diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1277cc74..6c2ded54 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,11 @@
 ### Breaking
 - `Asset#toAtomicAmount` now returns a BigInt instead of a Decimal
   
+## [0.5.1] - 2024-09-12
+
+### Fixed
+- Fixed a bug that blocked arbitrum mainnet wallets from being created
+
 ## [0.5.0] - 2024-09-11
 
 - Add Arbitrum-Mainnet support for Native transfers.
diff --git a/jest.config.js b/jest.config.js
index 1ce27854..17790c6a 100644
--- a/jest.config.js
+++ b/jest.config.js
@@ -10,10 +10,10 @@ module.exports = {
   maxWorkers: 1,
   coverageThreshold: {
     "./src/coinbase/**": {
-      branches: 78,
+      branches: 77,
       functions: 90,
       statements: 85,
-      lines: 88,
+      lines: 87,
     },
   },
 };
diff --git a/quickstart-template/package-lock.json b/quickstart-template/package-lock.json
index fc398e86..18ff1675 100644
--- a/quickstart-template/package-lock.json
+++ b/quickstart-template/package-lock.json
@@ -1,17 +1,18 @@
 {
   "name": "quickstart-template",
-  "version": "1.0.0",
+  "version": "1.1.0",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "quickstart-template",
-      "version": "1.0.0",
+      "version": "1.1.0",
       "license": "ISC",
       "dependencies": {
-        "@coinbase/coinbase-sdk": "^0.0.13",
+        "@coinbase/coinbase-sdk": "^0.5.1",
         "csv-parse": "^5.5.6",
-        "csv-writer": "^1.6.0"
+        "csv-writer": "^1.6.0",
+        "viem": "^2.21.6"
       }
     },
     "node_modules/@adraffy/ens-normalize": {
@@ -20,13 +21,14 @@
       "integrity": "sha512-96Z2IP3mYmF1Xg2cDm8f1gWGf/HUVedQ3FMifV4kG/PQ4yEP51xDtRAEfhVNt5f/uzpNkZHwWQuUcu6D6K+Ekw=="
     },
     "node_modules/@coinbase/coinbase-sdk": {
-      "version": "0.0.13",
-      "resolved": "https://registry.npmjs.org/@coinbase/coinbase-sdk/-/coinbase-sdk-0.0.13.tgz",
-      "integrity": "sha512-Hl1+7XD2elxnb1PJ/htZr5NV2Gqe6rcHsAplG4lg8QzAnXV0YioA3RwbK7UJszQ9r90suPI2ts9AFadqYO+1CA==",
+      "version": "0.5.1",
+      "resolved": "https://registry.npmjs.org/@coinbase/coinbase-sdk/-/coinbase-sdk-0.5.1.tgz",
+      "integrity": "sha512-z2CdMZV9UvyZ33DZT7HOpz2YxGhjaYVwGEb8izmJfUXm7Rcm6eg3MLL/dizNiOEbDMaO1Mj7LwKqf+tQnDU+Qw==",
       "dependencies": {
         "@scure/bip32": "^1.4.0",
         "axios": "^1.6.8",
         "axios-mock-adapter": "^1.22.0",
+        "axios-retry": "^4.4.1",
         "bip32": "^4.0.0",
         "bip39": "^3.1.0",
         "decimal.js": "^10.4.3",
@@ -59,9 +61,9 @@
       }
     },
     "node_modules/@scure/base": {
-      "version": "1.1.7",
-      "resolved": "https://registry.npmjs.org/@scure/base/-/base-1.1.7.tgz",
-      "integrity": "sha512-PPNYBslrLNNUQ/Yad37MHYsNQtK67EhWb6WtSvNLLPo7SdVZgkUjD6Dg+5On7zNwmskf8OX7I7Nx5oN+MIWE0g==",
+      "version": "1.1.8",
+      "resolved": "https://registry.npmjs.org/@scure/base/-/base-1.1.8.tgz",
+      "integrity": "sha512-6CyAclxj3Nb0XT7GHK6K4zK6k2xJm6E4Ft0Ohjt4WgegiFUHEtFb2CGzmPmGBwoIhrLsqNLYfLr04Y1GePrzZg==",
       "funding": {
         "url": "https://paulmillr.com/funding/"
       }
@@ -79,11 +81,54 @@
         "url": "https://paulmillr.com/funding/"
       }
     },
+    "node_modules/@scure/bip39": {
+      "version": "1.4.0",
