Deniz 
Leading developer behind the Coinbase-incubated Ethereum Layer 2 network Base, Jesse Pollak is stepping up to oversee the web3 Coinbase Wallet of the crypto exchange.
Aiming to make it easy for customers to go onchain and link to web3 apps across the ecosystem, Pollak stated late Monday that Base and Coinbase Wallet “share the same north star”. Working even more closely with the wallet team and continuing to lead the Base team excites him, he remarked. “We will be able to cooperate more closely now to enable this.”
The Coinbase protocols lead said, “Base will continue to uphold its core values of being for everyone, a bridge not an island, and decentralized and open source. Coinbase Wallet will continue to work across the entire onchain economy; we will start the work of embodying the other Base values in even more ways,” he said.
Launched in August 2023, Base is an optimistic roll-up that reduces costs by processing transactions off the main Ethereum blockchain and only occasionally releases transaction data on-chain, hence boosting throughput. Base’s total value locked last week passed $2 billion for the first time, ranking second among all the optimistic roll-ups by deposits following Arbitrum.
Originally known as Toshi when it first debuted in 2017, Coinbase Wallet is a non-custodial crypto wallet enabling customers handle and keep their digital assets on their own. Originally concentrated on the Ethereum environment, it has lately grown to include Bitcoin, Solana, and BNB Chain among several blockchain systems.
Additionally joining Coinbase’s executive team is Pollak, who confirmed on Monday. “I’m really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders onchain,” he stated.
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