Svmuu News: Jesse Pollak, co-founder of Base, published a post reflecting on the platform’s direction over the past two years, acknowledging that his previous bet on native on-chain social features was a mistake.He stated that social initiatives such as Farcaster, Zora, Miniapps, and creator tokens failed to become core drivers of crypto adoption, causing Base to fall behind some competitors in areas such as perpetual contracts, prediction markets, tokenization, and payments.
Pollak said that in the future, Base will position itself as the “blockchain for global finance,” with a focus in 2026 on three key areas: trading, payments, and AI Agents.Trading will encompass tokenized stocks, meme coins, and app tokens; payments will center on global stablecoins for individuals and businesses; and AI Agents will utilize cryptocurrency as a native currency for computers to serve participants in the future large-scale machine economy.
Additionally, the Base app will be handed back to the Coinbase team, with Cobie taking the lead on its development, and it may expand beyond the Base ecosystem. Pollak also stated that Base will continue to support developers by distributing resources through Base Layer, Base Batches, the ecosystem fund, and the Coinbase.
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Base Co-Founders: Betting on On-Chain Social Media Was a Mistake; We Will Focus on Transactions, Payments, and AI Agents
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