Base Creator Jesse Pollak Hands App to Cobie, Bets on Global Finance
Jesse Pollak is handing Base's consumer app to Cobie, admitting his social-driven adoption bet "was wrong" as Base pivots to become "the blockchain for global finance."
Coinbase is a publicly listed cryptocurrency exchange and the company behind Base, the Ethereum Layer-2 network.
Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is one of the largest cryptocurrency exchanges and became a publicly traded company on Nasdaq (ticker COIN) in 2021. It offers a broad suite of retail and institutional crypto products.
Coinbase incubated Base, an Ethereum Layer-2 built on Optimism's OP Stack, which its Base team — led by jessepollak — announced in 2023. Its consumer products include the Coinbase exchange and the self-custody Coinbase Wallet. Descout tracks Coinbase as the organization behind Base and as the anchor for its creator, Jesse Pollak.
AbstractorganizationAbstract is the Igloo Inc organization behind the Abstract chain, the consumer crypto Layer-2…Related coverage that mentions Coinbase without being centered on it — filed under the associated entity it belongs to.
Jesse Pollak is handing Base's consumer app to Cobie, admitting his social-driven adoption bet "was wrong" as Base pivots to become "the blockchain for global finance."