Jesse Pollak, the creator of the Ethereum layer-2 network Base, announced he is stepping back from leadership of the Base App, admitting his bet on social-driven crypto adoption was “definitively wrong.” In a post on X, Pollak stated that while the chain initially concentrated on creator apps, content, and messaging, the market for those services “disintegrated completely,” leaving Base trailing in key areas like prediction markets and perpetual futures (perps). According to Pollak, Base had developed perps and prediction market products, but they lagged behind more scaled competitors...

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