According to The Defiant, Coinbase CEO Brian Armstrong acknowledged the failure of the Base network creator token strategy on the X platform and stated that the network had undergone a turnaround earlier this year. Brian Armstrong replied to the user that the relevant strategy was not effective, and the team has made mistakes and made adjustments. The ZORA token of Zora, the creator token core platform promoted by Base, has fallen by about 95% from its historical high in August last year, and its market value has shrunk from about $800 million to about $30 million.