How Jesse Pollak Is Mapping Out Base's Next Chapter After the App Pivot
Jesse Pollak owns the Base App's social miss, unpacks Robinhood Chain's rise, and explains Brian Armstrong's memecoin moment.
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Jesse Pollak spent the week owning a very public miss. In a lengthy post, the Base creator admitted the Base App's social bet had not worked, leaving Base behind in perps, prediction markets and tokenization, and handed the app's reins to Jordan Fish, better known as Cobie.
Pollak joins Laura Shin to unpack why the pivot happened now, what he makes of Coinbase CEO Brian Armstrong's memecoin controversy over a token called $BRIAN, and how Base plans to compete as Robinhood Chain outpaces it on daily active users, according to Artemis data.
They cover Base's move off Optimism's stack onto its own Azul, Beryl and Cobalt upgrades, a roadmap toward 20,000 transactions per second under the new B20 stablecoin standard, and the x402 agentic payments protocol already handling roughly 90% of Base's transaction volume.
Pollak argues less than 1% of the world uses crypto, and that Base's bet is on whoever builds the trusted rails first.
Host:
Laura Shin, Host / Unchained
Guests:
Jesse Pollak - Creator of Base
Timestamps
🗞️ 01:48 Why Jesse Pollak feels 'fired up' despite Base App's social miss
🧭 03:58 Pollak on why the timing was wrong for Base App's social bet
💳 05:42 Cape: Get 33% off six months of privacy-first mobile service at https://cape.co/unchained
🖼️ 06:39 Pollak on Brian Armstrong's Coinbaseman meme coin controversy
🏎️ 10:43 How Pollak plans to compete as Robinhood Chain overtakes Base in DAUs
🤝 12:53 Why Coinbase's distribution edge matters for onboarding new users
🔀 15:37 Why Pollak handed the Base App to Cobie to focus on the chain
🌉 18:20 Why Base App is expanding beyond Base to Solana and Bitcoin
⚙️ 21:05 Base's Azul, Beryl and Cobalt upgrades and its new B20 standard
🔐 24:27 Base Ledgers, agentic payments and privacy in Pollak's roadmap
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Crypto's Everything App | Base's Creator, Jesse Pollak
The internet is broken for creators, and Base thinks it has the fix.
Jesse Pollak joins Bankless to unveil the Base app, a crypto-powered everything app where posts earn, creators own, and mini apps go viral. From meme coins to market-based social media, this might be the start of a new onchain economy.
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https://x.com/BanklessHQ/status/1948769160932327886
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TIMESTAMPS
0:00 Intro
1:04 The Vision of BASE
3:11 The Everything App
6:10 The Future for Creators
10:13 Earning Through Engagement
14:29 Crafting the Perfect Content
20:54 The Rise of Mini Apps
23:59 Monetization and the Free Market
25:52 Addressing Creator Concerns
29:23 Closing Thoughts on BASE
—-
RESOURCES
Jesse
https://x.com/jessepollak
Base
https://x.com/base
—-
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Why JPMorgan and Shopify Are Rolling Out New Products on Ethereum Layer 2 Base - Ep. 855
On Tuesday, JPMorgan announced that its blockchain unit is launching JPMD, a USD deposit token for institutional clients, on Base. That’s right: the world’s biggest bank by assets and the 12th largest company by market cap is putting real dollars onchain.
JPMD isn’t quite a stablecoin, but it’s close. It represents actual dollar deposits at JPMorgan and will be used by institutional clients for blockchain-based transactions. The bank plans to run a pilot over the coming months and eventually expand it to other user groups and currencies, pending regulatory approval.
