apologizes – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 20 Apr 2025 00:45:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 apologizes – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Base creator Jesse Pollak apologizes for sharing provocative GIF after latest backlash https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/ https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/#respond Sun, 20 Apr 2025 00:45:57 +0000 https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/

Jesse Pollak, the creator of Coinbase-backed Base, an Ethereum layer 2 network, conceded he made a “mistake” by sharing a GIF containing controversial words in an X post.

Pollak had shared a GIF that played on the tagline of Base: Base is for everyone. It featured a rotating sequence of terms under the phrase “Base is for…” Some of these terms were neutral, like “art,” “minting,” and “great ideas.” However, the sequence also contained controversial terms like “pimping” and “squirting.”

Pollak clarified that he or the Base marketing team was not involved in the creation of the GIF. He explained that it was developed by a creator he “wanted to support.” But he admitted that it was a wrong move, especially highlighting the phrase “Base is for pimping”:

“… I’ll own this was a mistake and apologize. I’m sorry… the messages I share matter, especially when they look and feel like a direct message from me.”

Apology follows strong community backlash

Pollak continued to promote the creator of the GIF after publishing it. In an X post, he wrote: “buy the coin from @Wizard_Kin.” The GIF creator goes by Wizard_Kin on X.

Pollak reposted the above message in various endorsement messages in response to users. When an X user shared a snapshot of “Base is for squirting,” Pollak replied, “seems provocative – let the artists cook.” He then proceeded to endorse the GIF creator, asking the user to “support the artist.”

In another post, he wrote “art is provocative” and attached his previous post endorsing Wizard_Kin.

However, strong criticisms started to surface quickly. Many X users, including those in the crypto community, found the GIF to be vulgar, offensive, and inappropriate. Crypto commentator David Z. Morris wrote in an X post:

“the specific allusion to sex trafficking (not “sex work,” pimping is pretty fundamentally exploitation) is specifically bad for a sector that needs to advance the narrative that open finance is a net social positive.”

Morris added that the allusion “doesn’t just hurt Base, it hurts crypto.”

The pseudonymous founder of Kanto Labs, AshRobin, called the incident “an absolute PR nightmare.” Crypto commentator Kristel noted that the controversial GIF portraying offensive words “isn’t provocative and ‘edgy’” but “stupid.”

Apology evokes a mixed response

Pollak’s apology evoked a mix of responses from the community. Some praised Pollak for his honesty and transparency.

“Love the honesty. We all make mistakes, but it’s about how we grow from them,” crypto commentator Zuri wrote in an X post. Bankless co-founder David Hoffman responded to Pollak’s apology with: “I respect the leadership here.”

However, some crypto community members suggested that there was no need for Pollak to apologize. Milk Road co-founder Kyle Reidhead, for instance, said: “Do and share whatever you want without apology.”

Second controversy in a week

The GIF was the second controversy surrounding Base and Pollak in a week. The previous controversy started with Base sharing a tokenized version of its “Base is for Everyone” post on Zora via X. Zora is a decentralized content-sharing platform that automatically tokenizes all posted content.

Zora clearly stated in a disclaimer that the Base is for Everyone token is not associated with either Base or Coinbase. It also warned investors not to expect returns.

Despite the warnings, investors started trading the token, causing its market cap to soar to $17 million an hour after launch. In less than half an hour, however, the market cap crashed by around 95% to $1.9 million, according to data from DEX Screener. Multiple analysts and users then claimed there were signs of market manipulation and accused Base of doing a rug pull.

Base has earned over $94,000 from the tokenized post on Zora. Previously, Base said that it does not intend to ever sell these tokens. Pollak claimed that Base is for Everyone is not a memecoin but a ‘Content Coin.’ Many, however, were not convinced and believed the token to be a memecoin with no purpose.

In his latest apology post, Pollak continued to defend the concept of content coins. He elaborated that Base has started coining its content on Zora as a way to expand the use-cases of tokens. He added that coining content was a “powerful tool” to pave the path for creators to “earn from their creativity.”

Pollak said that he expected the pushback from the community since Base is trying to shake up the status quo, adding:

“I can’t predict the future, but I hope that we’ll continue to see folks look at the technology with clear eyes and see how we can use it to bring more people onchain.”

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Solana co-founder apologizes for controversial ad targeting marginalized groups https://earlybirdsinvest.com/solana-co-founder-apologizes-for-controversial-ad-targeting-marginalized-groups/ https://earlybirdsinvest.com/solana-co-founder-apologizes-for-controversial-ad-targeting-marginalized-groups/#respond Thu, 20 Mar 2025 00:09:36 +0000 https://earlybirdsinvest.com/solana-co-founder-apologizes-for-controversial-ad-targeting-marginalized-groups/

Solana Labs co-founder Anatoly Yakovenko said he is “ashamed” about downplaying the impact of a recent Solana Foundation advertisement, calling it “mean and punching down on a marginalized group.”

Yakovenko made the statement in a social media post on March 19 and expressed gratitude to those in the Solana (SOL) ecosystem who called it out immediately.

He said:

“I am grateful for the ecosystem devs and artists that immediately called it what it is both publicly and privately. You are the only silver lining to this whole mess.”

He further committed to ensuring that the Solana Foundation remains focused on its core mission of decentralization and open-source software development rather than engaging in cultural debates. 

His response signals an effort to realign the foundation’s priorities and address community concerns.

Controversial ad sparks backlash

The Solana Foundation faced significant criticism following the release of a promotional video titled “America is Back — Time to Accelerate.”

The ad, posted on March 17, depicted the US as a man in therapy who struggles to focus on technological advancements like crypto and space travel due to societal discussions on pronouns and gender identity.

However, the ad was widely condemned for injecting political discourse into the crypto space.

Andrew Thurman of the Jito Foundation, the entity behind the largest project by total value locked on Solana, emphasized the importance of neutrality in blockchain projects.

After facing mounting criticism, the Solana Foundation deleted the video within nine hours of its release. However, by that time, it had already garnered over one million views.

Following the backlash, Solana Foundation Vice President of Technology Matt Sorg clarified that only a few individuals were involved in the ad’s production. He responded to concerns from Cinneamhain Ventures partner Adam Cochran, who questioned how the ad could have passed multiple stages of approval without objections.

Cochran further noted that transgender developers have significantly advanced open-source cryptography and security software, arguing that the ad failed to recognize the industry’s history of meritocratic contributions.

Sorg explained that most of the production process had been outsourced to external teams and clarified that the ad did not represent the Solana community.

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