+      "resolved": "https://registry.npmjs.org/@scure/bip39/-/bip39-1.4.0.tgz",
+      "integrity": "sha512-BEEm6p8IueV/ZTfQLp/0vhw4NPnT9oWf5+28nvmeUICjP99f4vr2d+qc7AVGDDtwRep6ifR43Yed9ERVmiITzw==",
+      "dependencies": {
+        "@noble/hashes": "~1.5.0",
+        "@scure/base": "~1.1.8"
+      },
+      "funding": {
+        "url": "https://paulmillr.com/funding/"
+      }
+    },
+    "node_modules/@scure/bip39/node_modules/@noble/hashes": {
+      "version": "1.5.0",
+      "resolved": "https://registry.npmjs.org/@noble/hashes/-/hashes-1.5.0.tgz",
+      "integrity": "sha512-1j6kQFb7QRru7eKN3ZDvRcP13rugwdxZqCjbiAVZfIJwgj2A65UmT4TgARXGlXgnRkORLTDTrO19ZErt7+QXgA==",
+      "engines": {
+        "node": "^14.21.3 || >=16"
+      },
+      "funding": {
+        "url": "https://paulmillr.com/funding/"
+      }
+    },
     "node_modules/@types/node": {
       "version": "18.15.13",
       "resolved": "https://registry.npmjs.org/@types/node/-/node-18.15.13.tgz",
       "integrity": "sha512-N+0kuo9KgrUQ1Sn/ifDXsvg0TTleP7rIy4zOBGECxAljqvqfqpTfzx0Q1NUedOixRMBfe2Whhb056a42cWs26Q=="
     },
+    "node_modules/abitype": {
+      "version": "1.0.5",
+      "resolved": "https://registry.npmjs.org/abitype/-/abitype-1.0.5.tgz",
+      "integrity": "sha512-YzDhti7cjlfaBhHutMaboYB21Ha3rXR9QTkNJFzYC4kC8YclaiwPBBBJY8ejFdu2wnJeZCVZSMlQJ7fi8S6hsw==",
+      "funding": {
+        "url": "https://github.com/sponsors/wevm"
+      },
+      "peerDependencies": {
+        "typescript": ">=5.0.4",
+        "zod": "^3 >=3.22.0"
+      },
+      "peerDependenciesMeta": {
+        "typescript": {
+          "optional": true
+        },
+        "zod": {
+          "optional": true
+        }
+      }
+    },
     "node_modules/aes-js": {
       "version": "4.0.0-beta.5",
       "resolved": "https://registry.npmjs.org/aes-js/-/aes-js-4.0.0-beta.5.tgz",
@@ -116,6 +161,17 @@
         "axios": ">= 0.17.0"
       }
     },
+    "node_modules/axios-retry": {
+      "version": "4.5.0",
+      "resolved": "https://registry.npmjs.org/axios-retry/-/axios-retry-4.5.0.tgz",
+      "integrity": "sha512-aR99oXhpEDGo0UuAlYcn2iGRds30k366Zfa05XWScR9QaQD4JYiP3/1Qt1u7YlefUOK+cn0CcwoL1oefavQUlQ==",
+      "dependencies": {
+        "is-retry-allowed": "^2.2.0"
+      },
+      "peerDependencies": {
+        "axios": "0.x || 1.x"
+      }
+    },
     "node_modules/base-x": {
       "version": "3.0.10",
       "resolved": "https://registry.npmjs.org/base-x/-/base-x-3.0.10.tgz",
@@ -473,6 +529,31 @@
         "node": ">=4"
       }
     },
+    "node_modules/is-retry-allowed": {
+      "version": "2.2.0",
+      "resolved": "https://registry.npmjs.org/is-retry-allowed/-/is-retry-allowed-2.2.0.tgz",
+      "integrity": "sha512-XVm7LOeLpTW4jV19QSH38vkswxoLud8sQ57YwJVTPWdiaI9I8keEhGFpBlslyVsgdQy4Opg8QOLb8YRgsyZiQg==",
+      "engines": {
+        "node": ">=10"
+      },
+      "funding": {
+        "url": "https://github.com/sponsors/sindresorhus"
+      }
+    },
+    "node_modules/isows": {
+      "version": "1.0.4",
+      "resolved": "https://registry.npmjs.org/isows/-/isows-1.0.4.tgz",
+      "integrity": "sha512-hEzjY+x9u9hPmBom9IIAqdJCwNLax+xrPb51vEPpERoFlIxgmZcHzsT5jKG06nvInKOBGvReAVz80Umed5CczQ==",
+      "funding": [
+        {
+          "type": "github",
