According to Techub News, Base officially tweeted that Basenames, built on the open source ENS protocol, is now online. Users can obtain unique base.eth usernames through Dutch auctions as their on-chain identities in the Base ecosystem. The auction price will gradually decrease within 36 hours to ensure fair competition.

Basenames is built on the open source ENS protocol and aims to simplify transactions, promote collaboration, and enhance on-chain connections between users. In addition, early Base Name Service (BNS) users will enjoy special discounts when registering.