To understand what this means for the broader crypto ecosystem (and why JPMorgan chose Base), we brought on Jesse Pollak, head of Base and Coinbase Wallet. In this episode, Jesse explains:
Why JPMorgan (and Shopify) chose Base
What deposit tokens are, and how they differ from stablecoins
Why infrastructure is finally “ready” for institutions
How Base scaled from 2.5 million to 35 million gas/sec
What’s next for Coinbase users who’ll have one-tap access to onchain assets
And Jesse’s response to the critics who said that Coinbase doesn’t give enough credit to Ethereum
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Ledn
FalconX
Jesse Pollak, Head of Base and Coinbase Wallet
Unchained:
JPMorgan to Pilot ‘JPMD’ Token on Base
Coinbase and Amex Team Up on Bitcoin Card as Exchange Reveals Broad Expansion Plans
Comments on Bloomberg by Naveen Mallela, global co-head of the bank's blockchain division Kinexys by JPMorgan
Timestamps:
🎬 0:00 Intro
🏦 1:49 What JPMD actually is
🔧 4:26 Why Jesse believes infrastructure is finally ready for institutional adoption
📊 7:03 Whether Base can handle global scale
💵 9:24 How JPMorgan plans to use deposit tokens in real-world blockchain transactions
⚖️ 11:22 Whether deposit tokens are a better model than stablecoins
🛠️ 16:59 Why JPMorgan chose to launch on Base instead of other chains
📉 19:00 How recent events served as a wake-up call for fintech and commerce
📲 22:22 Why Jesse is hyped about seamless access to onchain assets inside Coinbase
📈 25:47 How Coinbase plans to manage the chaos of token pumps and dumps
🌐 27:54 Jesse’s take on the criticism that Coinbase doesn’t show Ethereum enough love
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Jesse Pollak on ‘Base Is for Everyone’ + Guy Young and Carlos Domingo on Converge - Ep. 820
This week on Unchained: two big stories, one episode.
First, Jesse Pollak, head of Coinbase’s L2 Base, joins to unpack the chaos behind the viral “Coined It” memecoin moment, a tweet-turned-token that hit $17M in an hour, crashed, then rebounded, igniting a firestorm on Crypto Twitter. Was it a media experiment or a botched launch? Was there insider trading? And why does Jesse think coins are the future of creator monetization?
Then, we dive into Converge, the recently announced chain backed by Ethena and Securitize, aiming to bridge TradFi and DeFi. Carlos Domingo and Guy Young explain what makes Converge technically novel, why they’re building on Arbitrum and Celestia, and how it could reshape the onchain landscape for institutions.
Also in this episode:
Whether Jesse regrets greenlighting the Base post
The future of creator coins and tokenized assets
How Converge plans to prevent hacks and improve UX
And why Converge isn’t just about migrating existing assets, but “expanding the pie”
Thank you to our sponsors!
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Mantle
Part 1
Jesse Pollak, Head of Base and Coinbase Wallet
On Wednesday, Coinbase’s layer 2 network Base posted a tweet that
read: “Base is for everyone,” followed by a tweet: “Coined it.” That
second tweet linked to a page where the post had already been turned
into a coin.
Within an hour, the coin hit a $17 million market cap, then dropped
to under $2 million, then went back up to over $13 million. Crypto
Twitter exploded. Some called it a rug. Others accused insiders of
sniping the launch. Coinbase later issued a statement saying that Zora
auto-tokenizes content, but Jesse Pollak, head of Base, tweeted that he
personally greenlit the post.
So what really happened?
In this episode, Jesse sits down with Laura to discuss:
Whether this was a memecoin launch or a media experiment
Why he thinks the crypto community overreacted
Whether insider trading occurred
And why he believes coins, not NFTs, are the future of creator monetization
Plus, he explains why he’s okay being the “punching bag.”
Part 2
A month ago, Converge was announced as the new chain backed by Ethena and Securitize, aiming to become a home for tokenized assets and institutional capital.
On Thursday, the teams behind it released the full technical specs. From validator-triggered circuit breakers to 100ms block times and support for yield-generating private credit, Converge is pitching itself as the chain for both TradFi and DeFi.
In this episode, Securitize’s Carlos Domingo and Ethena’s Guy Young join Unchained to explain what’s actually novel in this architecture, why they chose Arbitrum and Celestia, and what it will take for institutions to get comfortable onchain.
Plus:
What Converge means for Ethereum and other L2s
Whether gas tokens like USDe and USDtb solve real UX problems
How they plan to prevent bridge-based hacks
And why this isn’t just about migrating existing assets, but “expanding the pie”
Guest
Carlos Domingo, co-founder and CEO of Securitize
Guy Young, founder of Ethena Labs
Links
Previous coverage of Unchained on Ethena:
After an Incredible 2024 for USDe, Ethena Plans to Supercharge Growth
Ethena’s USDe Grew to $2 Billion in 7 Weeks. Is It Safe?
