Echo.xyz and Coinbase Ventures to drive funding for Base projects

Coinbase Ventures has joined Echo.xyz, a chain private investment platform, as a “group group” to extend the financing possibilities for startups that are built on the basis.

This move is one of the next phase of the basic ecosystem fund, which was created To support start -up projects on the basis.

The base is a blockchain network developed by Jamming To help developers build decentralized applications. These applications operate on Blockchain technology instead of centralized servers, allowing users to interact with financial tools and digital assets without traditional intermediaries such as banks.

The basic ecosystem fund was launched alongside the base to provide capital and resources to the teams that developed these applications. Since its launch, Coinbase Ventures has invested in more than 40 projects.

Partnership challenges

The partnership with Echo.xyz is intended to meet two main challenges. First, many basic developers need more financial support to develop their projects. Second, members of the base community want more ways to invest in the projects in which they believe.

By joining Echo as a group manager, Coinbase Ventures creates a way for developers and investors to connect to a platform based on blockchain – essentially giving them better access to financing options.

Echo.xyz is an investment platform that allows qualified investors to finance startups directly through blockchain transactions. Traditionally, start-up investment has been limited to large venture capital companies or to rich individuals.

Using chain investment platforms like Echo, the process becomes more transparent and accessible.

Coinbase Ventures considers this as a way to accelerate the growth of the basic ecosystem. More funding could lead to more launching projects on the basis, increasing activity on the network.