Base Co-founder Admits Mistake in On-chain Social Betting, Future Focus on Trading, Payments, and AI Agents

Base co-founder Jesse Pollak reflected on the development over the past two years, admitting that the bet on on-chain native social was a mistake. He believes that social directions such as Farcaster, Zora, Miniapps, and creator coins have failed to drive crypto adoption, resulting in a lag behind competitors in areas like perpetual contracts, prediction markets, tokenization, and payments. In the future, Base will position itself as "the blockchain for global finance," focusing on trading, payments, and AI agents by 2026. Trading will encompass tokenized stocks, meme coins, and application tokens, while payments will revolve around global stablecoins for individuals and businesses. AI agents will utilize cryptocurrencies as a native currency for computers, serving future participants in a large-scale machine economy. Base applications will be handed back to the Coinbase team, with Cobie taking over to advance them, and may potentially expand beyond the Base ecosystem. Pollak stated that Base will continue to support developers through Base Layer, Base Batches, ecosystem funds, and resource distribution from Coinbase.

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