The person in charge of the Coinbase agreement: or no longer transaction-centric, the launch of Base is to invest in the \”platform\”

According to reports, at ETH Denver in Denver of Ethereum, Jesse Pollak, the head of the Coinbase agreement, said that in the past ten years, Coinbase has always been transaction-centric, and product innovation may not be the first priority, but now the company aims to change this situation. The launch of Base is actually an investment in \”creating a platform\”, so that developers can better build useful products.

Interpretation of this information:

In a recent event at ETH Denver in Denver of Ethereum, Jesse Pollak, the head of Coinbase agreement, made some insightful comments regarding the company’s priorities. Pollak mentioned that Coinbase, in its past ten years of operation, has always been transaction-centric, which means that the company has been focusing more on making transactions easier for its users as opposed to investing in and developing new and innovative products. However, Pollak also highlighted that Coinbase has now set its sights on changing this status quo.

The company’s recently launched product, Base, is viewed as an investment in the future of the company, a commitment to creating a platform that allows developers to build useful products and services. This shift in focus from transaction-centricity to product innovation is indicative of the changing times and the direction the market is taking. In today’s business environment, there is a growing emphasis on creating products that can solve real-world problems.

Coinbase’s move to develop a platform for developers is a strategic move that can help the company set itself apart from its competitors. The platform is intended to be a space where developers can create various products tailored to the needs of users. This move sets Coinbase apart from many other companies in the cryptocurrency space that have focused on making it easier for users to buy and sell cryptocurrencies with minimal emphasis on product innovation.

One possible way for Coinbase to achieve its goal of creating a platform that allows developers to build useful products is through strategic partnerships. Coinbase could seek partnerships with startups or existing companies that are already developing innovative solutions that could be integrated into the platform. By bringing in these third-party companies, Coinbase could provide its users with a wider range of products and services that cater to their needs.

In conclusion, Coinbase’s decision to shift its focus from transaction-centricity to product innovation is a welcome move that is likely to pay off in the long term. The company’s investment in Base is a positive sign that it is committed to creating a platform that is both useful and innovative. If handled correctly, this platform could become instrumental in providing users with a broad range of products and services that cater to their needs.