Jesse Pollak, the team lead for the Base project, has joined Coinbase’s executive team while continuing to oversee both Base and Coinbase Wallet.
Jesse Pollak's New Appointment
Jesse Pollak, the team lead for the Ethereum Layer 2 project Base, has taken on a new role within Coinbase’s executive team. Pollak will continue to lead the Base project while also heading Coinbase Wallet, aiming to increase the accessibility of blockchain technology.
Main Tasks and Objectives
In his recent social media post, Pollak explained that his leadership of Base and Coinbase Wallet is a deliberate strategy aimed at simplifying the process of bringing users on-chain and connecting them to the decentralized economy. He emphasized the importance of working closely together to achieve this goal. > *“Now, we’ll be able to work more closely to make this happen,”* Pollak remarked. Pollak also reassured that the Base project will remain true to its core principles of decentralization and openness. > *“Base will remain committed to being inclusive, serving as a bridge rather than an island, and staying decentralized and open source,”* he added. Coinbase Wallet will continue its mission to integrate with the broader on-chain ecosystem, strengthening collaboration between teams.
Community Reaction and Future Plans
Many industry experts and analysts congratulated Pollak on his new role and highlighted the potential this step holds for both Base and Coinbase Wallet. Pseudonymous crypto analyst Altcoin Psycho expressed optimism, stating that Pollak’s appointment could lead to greater mainstream adoption of cryptocurrency. Meanwhile, Coinbase’s President and Chief Operating Officer, Emilie Choi, shared that Manish Gupta, the former vice president of engineering, had left the company. Pollak will be stepping into Gupta’s role as engineering vice president. Pollak previously led Coinbase’s consumer and retail engineering teams from January 2018 to September 2021, playing a key role in developing Coinbase Pro and Coinbase Wallet. This appointment follows Coinbase’s recent launch of Coinbase Wrapped Bitcoin (cbBTC), an ERC-20 token fully backed by Bitcoin at a 1:1 ratio. cbBTC allows millions of Coinbase users to securely access Ethereum-based financial applications using Bitcoin, and it also supports instant, low-cost payments via the Lightning Network.
Jesse Pollak's new role in Coinbase’s executive team represents a significant step for the company and could further the development and adoption of blockchain technology.
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