Creator of layer 2 blockchain Base, Jesse Pollak has joined the executive team at Coinbase as engineering vice president while also leading Coinbase Wallet.
Jesse Pollak announced on his X account on Oct. 1, that he will be leading Coinbase Wallet and joining its eight-member executive team in addition to leading Base (BASE).
He stated that Base and Coinbase share the same ânorth starâ and by bringing the relationship closer, it would make it easier for the two entities to achieve their common goal. which is to make it âdead simple for the world to come onchain.â
âIâm really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders onchain,â Pollak wrote in his post.
hey everyone â some news: in addition to leading the @base team, iâll be stepping up to lead @coinbasewallet and joining the @coinbase exec team. iâm really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million buildersâŠ
â jesse.base.eth (@jessepollak) September 30, 2024
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In his post, Jesse assures that Base will continue to uphold its core values of being a fully decentralized open source protocol âfor everyoneâ. Moreover, he will be incorporating those same democratic values to the work he will be doing with the Coinbase Wallet team.
Many industry players and analysts congratulated Pollak on the promotion and viewed it as a positive development for both entities. Pseudonymous crypto analyst Altcoin Psycho stated on X that Coinbase appointing Jesse Pollak gives him optimism for more mainstream adoption of crypto.
the end game to merge the offchain & onchain UX/UI by leveraging Base, CB advanced, & coinbase wallet makes me so optimistic on mass adoptionhuge congrats to @jessepollak on becoming Coinbase's newest exec, can't think of a more deserving person https://t.co/ZBHABHZ10Y
â Psycho (@AltcoinPsycho) September 30, 2024
According to a post by President and Chief Operating Officer of Coinbase, Emillie Choi, Coinbaseâs previous engineering vice president Manish Gupta left Coinbase in order to âstart a new chapter.â Pollak will be taking over Guptaâs role as engineering vice president.
Previously, Jesse Pollak led Coinbaseâs consumer and retail engineering teams from January 2018 to September 2021. He was also involved in the creation of Coinbase Pro and Coinbase Wallet.
On Aug. 9, 2023, Coinbase launched Base, calling it a new layer-2 blockchain network. The protocol was built to enhance Ethereumâs capacity for decentralized applications, improve user interfaces, and reduce transaction costs.
According to data on L2Beat, Baseâs total value locked has managed to surpass $7.2 billion.
Read more: What is Base? Unpacking Coinbaseâs new layer-2 network and its impact