Base App moves to Cobie after Jesse Pollak admits creator coin bet failed

Base creator Jesse Pollak admitted the network's social strategy and creator coin bet failed. Consequently, Pollak is handing the Base App back to Coinbase to refocus efforts. The 2026 priorities for Base will now shift toward trading, payments, and AI agents. This strategic pivot aims to establish Base as the blockchain for global finance after conceding that the previous push into on-chain social missed the mark, marking a significant transition in the network's leadership and goals.