Base creator Jesse Pollak is stepping back from leadership after acknowledging he was incorrect about social experiences driving crypto adoption. He made a large bet on this concept through Base's social features and prediction markets.
Source
"Base Creator Stepping Down After Being 'Definitively Wrong' on Social Adoption" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
Pollak's admission comes as a significant blow to his project, which has been struggling with low user engagement. The failed prediction has left the app trailing in terms of market performance.