Coinbase Ventures Teams Up with Echo.xyz for Base Ecosystem Growth
Coinbase Ventures has become a āGroup Leadā with Echo.xyz, an on-chain investment platform. This partnership aims to boost funding for startups on Base,a blockchain network by Coinbase.
Base is designed for developers to create decentralized apps.These apps use blockchain instead of central servers, letting users interact with financial tools without banks. The Base Ecosystem Fund supports early-stage projects on this network.
Sence its launch, Coinbase Ventures has invested in over 40 projects. The new partnership with Echo.xyz tackles two key issues. First, Base developers need more financial help. Second, the Base community seeks more investment opportunities.
As a Group Lead,Coinbase Ventures connects developers and investors on Echoās blockchain platform. This makes funding more accessible and obvious.
Echo.xyz lets qualified investors fund startups directly via blockchain. Traditionally, only big venture firms or wealthy individuals could invest in startups. echo changes this by making the process more open.
Coinbase Ventures believes this move will speed up growth in the Base ecosystem.More funding could lead to more projects on Base, boosting network activity.
For more details, check out Coinbase Venturesā tweet.