FYI - For Your Innovation Coinbase’s On-Chain Strategy with Jesse Pollak
Aug 1, 2024
In this engaging conversation, Jesse Pollak, the visionary behind Coinbase's Layer 2 solution Base, shares his journey from setbacks to success. He highlights how Base aims to redefine Coinbase's model and enhance the on-chain economy. Pollak delves into the technological innovations powering Base and the strategic partnership with Optimism. Listeners will gain insights into the role of decentralization, the economic model driving Coinbase's on-chain strategy, and predictions for the explosive growth of on-chain applications.
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Coinbase's On-Chain Transformation
- Coinbase aims to transform its core business by fully embracing blockchain tech to build an open global economy.
- They see Base as upgrading traditional financial infrastructure to a new software-driven global economy.
Key On-Chain User Entry Points
- Coinbase Wallet and USDC act as critical entry points for users transitioning to on-chain utility.
- The upcoming Coinbase smart wallet will remove key barriers like seed phrase management and gas fees.
On-Chain Presence is Inevitable
- Everyone will need a blockchain presence in the future; some on sovereign chains, others in shared economies like Base.
- This on-chain shift will be akin to enterprises adopting the internet in the 2000s.