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- Base8 has launched a Bitcoin Layer 3 platform, integrating Layer 2 solutions like the Lightning Network and offering seamless crypto investing and utility for users.
- The platform features SATs (Satoshis) for simplified transactions and has initiated a $1.24M crowdfunding campaign to expand its offerings and user base.
Base8, a Bitcoin Layer 3 platform, has officially launched to simplify cryptocurrency transactions for both new and experienced users. By integrating Bitcoin Layer 2 (L2) solutions such as the Lightning Network for fast payments, Babylon for Bitcoin staking, and Stacks for Bitcoin DeFi, Base8 aims to make Bitcoin more accessible and practical for everyday use.
The platform is also one of the first to support SATs (Satoshis), the smallest unit of Bitcoin, and offers trading in more than 35 other liquid tokens.
Positioning itself as a Bitcoin neobank, Base8 seeks to bridge the gap between centralized and decentralized finance. The platform provides users with a secure and intuitive way to invest, manage, and utilize their crypto assets. With its focus on Bitcoin’s decentralized settlement layer, Base8 offers features like seamless Bitcoin utility and simplified investing.
“Bitcoin is meant to be so much more than just an asset to buy and hold,” said Alex Shapiro, Co-Founder and CEO of Base8. “We’re building Base8 to deliver on Bitcoin’s full potential by simplifying the user experience while managing complex decentralized integrations in the background.”
One of the standout features of Base8 is its emphasis on SATs. By using SATs, Base8 eliminates the confusion of decimals, making Bitcoin transactions and investments easier for retail investors. The app also offers funding options such as ACH, SEPA, debit/credit cards, and crypto deposits, allowing users to quickly enter the crypto economy.
In conjunction with its launch, Base8 has begun a $1.24 million crowdfunding campaign on Republic, aiming to raise a total of $3.5 million in its seed round following a successful $500,000 pre-seed raise in 2023. With a waitlist of over 31,000 users and nearly 1,000 beta testers, the platform is attracting attention from both crypto enthusiasts and early investors.
Co-founder and Chief Strategy Officer Mohamed Saidi emphasized that Base8 is more than just an app—it’s part of a broader effort to make Bitcoin more practical for everyday use. The funds from the campaign will go towards enhancing Base8’s technology, expanding Layer 2 integrations, and boosting user acquisition.
Looking ahead, Base8 plans to release additional features, including a Bitcoin Lightning wallet, a debit card with Apple NFC, and decentralized capabilities like staking and cross-chain swaps by 2025. These upgrades aim to transform Base8 into a comprehensive platform for both centralized and decentralized services, helping shape the future of the Bitcoin economy.
