Base creator Jesse Pollak said the network made the wrong bet on onchain social and will refocus its strategy around trading, payments, and AI agents as it seeks to become infrastructure for global finance.
As part of the shift, Pollak has handed the Base App back to Coinbase, where crypto investor and entrepreneur Jordan Fish, better known as Cobie, will lead its next phase of development.
Coinbase strengthened its ties to Cobie last year through two deals totaling $400 million, including the $375 million acquisition of his onchain fundraising platform Echo and a separate $25 million purchase of an NFT linked to the revival of his UpOnly podcast.
lots of conversations about base over the last week. wanted to share my candid take after a week of listening and a lot of reflection over the last 6 months.
first off – in case it’s not obvious, the first quarter of 2026 was a punch in the face. I spent 2024 and 2025 making a…
