Base has finally released its 2026 Mission, Vision, and Strategy, especially at this stage of the bear market. Actually, most of the directions mentioned are familiar Base themes: bringing more assets, builders, and users onchain, scaling stablecoins and payments, etc. But the reason these points keep being repeated is that crypto as a whole is gradually converging around these core narratives: everything onchain, and crypto becoming the settlement layer for a new global economy. Stocks, RWAs, and all kinds of tokenized assets clearly represent a massive market opportunity. also the stablecoin economy remains the most certain growth direction in crypto today, which is why Brian has been consistently fighting for it in Congress. And now, stablecoins are increasingly being described as the native currency of autonomous agents. So what I personally care about even more is this: what role will Base play in the AI era? That’s why I’m glad to see Base clearly emphasize “Upgrade the chain for agents”, a direction that fully leverages its strengths. From agent-native smart accounts, agent-facing docs, CLI + MCP access, and payment standards like x402 (while ERC-8004 and ERC-8183 are already playing important roles in the Base agentic economy), all of this will further strengthen Base’s position as the “onchain home for agents”. This is still a difficult stage for crypto. Market sentiment, liquidity, and builder confidence have yet to fully recover. As an industry leader, Coinbase / Base has a responsibility to bring confidence back into the space. What’s encouraging is that Base still has the ambition to help build a global economy while continuing to place strong emphasis on builders and communities around the world. Hopefully the next wave of talented builders can once again surprise everyone on Base. Looking forward to “We will win together” again.
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Give me a time machine, I want to go back to this day in 2024.
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The Sora app has been shut down. Early on, there was even talk that it might become the next TikTok. In Feb, Sora had around 21.93 million MAU (ChatGPT has 500M), which is obviously still a long way from TikTok’s 1 billion MAUs. That said, its performance wasn’t actually bad for an AI product. It ranked 52nd among all AI products, ahead of Manus and just behind Moltbook (if bot users are included). In the video generation category, it even ranked #1. Despite this, it was still shut down. likely because it consumed enormous amounts of compute while generating little revenue. The company probably decided it needed to focus its resources on LLMs to better compete with rivals like Anthropic. So in that sense, we probably should cut Farcaster some slack. “Building new retentive social networks is still hard”, no matter the reason.
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