Jesse Pollak, the creator of the Ethereum layer 2 blockchain Base, has announced his new role in Coinbase leadership as he takes charge of Coinbase Wallet—a strategic move that industry experts believe could significantly enhance the crypto user experience.
Pollak will continue to lead the Base team while fostering a closer relationship between Base and Coinbase Wallet, aiming to simplify the process for users to engage with blockchain technology.
Recently appointed to Coinbase's eight-member executive team, Pollak emphasized that Coinbase Wallet—a non-custodial wallet supporting hundreds of thousands of coins and thousands of decentralised applications (dApps) across multiple blockchains—will maintain its commitment to serving the entire blockchain ecosystem.
This includes support for major networks like Bitcoin, Ethereum, Avalanche, BNB Chain, and Fantom Opera, all in pursuit of the goal to bring billions of users onchain.
Pollak's new position follows the departure of Coinbase's engineering vice president, Manish Gupta, as noted by the firm's president and COO, Emilie Choi.
It’s been an honor to work with @manish_cb, head of platform, for the past four years. He’s decided to move on to take some well deserved time to recharge before starting his next chapter, but @coinbase is all the stronger because of his contributions. Thank you, Manish 🙏 pic.twitter.com/iKhOUf9OrI
— Emilie Choi 🛡️ (@emiliemc) October 1, 2024Sponsored Business Content
Industry experts speculate that Pollak's efforts with Base and now Coinbase Wallet could significantly enhance a crucial factor that has hindered cryptocurrency adoption: user experience (UX).
Jacob Horne, a founder at media-focused blockchain Zora, said:
“A cohesive pairing of Coinbase Wallet and Base likely means a level up of the overall UX of the industry.”
Notably, pseudonymous crypto analyst Altcoin Psycho shared his enthusiasm with his 505,000 followers on X (formerly known as Twitter):
“The ultimate goal of merging offchain and onchain UX/UI by leveraging Base, Coinbase Advanced, and Coinbase Wallet fills me with optimism for mass adoption.”
Explore Grayscale's significant move of transferring 4,000 BTC to Coinbase Prime for ETF redemption activities. Understand the implications of this major transaction for the cryptocurrency market, Grayscale's strategy, and the future of Bitcoin ETFs
BrianRecommended reading this evening: 1. A comprehensive review of the progress of major zkEVM projects in 2023; 2. Outlier Ventures: Challenges and opportunities in the encryption industry in 2024; 3. Varian: Two stories of cryptocurrency—speculation and decentralization;
JinseFinanceThe messaging feature will support the 1.3 million Ethereum addresses using the wallet that are human-readable and/or ENS-enabled.
nftnowCoinbase has announced a product called Wallet-as-a-Service (WaaS), designed to let companies build web3 experiences that have simple wallet onboarding.
TheBlock
Coinlive As per the details from a tweet thread by Coinbase, iOS users will be unable to send NFTs from their wallets on iOS devices anymore.
OthersThe U.S. Securities and Exchange Commission (SEC) will announce its decision on the Bitcoin-linked spot Exchanged Traded Funds (ETFs) proposals ...
BitcoinistCoinbase is rapidly expanding its product line this month, and some users can now access DeFi and other DApps on Ethereum through the Coinbase app.
CointelegraphCoinbase added wallet support for SOL and Solana-based tokens, and said it will also support NFTs and dApps on the blockchain in the future.
Cointelegraph“I am all for hope and am a big believer in quantum computing as a potentially disruptive technology,” said Sankar Das Sarma, but quantum computers are nowhere near being close to cracking crypto.
Cointelegraph
