Woofun AI reports that Base founder Jesse Pollak acknowledged betting on on-chain native social was a mistake, citing the failure of Farcaster, Zora, Miniapps, and creator coins to drive core crypto adoption. Consequently, Base has lagged competitors in perpetual contracts, prediction markets, tokenization, and payments. Pollak stated that Base will reposition as the "blockchain for global finance," focusing on trading, payments, and AI agents in 2026.

Trading efforts will target tokenized stocks, Meme coins, and application tokens, while payments will utilize global stablecoins for individuals and businesses. AI agents will treat cryptocurrency as native money for the future machine economy. The Base application will be returned to the Coinbase team under Cobie’s leadership, potentially expanding beyond the Base ecosystem. Base will continue supporting developers via Base Layer, Base Batches, the ecosystem fund, and Coinbase distribution resources.