Jesse Pollak, the man behind the Layer 2 blockchain Base, is the new head of the Coinbase Wallet. The role change will have Pollak reporting directly to Coinbase’s executive team, where he will enhance his insight into blockchain development to enhance the functionality of Coinbase’s wallet. Instead of creating more complicated methods for users to engage onchain products worldwide, he will focus on making them easier to use.
Pollak expressed his excitement on the X platform, stating that his goal is to bring Coinbase Wallet and Base closer together. He emphasized that both platforms aim to make onchain interactions easier and more accessible to users. Pollak also affirmed that Base would maintain its core values of inclusivity, decentralization, and open-source development and that he plans to incorporate these principles into Coinbase Wallet under his leadership.
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Strategic Vision for Coinbase Wallet
In terms of strategic focus, Pollak will be improving Coinbase Wallet for users in terms of Base’s overall vision. Users have shown increased interest in Coinbase Wallet within the last few months as the company climbed from 99th to 79th in Apple Store’s free finance app list between September and October. Founded in 2017 as an application for mobile self-custody wallet, Coinbase enriched its app in 2021, introducing a desktop application as a Chrome extension.
This product has essential news about Pollak’s contribution to Base, which has become a protocol worth $2.2 billion in total value locked (TVL). Base launched an option to wrap Bitcoin into the Ethereum blockchain in mid-August, making using the original cryptocurrency in Ethereum-based DeFi protocols easier. This move intends to encourage Bitcoin adoption as collateral within the DeFi sphere, thus using BTC in the broader onchain economy.
In addition to these developments, Coinbase also made headlines for completing its first cryptocurrency transaction between two artificial intelligence agents. CEO Brian Armstrong announced on X that one AI agent successfully used crypto tokens to purchase “AI tokens” from another, demonstrating the potential for AI-driven transactions within the cryptocurrency space. Pollak’s new role is expected to foster further innovation and alignment between Base and Coinbase Wallet, creating a unified approach to advancing onchain products and services.
Also Read: Coinbase Files Lawsuit Against SEC and FDIC Over Crypto Industry Crackdown