How Ethena’s USDe Challenges Traditional Stablecoin Models
Unchained:
Tokenized T-Bills Grow Despite Trump Tariffs Causing U.S. Treasuries Sell-off
Tokenized Treasuries Grow 20X Faster Than Stablecoins as Crypto Market Languishes
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How to Build in Crypto: Lessons from 8 Leading Founders | Jesse Pollack, Jeremy Allaire, Anatoly Yakovenko & More
Do you think you’ve got what it takes to become a founder in crypto?
On the show today we’ve got 8 of crypto’s most famous and successful builders in crypto, each with about 15 minutes in time, giving you the wisdom they gained founding their own companies.
We’re joined by Jesse Pollack from Base, Jeremy Allaire from Circle, Anatoly from Solana, Stani from Aave, Kain from Synthetix, Mike & Jason from Blockworks, Kevin Owocki from Gitcoin and Lucas from Jito. Each one with their own perspectives, their own scars and hopefully by listening to this episode, you, the listener, can learn from their experiences to gain the confidence you need to venture into this world.
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🌐 CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo
------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ TIMESTAMPS
0:00 Intro 2:52 Jesse Pollack - Base 15:45 Jeremy Allaire - Circle 34:53 Anatoly Yakovenko - Solana 51:00 Stani Kulechove - Aave 1:07:48 Kain Warwick - Synthetix 1:27:06 Mike & Yano - Blockworks 1:44:16 Kevin Owocki - Gitcoin 1:59:19 Lucas Bruder - Jito
------ RESOURCES
Jesse Pollack - Base https://x.com/jessepollak
Jeremy Allaire - Circle https://x.com/jerallaire
Anatoly Yakovenko - Solana https://x.com/aeyakovenko
Stani Kulechove - Aave https://x.com/StaniKulechov
Kain Warwick - Synthetix https://x.com/kaiynne
Jason Yanowitz - Blockworks https://x.com/jasonyanowitz
Mike Ippolito - Blockworks https://x.com/MikeIppolito_
Kevin Owocki - Gitcoin https://x.com/owocki
Onchain Capital Allocation Handbook https://allobook.gitcoin.co/
Lucas Bruder - Jito https://www.linkedin.com/in/lucasbruder/
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
1 Billion Users Onchain | Jesse Pollak of Base
While it's still early in the race, Base is now one of Ethereum’s largest L2s.
In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.
We cover: - How Base plans to bring billions of users onchain - How Base is increasing its scale by 400x - How Coinbase is using Base to be more onchain - Onchain Summer II
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🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo
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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku
⚖️ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
------ TIMESTAMPS
0:00 Intro 4:41 Base’s First 8 Months 9:23 The Road to 1 Giga Gas Per Second 18:39 Why More Demand For Base? 21:26 Cost to Send Transactions on Base 23:59 Non-Ethereum DA Solution? 25:59 Scaling Via L3s on Base? 27:17 Parallelization Solution? 29:34 Will Base Make Transactions Free? 38:18 Coinbase's Relationship With Base 46:18 Base Is Centralized Critique 50:17 The Base Flywheel 57:46 Onchain Summer II 58:36 Next Target Demo to Come Onchain 1:00:42 Base Independence 1:02:19 1 Billion People Onchain 1:03:25 Closing & Disclosures
------ RESOURCES
Onchain Summer II https://www.base.org/
Jesse Pollak https://twitter.com/jessepollak
Jesse’s 1st Base Episode https://youtu.be/7dGU0_eEjq8
Coinbase https://twitter.com/coinbase
Base https://twitter.com/base
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
How Ethereum’s Dencun Upgrade Could Lead to the Rise of Millions of Layer 3s - Ep. 620
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Ethereum’s long-awaited Dencun upgrade finally went live this week, and many L2s immediately saw their transaction fees fall dramatically, as was the intention. Among them was the Coinbase-incubated Base, which was created by Jesse Pollak. Pollak joined Unchained to discuss the impact Dencun was having on Base; how he thinks Layer 1s and Layer 2s will start to differ from one another and eventually spawn a multitude of specialized Layer 3s; his response to criticisms of the increasing use of Layer 2s, what he’s focusing on now, and why he supports using the word “onchain” over “crypto” or “web3.”