+          "url": "https://github.com/sponsors/wagmi-dev"
+        }
+      ],
+      "peerDependencies": {
+        "ws": "*"
+      }
+    },
     "node_modules/lodash": {
       "version": "4.17.21",
       "resolved": "https://registry.npmjs.org/lodash/-/lodash-4.17.21.tgz",
@@ -681,6 +762,67 @@
         "uuid": "dist/bin/uuid"
       }
     },
+    "node_modules/viem": {
+      "version": "2.21.6",
+      "resolved": "https://registry.npmjs.org/viem/-/viem-2.21.6.tgz",
+      "integrity": "sha512-YX48IVl6nZ4FRsY4ypv2RrxtQVWysIY146/lBW53tma8u32h8EsiA7vecw9ZbrueNUy/asHR4Egu68Z6FOvDzQ==",
+      "funding": [
+        {
+          "type": "github",
+          "url": "https://github.com/sponsors/wevm"
+        }
+      ],
+      "dependencies": {
+        "@adraffy/ens-normalize": "1.10.0",
+        "@noble/curves": "1.4.0",
+        "@noble/hashes": "1.4.0",
+        "@scure/bip32": "1.4.0",
+        "@scure/bip39": "1.4.0",
+        "abitype": "1.0.5",
+        "isows": "1.0.4",
+        "webauthn-p256": "0.0.5",
+        "ws": "8.17.1"
+      },
+      "peerDependencies": {
+        "typescript": ">=5.0.4"
+      },
+      "peerDependenciesMeta": {
+        "typescript": {
+          "optional": true
+        }
+      }
+    },
+    "node_modules/viem/node_modules/@adraffy/ens-normalize": {
+      "version": "1.10.0",
+      "resolved": "https://registry.npmjs.org/@adraffy/ens-normalize/-/ens-normalize-1.10.0.tgz",
+      "integrity": "sha512-nA9XHtlAkYfJxY7bce8DcN7eKxWWCWkU+1GR9d+U6MbNpfwQp8TI7vqOsBsMcHoT4mBu2kypKoSKnghEzOOq5Q=="
+    },
+    "node_modules/viem/node_modules/@noble/curves": {
+      "version": "1.4.0",
+      "resolved": "https://registry.npmjs.org/@noble/curves/-/curves-1.4.0.tgz",
+      "integrity": "sha512-p+4cb332SFCrReJkCYe8Xzm0OWi4Jji5jVdIZRL/PmacmDkFNw6MrrV+gGpiPxLHbV+zKFRywUWbaseT+tZRXg==",
+      "dependencies": {
+        "@noble/hashes": "1.4.0"
+      },
+      "funding": {
+        "url": "https://paulmillr.com/funding/"
+      }
+    },
+    "node_modules/webauthn-p256": {
+      "version": "0.0.5",
+      "resolved": "https://registry.npmjs.org/webauthn-p256/-/webauthn-p256-0.0.5.tgz",
+      "integrity": "sha512-drMGNWKdaixZNobeORVIqq7k5DsRC9FnG201K2QjeOoQLmtSDaSsVZdkg6n5jUALJKcAG++zBPJXmv6hy0nWFg==",
+      "funding": [
+        {
+          "type": "github",
+          "url": "https://github.com/sponsors/wevm"
+        }
+      ],
+      "dependencies": {
+        "@noble/curves": "^1.4.0",
+        "@noble/hashes": "^1.4.0"
+      }
+    },
     "node_modules/wif": {
       "version": "2.0.6",
       "resolved": "https://registry.npmjs.org/wif/-/wif-2.0.6.tgz",
diff --git a/quickstart-template/package.json b/quickstart-template/package.json
index c793fbed..8d39fdef 100644
--- a/quickstart-template/package.json
+++ b/quickstart-template/package.json
@@ -7,7 +7,8 @@
     "start": "node index.js",
     "start-trade-assets": "node trade-assets.js",
     "start-mass-payout": "node mass-payout.js",
-    "start-webhook": "node webhook.js"
+    "start-webhook": "node webhook.js",
+    "start-register-basename": "node register-basename.js"
   },
   "keywords": [],
   "author": "",
@@ -16,6 +17,7 @@
   "dependencies": {
     "@coinbase/coinbase-sdk": "^0.6.0",
