Coinbase’s Jesse Pollak, creator of the Base blockchain and head of Coinbase Wallet, recently shared his insights on India’s growing Web3 landscape and the future of Base. He praised Indian developers for their sophistication and passion in contributing to the global blockchain ecosystem.
Pollak identified two key opportunities for India’s Web3 sector:
- On-chain micro-lending and credit: He believes that tokenization of assets, on-chain identity credentials, and updating legacy systems can unlock access to credit and lending facilities, which are currently limited in India’s Web3 space.
- Cross-border payments: Pollak highlighted the potential of blockchain technology to revolutionize cross-border payments, making them faster and more affordable compared to traditional methods.
Base Blockchain: Towards Decentralization
Pollak also discussed the roadmap for Base, Coinbase’s Layer-2 blockchain built on Ethereum. He emphasized the importance of decentralization for Base, stating that it will be crucial for enabling a global, open, and accessible on-chain economy.
Key Focus Areas for 2025
Pollak outlined two key priorities for Base in 2025:
- Simplified Wallet Access: Making it easier for users, even those with no prior experience, to access and use blockchain wallets.
- Expanding Currency Support: Bringing more local currencies onto the Base blockchain to facilitate wider adoption and participation in the on-chain economy.
Pollak’s insights highlight the growing importance of India in the global Web3 landscape and the potential for blockchain technology to address key challenges and unlock new opportunities in the country. His vision for Base underscores the commitment to decentralization and accessibility, paving the way for a more inclusive and interconnected on-chain economy.