Amex Show Di NFT Passport Stamps for Base Network
American Express don rollout Amex Passport wey dey issue non-transferable NFT passport stamps as ERC-721 tokens for Base network, wey be Ethereum Layer 2. US cardholders fit collect digital travel mementos by making in-person purchases for over 130 qualifying countries, and each stamp dey record country, date, plus small personal note. Stamps fit dem claim retroactively for trips for past two years and dem dey store on-chain without showing personal data. For just few weeks, more than 20,000 NFT passport stamps don issue, and 73% of users wey dem survey show say dem interested in digital trip markers. Though dem no be tradable assets, these NFT passport stamps na to revive passport stamp tradition and boost blockchain engagement. For crypto traders, dis program fit push more transaction volume for Base, wey mean say demand dey grow for Ethereum Layer 2 solutions and fit increase network activity.
Bullish
Di launch of Amex Passport wit NFT passport stamps pon di Base network likely mean say e go good for Ethereum and how pipo dey use L2. For short term, dem don issue over 20,000 ERC-721 tokens inside few weeks, dis show say consumers dey very active, e dey drive transaction volume and fees for Base network. Dis increase fit attract more developers and users to Base and other L2s, e go boost liquidity and network utility. For long term, when big financial institution start to use non-transferable loyalty NFTs for mainstream, e prove blockchain use no just for trading and speculation, e fit maintain higher on-chain activity and increase demand for Ethereum’s scaling solutions. As investors begin trust L2 infrastructure more, Ethereum ecosystem fit see more value captured, e do join wit historical patterns wey dey show say more protocol usage dey support price rise.