Ethereum Layer 2 Blockchain Base Creator Jesse Pollak Joins Coinbase’s Executive Team

Coinspeaker
Ethereum Layer 2 Blockchain Base Creator Jesse Pollak Joins Coinbase’s Executive Team

Jesse Pollak, creator of Ethereum’s layer 2 blockchain Base, has announced via his X handle that he is now part of the Coinbase executive team, further expanding his career.

The Base creator expressed his excitement about taking up the new position, which would accelerate Coinbase’s goal of bringing a billion users and a million developers onto blockchain technology.

Pollak stated that Base and Coinbase Wallet share a common vision: to simplify the process for anyone entering the on-chain world and connect users to the top products across the blockchain space. He emphasized that now they would be able to collaborate to bring this mission to fruition.

Pollak assured everyone that Base will continue to stand by its fundamental values of accessibility, decentralization, and open source. More so, Coinbase will broaden its focus across the entire chain economy, and it will start embodying Base’s values in new and impactful ways. He wrote:

“One important note: Base will continue to uphold its core values of being for everyone, a bridge not an island, and decentralized and open source. Coinbase Wallet will continue to work across the entire onchain economy, and we’ll start the work of embodying the other Base values in even more ways.”

Community Reactions: Positive Outlook on Pollak’s Appointment

The announcement of Pollak’s new role has sparked comments from Coinbase users and industry experts, many of whom view it as positive news. Jacob Horne, founder of Zora, expressed his excitement about the announcement, noting that the integration of Coinbase Wallet with Base will create a more seamless and efficient user experience – not just for Coinbase users, but potentially for the entire cryptocurrency industry.

More so, another commentator $BOOMER with over 12,000 followers, shared his excitement about Pollak’s new role and further gave his thoughts on how Coinbase could expand its reach and drive adoption.

The commentator stated that for Coinbase to drive adoption, they would have to eliminate gas fees for older generations, list vetted Base projects on Coinbase’s centralized exchange, leverage the popularity of meme coins, and prioritize safety to mitigate concerns about scams.

Pollak has already been added to Coinbase’s eight-member executive. His appointment comes after the departure of Coinbase’s engineering vice president, Manish Gupta. The Base builder was in charge of Coinbase’s consumer and retail engineering teams from January 2018 to September 2021. He also assisted with developing Coinbase Pro and Coinbase Wallet.

Coinbase has also recently launched an asset recovery system for Base. This new tool would enable users to recover nearly 4,000 ERC-20 tokens sent to Coinbase on BNB Smart Chain and Polygon, further boosting users’ confidence.

Since its launch in August 2023, Base has grown to become the most used Ethereum layer 2 solution. In August, the solution reached an all-time high of 4 million active addresses. next

Ethereum Layer 2 Blockchain Base Creator Jesse Pollak Joins Coinbase’s Executive Team