JUST IN: Base founder Jesse Pollak steps back from app leadership after admitting his social bet "was wrong" Pollak said Base's bets on Farcaster, Zora, miniapps, and creator coins "disintegrated completely" in Q1 2026 and called the experience "a punch in the face." Cobie will now lead the Base app after Coinbase acquired his launchpad Echo for $375 MILLION. Pollak says "I am now focused on bringing a billion people onchain just by making global finance actually work."(Coin Bureau)