Search results for Base App
Crypto
Coinbase app evolves into trading platform, easing focus on Base chain
Coinbase’s Base app is focusing on building a comprehensive trading platform, which is expected to reduce its closeness to Base, the Coinbase-led layer-2 blockchain, The Block reported, citing Base creator Jesse Pollak. Pollak said the app’s Base-centered approach is naturally fading as it broadens to let users trade everything across networks. Jordan “Kobi” Fish took over the Base app last month, allowing Pollak to focus on the Base blockchain and expanding Base chain into trading, payments and finance.
Crypto
Base founder Pollak admits \'social betting\' failure, says it lagged in prediction markets and perpetual futures
Jesse Pollak, founder of layer-2 blockchain Base, has acknowledged the failure of its social-focused expansion strategy and will step back from day-to-day operation of the Base app. Cointelegraph reported that Pollak said Base fell behind rivals in key areas such as prediction markets and perpetual futures while it focused on social. Pollak said a market collapse undermined his thesis that creators, content and messaging apps would drive crypto adoption.
Crypto
Coinbase CEO says Base app SocialFi features fell short of expectations
Coinbase strengthened SocialFi functions in its Base app last year but appears to have fallen short of expectations. CEO Brian Armstrong said on a recent podcast that the SocialFi experiment was not successful and the company is now focusing on trading functions. Coinbase scaled back SocialFi from January and switched to a trading-centered user experience. It also removed a Farcaster-based social feed in February, Armstrong said.
