Jesse Pollak Admits His Onchain Social Bet Failed, Hands Base App to Coinbase

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BeInCrypto • July 16, 2026 at 05:40 • News

Base creator Jesse Pollak admitted his bet on onchain social apps and creator coins failed, handing the Base app back to Coinbase and refocusing the network on trading, stablecoin payments, and artificial intelligence (AI) agents. He described the first quarter of 2026 as a “punch in the face,” citing declines in Farcaster, Zora, and creator
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