- New Chapter for Nautilus Chain
- Benefits for Nautilus Users
- Future Changes and Plans
In a strategic move set to redefine the landscape of decentralized finance, 3Base has officially acquired Nautilus Chain, a leading payments-optimized Layer 3 blockchain. This acquisition marks a significant step for the thriving Nautilus ecosystem, promising to enhance scalability, security, and real-world application potential.
New Chapter for Nautilus Chain
Originally launched as the first and largest payments-optimized modular Layer 3 (L3) chain incubated by the Zebec Protocol, Nautilus Chain was built to enable continuous payment streams. The acquisition by 3Base represents a natural progression, allowing the combined entity to capitalize on the robust infrastructure anchored in Coinbase’s Layer 2 network (BASE) and the advanced capabilities of the Optimistic rollup stack.
Benefits for Nautilus Users
Zepoch Node NFT holders, who have played a crucial role in supporting the Nautilus ecosystem, will see their nodes upgraded to 3Base Contributors. This migration enhances the nodes' capabilities and aligns them with the ongoing evolution of blockchain payments globally.
Key benefits:
**Enhanced Scalability and Performance:** Utilizing Layer-3 rollups, 3Base will achieve significantly higher transaction speeds and scalability, capable of processing thousands of transactions per second, making it competitive with traditional payment networks like Visa and Mastercard.
**Increased Security and Reliability:** Built on the secure and audited Base network, 3Base ensures the integrity and safety of financial transactions, providing consistent performance without outages.
**Broader Adoption:** The integration of Web2 merchant payment networks with Web3 capabilities enables seamless crypto payments for everyday transactions. The 3Base network is designed to bridge the gap between traditional and decentralized finance, offering a user-friendly interface and broader interoperability.
Future Changes and Plans
With the acquisition complete, 3Base is poised to become a dominant force in the decentralized payments space. The beta launch of the next-gen Nautilus, now 3Base, on the Base platform is set for Q3 2024, with the mainnet launch expected in Q4 2024.
While Nautilus does not currently have a token, plans to launch one remain on track. The new token, with yet to be announced name and ticker, is anticipated for late 2024 to Q1 2025. The specific details on the token release will be released closer to the release date.
This acquisition is just the beginning, says newly appointed CEO of 3Base Zuhayr Reaz. The company plans to continue innovating and building a more connected and efficient financial future.