     "csv-parse": "^5.5.6",
-    "csv-writer": "^1.6.0"
+    "csv-writer": "^1.6.0",
+    "viem": "^2.21.6"
   }
 }
diff --git a/quickstart-template/register-basename.js b/quickstart-template/register-basename.js
new file mode 100644
index 00000000..e95b6c49
--- /dev/null
+++ b/quickstart-template/register-basename.js
@@ -0,0 +1,168 @@
+import { Coinbase, Wallet } from "@coinbase/coinbase-sdk";
+import { encodeFunctionData, namehash } from "viem";
+import os from "os";
+
+// Relevant ABI for L2 Resolver Contract.
+const l2ResolverABI = [
+  {
+    inputs: [
+      { internalType: "bytes32", name: "node", type: "bytes32" },
+      { internalType: "address", name: "a", type: "address" },
+    ],
+    name: "setAddr",
+    outputs: [],
+    stateMutability: "nonpayable",
+    type: "function",
+  },
+  {
+    inputs: [
+      { internalType: "bytes32", name: "node", type: "bytes32" },
+      { internalType: "string", name: "newName", type: "string" },
+    ],
+    name: "setName",
+    outputs: [],
+    stateMutability: "nonpayable",
+    type: "function",
+  },
+];
+
+// Relevant ABI for Basenames Registrar Controller Contract.
+const registrarABI = [
+  {
+    inputs: [
+      {
+        components: [
+          {
+            internalType: "string",
+            name: "name",
+            type: "string",
+          },
+          {
+            internalType: "address",
+            name: "owner",
+            type: "address",
+          },
+          {
+            internalType: "uint256",
+            name: "duration",
+            type: "uint256",
+          },
+          {
+            internalType: "address",
+            name: "resolver",
+            type: "address",
+          },
+          {
+            internalType: "bytes[]",
+            name: "data",
+            type: "bytes[]",
+          },
+          {
+            internalType: "bool",
+            name: "reverseRecord",
+            type: "bool",
+          },
+        ],
+        internalType: "struct RegistrarController.RegisterRequest",
+        name: "request",
+        type: "tuple",
+      },
+    ],
+    name: "register",
+    outputs: [],
+    stateMutability: "payable",
+    type: "function",
+  },
+];
+
+// Basenames Registrar Controller Contract Address.
+const BaseNamesRegistrarControllerAddress = "0x4cCb0BB02FCABA27e82a56646E81d8c5bC4119a5";
+
+// L2 Resolver Contract Address.
+const L2ResolverAddress = "0xC6d566A56A1aFf6508b41f6c90ff131615583BCD";
+
+// Create register contract method arguments.
+function createRegisterContractMethodArgs(baseName, addressId) {
+  const addressData = encodeFunctionData({
+    abi: l2ResolverABI,
+    functionName: "setAddr",
+    args: [namehash(baseName), addressId],
+  });
+  const nameData = encodeFunctionData({
+    abi: l2ResolverABI,
+    functionName: "setName",
+    args: [namehash(baseName), baseName],
+  });
+
+  const registerArgs = {
+    request: [
+      baseName.replace(/\.base\.eth$/, ""),
+      addressId,
+      "31557600",
+      L2ResolverAddress,
+      [addressData, nameData],
+      true,
+    ],
+  };
+  console.log(`Register contract method arguments constructed: `, registerArgs);
+
+  return registerArgs;
+}
+
+// Register a Basename for the given Wallet.
