Full Video: Crossing the Chasm to Frictionless Payments
Rewind to Korea's first x402 event to hear from @overnance, CEO of @overprotocol / @SuperblockKR. He shared how x402 can bridge the gap to truly frictionless payments — by focusing on smoother user experience and scalable real-world adoption.
x402 is just beggining in Korea, on @base. Stay tuned for more IRL events and project updates!
한국의 �� x402 행사로 돌아가볼까요? 당시 @overnance ( @overprotocol / @SuperblockKR 대표)는 x402가 어떻게 완전히 매끄러운 결제 경험을 선사하는 지, 그리고 더 자연스럽고 확장 가능한 실사용 도입을 어떻게 만들어낼 수 있는지 공유했습니다.
x402는 이제 막 한국에서 태동 중입니다. 더 많은 현장 이벤트 및 프로젝트 소식을 위해 팔로우 해주시기 바랍니다!
Going through basic smart contract development introduction by @CyfrinUpdraft feels nostalgic and refreshing. Giving back to the community what have learnt so far and also help upcoming smart contract developers now using Cyfrin tutorial lessons.
Why is Over moving to Base?
With our expansion to Base underway, I wanted to share why we made this decision—and why we are rebranding from OverProtocol to Over.
Almost two years ago, we launched OverProtocol mainnet, built on the lightweight node research (Ethanos) I developed during my PhD. Our aim was to let anyone run a node on everyday hardware. For 10 months we operated the chain, and we even built a simple wallet that at its peak had 5.8M users and 1.8M MAU.
We thought that lowering barriers alone would bring blockchain to the masses. But we learned that wasn’t enough. Ease of access doesn’t guarantee growth if the ecosystem itself doesn’t thrive. What people really need are assets they can recognize, understand, and value.
That’s when we realized: our mission isn’t about clinging to a protocol—it’s about the mission itself. Our mission is to maximize the value of idle resources. To fulfill that, we don’t need to operate our own L1. We need to meet users where they are and create value at the service layer.
That’s why OverProtocol has become simply Over. Over is more than just a name—it’s the spirit of what we do. It represents our drive to help people overcome barriers, over-extend utility, and over-deliver value from everything they already have. In that sense, Over is the very embodiment of our mission.
We’ve already started down this path. With OverFlex, we let users trade assets they know—gifticons, K-Beauty vouchers, tickets. We made onboarding easier with a reward model: watch ads, earn coins, and use them directly. Today, OverFlex operates in 191 countries with 72,000 global MAU and 12,782 Korean MAU.
On @base , we’ll go further:
Enable trading of familiar assets like vouchers, tickets, and passes.
Let users borrow against those assets, earn yield, or use them for BNPL payments.
Build real utility for both USD and KRW stablecoins, then expand globally once proven.
Use Korea’s global cultural influence (K-Culture) as a launchpad to scale faster.
And soon, we’ll launch another service to unlock even more opportunities. Our vision is for people to put all their everyday resources—time, computing power, tickets, vouchers, and passes—to work. Not just as digital tokens, but as meaningful assets in daily life.
Our mission hasn’t changed. What’s changed is our approach. We’re no longer focused on building infrastructure for its own sake. We’re focused on building Over—a layer of services that turns idle potential into real value.
That’s why Over is moving to Base. And this is only the beginning. Stay tuned—we’ll be sharing more details soon.
1. Over is joining the Startup Track of Base Batches 002.
You can check the announcement on the @daehan_base channel.
Post: https://t.co/544luNC0Tl
2. On October 24, the previously announced buyback and additional burn were completed.
Transaction: https://t.co/iZ7BO7R9Yb
Another update is coming early next week — a positive step forward for our community, and especially for our holders. Big news ahead.
Base Korea builders are going stronger than ever in Base Batches 002! 🇰🇷🔥
Our previous update announced 15 Korean projects, but the wave didn’t stop there 3 more teams joined right before the deadline, bringing the final total to 18 Korean submissions for Base Batches 002.
Introducing our lineup
[Startup Track]
- Tap Ants - @Tap_Ants
- Hubble AI
- HypurrQuant - @hypurrquant
- Over / Superblock - @overprotocol
- BTCFi / Bifrost - @Bifrost_Network
[Builder Track]
- Twyn - @twyn_official
- Rolling Burger: Social Board Game / GRAMPUS - @juicy_adventure
- BaseCard - @luckyjerry422
- ZKProofport - @ZKProofport
- Lumina - @Lumina_AI_App
- Base-Revolt - @gamgyul91
- Ad Wallet - @dulgi_530
- Dexfense
- AI Network - @ainetwork_ai
- Board Cast / dotorii - @dotorii_ee
- FavorEat / Temoney
- Antonio/Antonio - @antonio_agree
- Wiskey / Triangle - @k47657014
In Base Batches 001, Korea already proved its potential with @BaseVolApp and @MintClubPro.
Now in 002, an even broader pool of builders is stepping up stronger, louder, and more diverse in what they’re building.
1. 오버가 Base Batches 002의 스타트업 트랙에 함께합니다.
@daehan_base 채널에서 확인하실 수 있습니다.
게시글: https://t.co/VkTQiUXBF5
2. 10월 24일, 예고드렸던 바이백 및 추가 소각이 완료되었습니다.
해당 내역은 아래 링크에서 직접 확인하실 수 있습니다.
트랜잭션: https://t.co/Nc0VFcqojY
커뮤니티와 홀더분들을 위한 또 다른 큰 소식이 다음주에도 계속됩니다.
To clarify — The Foundation has been operating validators staking to ensure early-stage stability.
Going forward, we will gradually reduce these validators, unstaking and burning 10M $OVER over the next six months, beginning this week. In addition, the Foundation will burn around 10M $OVER that was previously earned through home-staking rewards — a portion of which has already been distributed through the Santa Project, with the remaining balance to be fully burned this week.
Unstaking and burns will proceed transparently and progressively, with manual burns at the beginning of each month. Each burn transaction will be publicly disclosed to ensure complete transparency. Upon completion, all results will be reflected on CoinMarketCap, CoinGecko, and other data providers.
These actions ensure fairness for all participants and reinforce our long-term commitment to decentralization and community trust. A meaningful step forward for Over Protocol and its holders.
The Foundation will begin a series of token burns to enhance transparency and long-term sustainability.
First, approximately 10M $OVER — earned through past home-staking operations — will be burned this week. Additionally, from the Foundation’s validator holdings, another 10M $OVER will be unstaked and burned over the next six months, beginning this week as validator exit queues allow.
Unstaked tokens will be manually burned at the start of each month as they are released.
These decisions follow feedback from node operators and community members, who expressed that burning, rather than recycling, is the fairest and most transparent approach for all participants.
All burns will be reflected on CoinMarketCap, CoinGecko, and other platforms once completed.
Another update will be shared early next week — a positive step forward for the community, and especially for our holders. Big news ahead.
On October 17 (Fri), the Foundation completed the burn of tokens accumulated from home staking rewards. Transaction: https://t.co/lELdahnaP5
This week, a buyback and additional burn are scheduled to take place — powered by revenue generated from the Overflex platform.
The Foundation will continue conducting regular buybacks and burns whenever new revenue is created across the Over ecosystem.
Another update is coming early next week — a positive step forward for our community, and especially for our holders. Big news ahead.