Base Co-creation: The challenge of tokenization is to provide exposure to early builders without creating negative market incentives

Foresight News reports that Jesse Pollak, co-founder of Base, tweeted that the challenge of tokenization lies in providing exposure to early and emerging builders without creating negative market incentives. This exposure is crucial for new builders to receive feedback, optimize products, and achieve breakthroughs. The methods are becoming increasingly complex. However, tokenization also brings negative externalities to early projects: PVP price competition, risks from anonymous developers, and a fast-paced high-pressure environment, which impact innovation.

Jesse Pollak emphasized, “Both extreme approaches seem to involve significant trade-offs: full laissez-faire (the market degenerates into pure player battles, malicious price manipulators run rampant, stifling innovation), and complete suppression (new builders find it hard to stand out, innovation stagnates, new growth is limited, and existing local optima are hard to break through). I haven’t found an answer yet, but it seems the solution lies in the middle ground. We should explore how to use new tools like smart contracts to build systems that better address this challenge.”

Additionally, Jesse Pollak commented on the Clawnch project, saying, “They are completely anonymous, I don’t even know who they are. The reason I pay attention to them is because I think what they are developing is very cool, but the risk of complete anonymity does exist.”