Blockchain

Coinbase Ventures Debuts Base Ecosystem Group on Echo Platform

Published

10 months ago

March 16, 2025

Base has turn into Ethereum’s prime layer two (L2) in numerous statistics and base tasks now have entry to Onchain Startup Capital on Echo.

Echo homes the brand new primary ecosystem group of Coinbase Ventures to develop the event of crypto

Tasks that construct on the biggest L2 community base in Ethereum now have entry to the early startup capital through the ECHO platform because of the newly created Primary Ecosystem group introduced by Coinbase Ventures on Thursday.

Crypto thought chief Jordan Fish, higher often known as ‘Cobie’, launched Echo in March 2024 with the intention of democratizing an early stage onchain investing. Token launches are infamous to present unique enterprise capitalist (VCS) unique early entry, in order that the aforementioned VCs can then make obscene revenue on the again of unsuspecting retail buyers.

(Jordan “Cobie” Fish / Monzo.com)

Meltem Demirors, basic associate at Crucible Capital, known as this phenomenon, “the sh*tcoin -waterfall” after having witnessed the Inital Coin Supply (ICO) Frenzy 2017. “All ‘Good Cash’ or privileged insiders can have entry to those tokens with large reductions,” Legde Demirors, “Legde Demirors,” Legde Demirors, “Legde Demirors,” Legde Demirors, “Legde Demirors and Legde Demirors,” Legde Demirors ” Then there may be this huge waterfall, the place it more and more dumps downstream and incomes some huge cash whereas the retail commerce loses, “she added.

(Crypto VC Meltem Demirors got here up with the time period “shitcoin -waterfall” after witnessing the ICO -Rage / Meltem Demirors 2017 on medium)

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And now with a extra clear Onchain fundraising platform equivalent to ECHO, Coinbase Ventures’ debut of the Base Ecosystem Group hopes to allow members of the neighborhood and precise customers to speculate and help and help their favourite crypto startups.

“Similar to us, Echo believes in democratization of entry to investing, in order that extra individuals can help startups,” Coinbase ventures posted on X. “Entry should be wider, capital needs to be extra dynamic, investing needs to be for greater than a small membership of insiders.”

It needs to be famous that investing in Echo continues to be solely obtainable for accredited and certified buyers. However even then that may be a a lot bigger cohort than the small unique pool of crypto VCs.