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Coinbase-incubated (NASDAQ:COIN) Ethereum Layer 2 Base is “exploring” the launch of a native token after denying any plans of doing so for years, according to Coinbase Head of Protocols Jesse Pollak.

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“We’re going to be exploring a network token for base,” Pollak said Monday at a Base-hosted event.

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Pollak suggested that the Base team has shifted its stance to pursue greater decentralization, align economic incentives and “unlock new systems.”

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“I will be upfront with y’all, it’s early,” Pollak said, stressing that the team behind the protocol had yet to figure out all the details….