Ethereum
Base Creator Admits Web3 Social Bet Failed, Pivots to Global Finance
BitPinas·July 16, 2026·1 min read
Jesse Pollak admitted Base's push into onchain social applications failed to gain traction. The Coinbase-backed Ethereum Layer-2 network is now pivoting to focus on trading, stablecoins, and AI. This strategic shift aims to find product-market fit in global finance rather than social apps.
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