This week in web3 #20

Every Friday afternoon, we share with you the most important news of the week in the world of web3.

This week in web3 #20

1️⃣ Coinbase launches Base

Crypto exchange Coinbase launched Base, a layer 2 network built using Optimism's OP Stack, to attract millions of new crypto users in the coming years.

2️⃣ ERC-4337 is live

An audited version of the Ethereum Foundation’s ERC-4337 account abstraction standard is now available on Ethereum Mainnet.

3️⃣ ComposeDB Beta is live on Ceramic Mainnet

ComposeDB is a decentralized graph database, allowing developers to easily build composable web3 applications on Ceramic using GraphQL and plug-and-play data models.

4️⃣ Patch Wallet launches wallets for newbies

Thanks to Patch Wallet, every Twitter user, email, and phone number now has a wallet automatically that only they can access. No onboarding or custodian is required to make it work.

5️⃣ Silvergate stock falls 50%

The share price of cryptocurrency-focused US bank Silvergate plummeted by 50% in early trading on Thursday after fresh revelations about the extent of its exposure to the collapse of crypto exchange FTX.

6️⃣ Unity launches web3 integration options

Unity, a gaming engine development company, has introduced several blockchain-based integration options to its platform.