Base creator Jesse Pollak says he is stepping back from leadership of the Base App after acknowledging that his bet on “on-chain social” has not delivered the results the network expected. In statements reported by Decrypt and Cointelegraph, Pollak says he is handing the Base App back to Coinbase. He frames the change as allowing him to focus on broader development goals for Base, including building the network into “the blockchain for global finance.” Both outlets report that Pollak characterizes his earlier position on using social experiences to drive crypto adoption as incorrect, describing it as “definitively wrong.” Cointelegraph adds that Base’s social push left the network trailing in areas such as prediction markets and perps, referencing performance outcomes tied to that strategy. Decrypt emphasizes Pollak’s admission that the on-chain social push missed the mark and links his leadership change to that assessment. Across reports, the key points are Pollak’s admission of misjudgment, his decision to step back from the app’s leadership role, and the stated transfer of the Base App’s oversight to Coinbase.