Base creator Jesse Pollak joins Coinbase exec team

Jesse Pollak, creator of Layer 2 blockchain Base, has joined the management team at Coinbase as vice president of engineering while also leading Coinbase Wallet.

Jesse Pollak announced on October 1 that he will be managing the Coinbase Wallet at account X, joining the eight-member executive team in addition to leading Base (BASE).

He noted that Base and Coinbase share the same “north star” and that bringing the relationship closer will make it easier for the two organizations to achieve their common goals. which makes “the fettering of the world infinitely simpler.”

“I am truly excited to take on this new challenge and accelerate our mission to connect a billion people and a million builders,” Pollak wrote in his post.

hello everyone – some news: besides leadership @basis team, I will step up to lead @coinbasewallet and join @coinbase executive team.

I am truly excited to take on this new role and accelerate our mission to connect one billion people and one million builders…

— jesse.base.eth (@jessepollak) September 30, 2024

In his post, Jesse assures that Base will continue to uphold its core values ​​of being a fully decentralized open source protocol “for everyone.” Moreover, it will include the same democratic values ​​in its work with the Coinbase Wallet team.

Many industry players and analysts congratulated Pollak on the promotion, viewing it as a positive development for both organizations. Pseudonymous crypto analyst Altcoin Psycho noted that Coinbase’s appointment of Jesse Pollak at X gives him optimism for more widespread crypto adoption.

The end game of combining offchain and onchain UX/UI leveraging Base, CB advanced and coinbase wallet makes me very optimistic about mass adoption

very big congratulations @jessepollak As Coinbase’s newest executive, I can’t think of anyone more deserving. https://t.co/ZBHABHZ10Y

— Psycho (@AltcoinPsycho) September 30, 2024

Coinbase’s previous vice president of engineering, Manish Gupta, has left Coinbase to “start a new chapter,” according to a post from Coinbase President and Chief Operating Officer Emillie Choi. Pollak will take over Gupta’s role as vice president of engineering.

Jesse Pollak previously led Coinbase’s 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 August 9, 2023, Coinbase launched Base, calling it a new layer-2 blockchain network. The protocol was created to increase Ethereum’s capacity for decentralized applications, improve user interfaces, and reduce transaction costs.

According to L2Beat data, Base’s total locked value managed to exceed $7.2 billion.