Exasperated Time.fun creator criticizes Base’s X profile for endorsing AI-generated Grok token while overlooking their developments.
In this latest episode of blockchain drama, 0xKawz, the creator of Time.fun, has publicly called out the layer-2 network Base for endorsing a memecoin while neglecting the work done on their own project. The controversy arises from a recent post on Base’s X account, which highlighted GrokCoin, a memecoin associated with Elon Musk’s AI chatbot Grok, but ignored Time.fun entirely.
In a March 10 update on X, Base praised Bankrbot, a portfolio management protocol based on their network, mentioning that the Grok chatbot had “launched a token on Base” and that its AI-managed wallet was “already stacking fees” exceeding $200,000.
“[…] why is this significant? AI is controlling wallets, creating markets, and generating revenue. welcome to the future.”
Base
0xKawz expressed disappointment at Base’s vigorous support for GrokCoin, especially since, according to them, Base had disregarded Time.fun for several months. They raised questions about Base’s tendency to endorse “shitposters” who “convinced Grok to vaguely provide token details and launch a token.”
“I spent months developing an app on Base and could never get the @base account to acknowledge the product. A few shitposters managed to convince Grok to briefly share token details and launch a token, which gets extensive coverage while farming degens with no practical use. ‘welcome to the future’ seems to be a tactic by shitposters to trick an AI into providing a ticker and name. unbelievable!”
0xKawz
Interestingly, the company behind Base is certainly familiar with Time.fun. Its investment branch was part of Time.fun’s $3 million seed funding round in August 2024, which was led by Brevan Howard Digital. Other participants included Breed VC, Zee Prime Capital, and angel investors such as Solana co-founders Anatoly Yakovenko and Raj Gokal, along with Helius co-founder Mert Mumtaz.
In a media interview, 0xKawz suggested that Time.fun might consider launching its own token in the future, though no specific timeline has been established as the project focuses on achieving “product-market fit” first. It’s still uncertain whether Time.fun intends to launch a token on Solana instead of remaining with Base.
“In short, we feel more aligned with Solana’s roadmap, values, and culture. While we continue to have optimism for Base as a layer-2 solution, we believe our potential for product-market fit and broader acceptance is better realized on Solana.”
Time.fun
Launched on Base in June 2024, Time.fun is a social finance platform that allows users to quickly create trading and redemption markets for their time, providing fans special access. Users can profit by purchasing a creator’s minutes in advance and capitalizing on their growing influence. Time tokens can be redeemed for various products or experiences.
Supported by crypto accelerator AllianceDAO, Time.fun allows users to tokenize and monetize their time, with each token representing one minute of availability. Since its launch, the platform has generated over $1 million in trading volume. However, despite this success, Base’s X account has yet to mention the project, according to data from X. As of now, Base has not issued any public comments regarding the situation.