Coinbase CEO Brian Armstrong has unveiled a groundbreaking initiative to transition the entire startup lifecycle onto the blockchain. This move aims to transform capital formation and decentralized finance (DeFi) activities by leveraging tokenized offerings. As part of this strategy, Coinbase has acquired Echo for $375 million, a step that underscores its commitment to enhancing blockchain activity, particularly on its Base network.
The initiative is expected to significantly impact DeFi and Layer 2 solutions, providing new funding avenues for startups. It also has the potential to influence securities regulations and institutional frameworks, marking a pivotal shift in how startups access capital and engage with investors.
Coinbase to Revolutionize Startup Funding with On-Chain Initiative
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