Show highlights:
The problem that Dencun is trying to solve
The benefits of blobs and blobspace
How Dencun has already reduced Base’s fees, but also increased its transactions
How Jesse thinks Layer 1s and Layer 2s will start to become differentiated from each other
The rise of Layer 3s
How Jesse addresses criticisms of fragmentation and centralization arising from the increasing use of Layer 2s
Why Jesse is particularly excited about two features of the Dencun upgrade—transient storage and increased composability between L1s and L2s
What Jesse and the Base team are focusing on now
Why Jesse thinks that “onchain” is a better word to describe the industry than “crypto” or “blockchain” or “web3”
Thank you to our sponsors!
iTrustCapital
Polkadot
Uniswap
Guest
Jesse Pollak, creator of Base at Coinbase
Previous appearances:
The Chopping Block: All About That Base With Jesse Pollak
Links
Recent coverage on Unchained of the Dencun Upgrade and Base:
Dencun Day One: Ethereum Layer 2 Networks See Drastic Drop in Transaction Fees
Ethereum Completes Milestone Dencun Upgrade, Which Should Substantially Reduce Fees
How Much Will the Dencun Upgrade Really Reduce Ethereum Layer 2 Fees By?
Why Base’s Creator Thinks Social Apps Will Be a ‘Huge Part’ of the Layer 2 Blockchain’s Success
CoinDesk:
Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?
Jesse’s tweets on Dencun
October 2022
January 2024
March 13, 2024
Blobs / Proto-danksharding
EIP-4844 proposal
Blobs unleashed: Ethereum’s Dencun upgrade activates on mainnet
Base says it will support EIP-4844 from 'day 1' following Dencun upgrade
Ethereum stans are putting the Bee Movie on blobs for as little as $5
Superchain
Decentralizing Base with the OP Stack and Optimism
Base’s Commitment to Decentralization with the Superchain
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185 - The Superchain Explained with Jesse Pollak & Ben Jones
On today’s episode we brought on repeat Bankless guests, Ben Jones, Co-Founder of Optimism and Creator of Base, Jesse Pollock.
------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-superchain
----- Base! Coinbase’s Layer 2 has almost hit 1 million users in 2 weeks. It has more transactions per second than Ethereum mainnet. Jesse digs into the magnitude of this development. Base chain was built on Optimism’s tech stack. This is just 1 chain of many thousands we’ll see over the coming years. How do we tie them all together? Ben dives into all things Superchain. The Superchain is how we bring 1 billion people onchain.
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🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap
👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader
----- TIMESTAMPS
0:00 Intro 7:42 Base Launch Reflection 9:53 Optimism’s Reflection 11:35 Coinbase x Optimism Collaboration 17:14 OP Stack Incentives 23:43 Base’s Impressive Numbers 26:26 Explaining the Superchain 31:40 Why Join the Superchain? 33:55 The Law of Chains 45:26 The Coinbase Onchain Formula 51:15 Base Part of Optimism Governance 58:40 What About Other L2s? 1:04:56 Optimism Collective’s Fee 1:08:25 The Tech Behind the Superchain 1:13:34 Superchain Timeline 1:15:45 Fault Proofs 1:18:36 Risk Profile of Base 1:22:15 Optimism’s Governance Minimization 1:24:10 Wen Fault Proofs & Stages 1:30:00 How Many Clients Does Optimism Have? 1:33:36 Near Term Focus For Base 1:37:01 Near Term Focus For Optimism 1:38:27 Closing & Disclosures
----- RESOURCES
Jesse Pollock https://twitter.com/jessepollak
Ben Jones https://twitter.com/ben_chain
The Law of Chains https://gov.optimism.io/t/law-of-chains-v0-1-full-draft/6514
----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
The Chopping Block: All About That Base With Jesse Pollak - Ep. 535
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, Coinbase’s Jesse Pollak talks about the ambitious goals of Base, the new Optimism–based blockchain from the publicly traded crypto giant. With the viral success of Base-based Friend.Tech, Jesse discusses the Base team’s ambitious goals to onboard “a million builders, a billion users.” Is this the long-heralded path to scaling Ethereum?
