Base Initiative: Base App has been returned to Coinbase and will be further led by Cobie

On 16 July, Jesse Pollak, co-founder of Base, shared reflections on Base ' s past developments. Its admission that the 2024-2025 bets on social and creator coins (Farcaster and Zora, etc.) were wrong and that the field had completely collapsed, but the bets on builders were correct. Following the setback in the first quarter of 2026, Base has shifted the focus to three main directions, namely, transactions, payments and agency, which are interlinked and for which most resources are currently being traded. In addition, it has returned Base App to Coinbase, which is led by Cobie for further grinding。