+async function registerBaseName(wallet, registerArgs) {
+  try {
+    const contractInvocation = await wallet.invokeContract({
+      contractAddress: BaseNamesRegistrarControllerAddress,
+      method: "register",
+      abi: registrarABI,
+      args: registerArgs,
+      amount: 0.002,
+      assetId: Coinbase.assets.Eth,
+    });
+
+    await contractInvocation.wait();
+
+    console.log(`Successfully registered Basename ${registerArgs[0]} for wallet: `, wallet);
+  } catch (error) {
+    console.error(`Error registering a Basename for ${wallet}: `, error);
+  }
+}
+
+// Fetch a funded Wallet and load its Seed.
+async function fetchWalletAndLoadSeed(walletId, seedFilePath) {
+  try {
+    const wallet = await Wallet.fetch(walletId);
+    await wallet.loadSeed(seedFilePath);
+
+    console.log(`Successfully loaded funded wallet: `, wallet);
+    return wallet;
+  } catch (error) {
+    console.error(
+      `Error loading funded wallet ${walletId} from seed file ${seedFilePath}: `,
+      error,
+    );
+  }
+}
+
+async () => {
+  try {
+    const { BASE_NAME, WALLET_ID, SEED_FILE_PATH } = process.env;
+
+    // Manage CDP API Key for Coinbase SDK.
+    // Configure location to CDP API Key.
+    Coinbase.configureFromJson({
+      filePath: `${os.homedir()}/Downloads/cdp_api_key.json`,
+    });
+
+    // Fetch funded Wallet.
+    const wallet = await fetchWalletAndLoadSeed(WALLET_ID, SEED_FILE_PATH);
+    const defaultAddress = await wallet.getDefaultAddress();
+
+    // Register Basename.
+    const registerArgs = createRegisterContractMethodArgs(BASE_NAME, defaultAddress.getId());
+    await registerBaseName(wallet, registerArgs);
+  } catch (error) {
+    console.error(`Error in registering a Basename for my wallet: `, error);
+  }
+};
diff --git a/src/coinbase/wallet.ts b/src/coinbase/wallet.ts
index d2c22642..4d1a4b32 100644
--- a/src/coinbase/wallet.ts
+++ b/src/coinbase/wallet.ts
@@ -929,14 +929,7 @@ export class Wallet {
     if (!this.master) {
       throw new Error("Cannot derive key for Wallet without seed loaded");
     }
-    const [networkPrefix] = this.model.network_id.split("-");
-    /**
-     * TODO: Push this logic to the backend.
-     * TODO: Add unit tests for `#createAddress`.
-     */
-    if (!["base", "ethereum", "polygon"].includes(networkPrefix)) {
-      throw new Error(`Unsupported network ID: ${this.model.network_id}`);
-    }
+
     const derivedKey = this.master?.derive(this.addressPathPrefix + `/${index}`);
     if (!derivedKey?.privateKey) {
       throw new Error("Failed to derive key");
diff --git a/src/tests/wallet_test.ts b/src/tests/wallet_test.ts
index af476d08..7454fb5c 100644
--- a/src/tests/wallet_test.ts
+++ b/src/tests/wallet_test.ts
@@ -902,20 +902,6 @@ describe("Wallet Class", () => {
       expect(() => newWallet.setSeed(``)).toThrow(ArgumentError);
       expect(() => newWallet.setSeed(`invalid-seed`)).toThrow(ArgumentError);
     });
-
-    it("should raise an error when creating a wallet with an invalid network", async () => {
-      const newWallet = Wallet.init(
-        {
-          ...walletModel,
-          network_id: "invalid_network_id",
-        },
-        "",
-      );
-      newWallet.setSeed(existingSeed);
-      await expect(newWallet.createAddress()).rejects.toThrow(
-        "Unsupported network ID: invalid_network_id",
-      );
-    });
   });
 
   describe("#export", () => {