The creator of the popular second-tier Base network, Jesse Pollack, has officially admitted the complete mistake of his previous strategy. For a long time, he sincerely believed that social services would attract a billion new users to the industry. However, this extremely ambitious approach completely failed already in the first quarter of 2000. The ecosystem of many popular projects like Farcaster and Zora simply could not withstand the harsh market pressure and collapsed. The founder honestly stated that social tokens and various content initiatives turned out to be completely unviable. Now he is radically changing the vector of development of his brainchild, publicly acknowledging this bitter truth. Prediction markets and perpetual futures have shown completely different and much more impressive growth results. Local network applications such as Avantis and Limitless are relentlessly losing to their main and experienced competitors. Even Coinbase CEO Brian Armstrong publicly agreed with this very disappointing conclusion. The bet on a special infrastructure for content creators simply did not justify the high hopes placed on it.

Now the Base network will fully focus on the development of global finance and serious technological solutions. The main priorities will be the trading of tokenized real assets and fast payments in stablecoins. The project openly plans to compete fiercely with financial giants such as Robinhood and Stripe. In July, the development team successfully launched the new and important B20 standard on its network. It is great for securely issuing stablecoins, RWAs, and other interchangeable tokens. The engineers also implemented an extremely useful tool called Base MCP to improve the functionality. This advanced technology allows AI agents to independently perform real transactions right inside the network. Previously, the network completely abandoned the old Optimism stack in favor of its own unique architecture. The integration of modern ZK proofs from Succinct Labs has significantly accelerated the finalizing of all user transactions. This important update has significantly increased the overall security and throughput of the entire blockchain system.

The management of the main Base application will now officially be transferred to the professional team of Coinbase. Jordan Fish, an experienced crypto investor, will personally lead this complex and important process. In the near future, the service will become a full-fledged and open multi-blockchain platform for all users. It will definitely go beyond the current closed and limited ecosystem for the sake of scaling. This strategic decision will help the project attract a completely new and paying audience. The cryptocurrency industry is constantly changing and requires developers to adapt as quickly as possible. The previous mistake with social media has become a very valuable and important lesson for the team. Now the project is confidently moving towards serious finances and practical innovations. Users are looking forward to new and really working financial solutions from the network. Success will depend on the team's ability to fulfill its stated ambitious plans on time.