Coinbase knows perfectly what is a security and what is not. They are forcing SEC’s hand by launching a token. Something Brian wanted to do during IPO but couldn’t.
Calling it now - New NFT platform using chainlink as a base. GameFi etc etc. Only basing it on the companies retweeting the blue dot on Twitter though
my bets: federally regulated platform (exciting) or an optimism fork (boring)
I saw Moonwell sharing it and some DOT folks, so guessing a Moonwell/DOT liquidity listing or product offering