Ryan Sean Adams

This almost looks like a pumped off fun style meme coin trend type of market.

I haven't fully dug into what this is, but it is notable that it's on Solana rather than BASE.

Are base people feeling betrayed?

Well, it's interesting.

Zora is pivoting more towards Solana in some ways, which is a user base that just loves this stuff, right?

But at the same time, Coinbase is kind of pivoting away from Zora and trader economy activity.

We've been talking about the Coinbase wallet future

This was a coin shareholder that said, I'm deeply concerned about how the base app was marketed and executed.

And he's talking about the previous paradigm where it was sort of a creator social app experiment, like Farcaster meets Zora, and that was all embedded in the base app.

Yeah.

Yes, you know, Web3, social, all of that.

Coinbase has since pivoted, and the new update of the wallet is a little bit different.

Brian Armstrong actually responded to this purported shareholder.

He said, if you want to fire someone, I'll take ownership if you want to fire someone.

This is all in the rearview mirror.

What we are focusing now on is a self-custody wallet.

So he's basically saying the plan is to take everything that has been in Coinbase and done in a custodial way and move that into the base app and provide a way to do this in a self-custody type basis.

And that was kind of what Hayden Adams was getting at here.

He said, base app is now focused on being the self-custodial version of Coinbase.

He took that quote from Brian Armstrong and he said he really liked that.