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
why Jesse says it’s still “day one” for Base
the reason behind Base’s “one million developers, one billion users” slogan
what the advantages of Base are compared to other layer 2 blockchains
how Base accounts for the fact that it doesn’t have a token to incentivize developer activity
how MEV bots represent a big part of the transactions on Base, especially with the emergence of Friend.Tech
why Friend.Tech found early success despite being similar to previous efforts
Jesse’s response to the fact that fault proofs are not live on any of the OP Stack chains
how much of the revenue generated by Coinbase’s sequencer will be distributed to Optimism
whether Base and Optimism Mainnet compete with each other
how layer 2 chains are choosing different design paths and how that differentiates them
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Robert Leshner, founder of Compound
Tom Schmidt, general partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Guest
Jesse Pollak, lead contributor at Base
Disclosures
Links
Unchained: Coinbase Launches a New Layer 2 on Ethereum
CoinDesk: Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market
TechCrunch: Friend.tech hype is skyrocketing, but will it actually reach the stars?
Decrypt: Base Daily Transactions Outpace Ethereum on Friend.tech Frenzy
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Base: Coinbase's New Layer 2 Kicks Off
Jesse Pollak is the creator of Base, which is a Layer 2 scaling solution from Coinbase that launched last week.
Base has quickly become a trending topic this summer, attracting more than $200M of value in its short life. Coinbase is the world’s second-largest crypto centralized exchange by volume, and now it’s moving to the on-chain world, so it’s worth watching.
In our conversation, we dive into the origin story of Base, why opt for a Layer 2 and not start a new Layer 1, why go for Optimistic rollups, how Base is unique in the already crowded Layer 2 space, their decentralization road map and more.
Base: Decentralization Funding, Public Infrastructure, & Onchain Native Life | Jesse Pollak
In today's episode, Santi is joined by Jesse Pollak, a Base contributor. Base is an Ethereum Layer 2 (L2) chain incubating inside of Coinbase with plans to progressively decentralize the chain over time. They discuss Coinbase role in the ecosystem, account messaging & abstraction, privacy approach, and ecosystem growth trajectories.
- -
Follow Jesse: https://twitter.com/jessepollak
Follow Jason: https://twitter.com/JasonYanowitz
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Get top market insights and the latest in crypto news.
Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
- -
Timestamps:
(00:00) Base: High Level Overview
(07:08) Base Neutrality
(10:25) Base Bridging
(13:52) Base dApp Development
(19:15) Base Privacy Approach
(21:27) Permissionless Ad
(22:54) Base Value to Coinbase Revenue
(25:57) Coinbase Wallet Adoption
(30:32) User Incentives
(37:05) Onchain Identity
(41:25) Bald Meme Coin Season
(46:13) Real Consumer Experiences on Base
(48:44) Sequencer Decentralization
(51:53) Onchain Messaging
(58:42) USDC Importance
- -
Resources
Introducing Base
https://www.coinbase.com/blog/introducing-base
https://base.mirror.xyz/lt3JR-mZ51q9eIOtGO36L3ZVzCTXmZVnbIiXz6crqzQ
Onchain Summer
https://www.coinbase.com/blog/celebrate-onchain-summer-with-coinbase
Prop House
https://prop.house/base
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Coinbase's 'Base' Powering Layer 2 Summer
Today on the show we welcome back Jesse Pollak. Jesse is the Head of Protocols at Coinbase and the Creator of Base.
Base plays the important role of trailblazing the future of Layer 2's and doesn't let it's centralized parent get in the way of innovation. Can Base be the spark that kicks off "Layer 2 Summer"?
