The Coinbase Base network hackathon is being criticized for awarding prizes to potentially fake applications linked to Coinbase employees. This followed the ‘On-Chain Summer Prize’ competition, where over 500 teams competed for a prize of 200,000 USD.
Investigations revealed that the projects owatch and Opi Trade were likely fake, being AI-generated with no real functionality. Distressed developers of legitimate projects are demanding accountability from the organizers as tensions rise in the community.
Leave a Reply