Base Creator Jesse Pollak Steps Back From App Leadership After Admitting Social Bet 'Was Wrong'
Decrypt·
60-second summary
Jesse Pollak, the creator of Base, is stepping back from the app's leadership, admitting the network's push into on-chain social was a mistake. He's handing the reins back to Coinbase to focus solely on developing Base as "the blockchain for global finance", a move that may impact Base's social media ambitions and overall market presence in the crypto space.
Pollak said he is handing the Base App back to Coinbase to focus on building Base into "the blockchain for global finance" after conceding the network's push into on-chain social missed the mark.