Oh, what a tangled web we weave when first we practice to deceive. Or, you know, just when we promote a memecoin instead of a hardworking project. 🙄
It’s another day in the wild world of blockchain, folks! 🎉 And today’s episode features none other than Time.fun’s creator, 0xKawz, who’s got a bone to pick with Base’s X profile. Seems like Base has been caught red-handed promoting an AI-made Grok token while completely ignoring the blood, sweat, and tears poured into Time.fun. 😢
icymi, @grok launched a token on Base 🚀
thanks to @bankrbot and Clanker’s trading mechanisms, Grok’s AI-controlled wallet is already stacking fees ($200K+ and counting) 💰
why does it matter? AI is owning wallets, making markets, and generating revenue. welcome to the future. 🕰️— Base (@base) March 10, 2025
On March 10, Base took to X to give a shoutout to Bankrbot, a portfolio management protocol built on Base. They boasted that Grok’s AI-controlled wallet had “launched a token on Base” and was “already stacking fees,” racking up over $200,000. 🤑
“[…] why does it matter? AI is owning wallets, making markets, and generating revenue. welcome to the future.”
Base
But 0xKawz wasn’t impressed. They were shocked that Base was so keen on supporting GrokCoin, especially since they’d been left in the dust for months. It seems that Base has a soft spot for “shitposters” who managed to convince Grok to give token details and launch a token, earning frontpage coverage and farming degens with no utility. Welcome to the future, indeed! 🙄
“I spent months building an app on Base and was never able to get the @base account to tweet about the product. Some shitposters convinced Grok to loosely give token details and launch a token and it gets frontpage coverage ++ farms degens with no utility. ‘welcome to the future’ is apparently a shitposter tricking an AI to give a ticker + name. wow!”
0xKawz
It’s not like Coinbase, the company behind Base, doesn’t know about Time.fun. Their venture arm, Coinbase Ventures, even participated in the project’s $3 million seed funding round back in August 2024. Other investors included Breed VC, Zee Prime Capital, and some angel investors with impressive pedigrees. 🦅
In a recent interview, 0xKawz hinted that Time.fun might eventually launch its own token, but there’s no clear timeline as they’re focused on finding “product-market fit” first. Who knows, maybe they’ll ditch Base and head for Solana instead. 🐋
1/ We’re excited to announce our $3M seed round, led by @BHDigitalAssets, with participation from @cbventures, @ZeePrimeCap, @breed_vc, @PalmTreeCrypto, @AdvancitCapital, and @MaelstromFund. 🎉
We’re on a mission to tokenize time and unlock new economies ⌛️— time.fun (@timedotfun) August 29, 2024
It’s still a mystery why Base has given Time.fun the cold shoulder, but it’s worth noting that Time.fun has also distanced itself from Coinbase’s layer-2 network. In October 2024, they announced (without much detail) that they would migrate to Solana, claiming that their chances for product-market-fit and mainstream adoption are better served on Solana. 🏝️
“Simply put, we align closer with Solana’s roadmap, values, and culture. We remain bullish on Base as a L2, however we believe our chances for product-market-fit and mainstream adoption is better served on Solana.”
Time.fun
Launched on Base in June 2024, Time.fun is a social finance platform that lets anyone create a trading and redemption market for their time within minutes. Fans can gain special access by purchasing a creator’s minutes early and reaping the rewards as they gain influence. Each token represents one minute of a user’s availability, and since its launch, the project has generated over $1 million in trading volume. 📈
Despite this impressive traction, Base’s X account has never mentioned Time.fun, according to data from X. As of press time, Base has made no public statements on the matter. Stay tuned for more updates! 🗣️
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2025-03-12 17:32