------ 🚀Join Ryan & David at Permissionless in September. Bankless Citizens get 30% off https://bankless.cc/GoToPermissionless
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🦊METAMASK PORTFOLIO | TRACK & MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
👾POLYGON | VALUE LAYER OF THE INTERNET https://polygon.technology/roadmap
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku
------ TIMESTAMPS
0:00 Intro 9:00 Public Perception of Base 10:12 Why is Base a Big Deal? 14:34 Investing in Decentralization 16:11 Trailblazing for an Entire Industry 20:52 A New Level Of Collaboration 23:41 Contributing Fees to Public Goods 30:46 Layer 2 Summer 35:17 Wen Mainnet? 42:07 Onchain vs On-Chain 45:07 Closings and Disclaimers
----- RESOURCES
Jesse Pollak https://jessepollak.com/
Build on Base https://base.org/
------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
EthCC Paris: Inside Coinbase’s plan to build an Ethereum Layer 2
This episode of The Scoop was recorded with Jesse Pollak, the creator Coinbase's Base network, live from the Ethereum Community Conference in Paris.
Outline:
00:44 Crypto 'builder energy'
03:09 The L1 trade
05:07 Coinbase's Ethereum Layer 2
06:45 Maturing beyond speculation
11:03 Technical obstacles to building
15:16 ZK vs. OP scaling solutions
How To Decentralize a Fortune 500 Company
This week on The Defiant podcast, Tegan Kline hosts Jesse Pollak, senior director of Engineering at Coinbase, Eva Beylin, the director of the Graph Foundation, and Ben Jones, the director of the Optimism Foundation, to give us a deep dive into the launch of Base, Coinbase's recently-launched Layer 2 blockchain.
Base is an Ethereum Layer two that offers a secure, low-cost, developer-friendly way for anyone anywhere to build decentralized applications.
In this episode, we talk about the evolution of Base from inside a Fortune 500 company, the importance of decentralized tools like the Graph and Optimism, and the importance of thinking positive sum, not zero-sum.
Jesse discusses decentralization inside a centralized company and how Coinbase plans to onboard millions of dapps and a billion users.
Thanking our podcast sponsors:
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This episode is brought to you by Orbs Layer-3. Trade DeFi like a pro using decentralized TWAP order type on SpookySwap, SpiritSwap, and Pangolin. Learn more: https://www.orbs.com/dtwap/
Coinbase Announces Base🔵, an Ethereum L2 Network Powered by Optimism
Jesse Pollock, Senior Director of Engineering at Coinbase, joins us to unpack some of the hottest news in crypto since The Merge!
Coinbase announces the launch of “Base,” their own L2 built on the OP Stack. Tune in to hear everything you need to know about Base!
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------ Topics Covered
0:00 Intro 7:53 Coinbase’s New Chain? 8:45 What is Base? 9:36 How is Base Different? 11:16 How Open is Base? 13:05 Why Now? 17:00 ETH L2 Philosophy 20:00 2nd Mover Advantage & Success Metric 22:26 Total Coinbase Users 25:15 How Base Will be Used By Coinbase Users 29:35 $COIN 31:13 Could Base Canoblize Coinbase? 32:35 Regulation 35:30 Base Token?! 40:26 Validator Set 39:10 Sequencer Power 40:53 Timeline 42:55 Basechain Vision 48:55 Why OP Stack? 52:57 Jesse as a Badge Member 54:47 Gas-Free Percentage 56:22 Superchain Vision 58:46 KGZ Ceremony 1:00:41 What Does Successful Base Look Like? 1:06:13 Closing & Disclaimers
------ Resources:
Jesse Pollak (jesse.xyz) https://twitter.com/jessepollak
Coinbase https://twitter.com/coinbase
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NEWS: Coinbase launches L2
Breaking News: Coinbase is launching an L2 on Ethereum called Base!
Jesse and Will from Coinbase join us to discuss the news and paradigm shift for Coinbase. We explore why Coinbase is building Base, how Coinbase chose to use the OP tech stack, Base's value proposition, how Coinbase thinks about "competition" building on Base, if Base will have a token and more!
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Timestamps:
(00:00) Introduction
(00:45) Base: Coinbase’s on-chain journey
(05:02) Why build Base?
(10:10) Leveraging the OP stack
(19:10) Why now?
(24:41) Base’s value proposition
(35:27) Controlling the stack
(41:10) Will Base have a token?
(44:05) Building a bridge, not an island
(46:54) What will Coinbase build on Base?
(51:05) What is Base’s business model?
(54:34) A culture shift and the on-chain future
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Resources
The Coinbase Secret Master Plan
https://www.coinbase.com/blog/the-coinbase-secret-master-plan
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
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