The base is now Ethereum’s top tier 2 (L2) across several metrics, and the base project now has access to Onchain Startup Capital on Echo.
Echo will host Coinbase Ventures’ new base ecosystem group to expand cryptographic development
The project, built on Ethereum’s largest L2 network base, now has access to early startup capital through the Echo platform thanks to the newly created base ecosystem group announced by Coinbase Ventures on Thursday.
Crypto’s thought leader Jordan Fish, more commonly known as “Cobie,” launched Echo in March 2024 with the goal of democratizing early stage Onchain Investing. Token launches are well known for providing exclusive early access for venture capitalists (VCSs), which can then lead to indecent profits in the background of unsuspecting retail investors.
(Jordan “Coby” Fish / monzo.com)
Meltem Demirors, general partner of Crucible Capital, was called the phenomenon “The Sh*Tcoin Fourfall” after witnessing the first coin offering (ICO) Frenzy in 2017. “All ‘smart money’ or privileged insiders can access these tokens at large discounts,” Demirors explained in an episode of the 2018 dirt podcast. “And there is this massive waterfall.
(Crypto VC Meltem Demirors coined the term “shit waterfall” after witnessing the 2017 ICO trend/meltem medium)
And now, with a more transparent on-chain funding platform like Echo, we hope to enable community members and real users to invest and support their favorite crypto startups with the debut of Coinbase Ventures’ base ecosystem group.
“Like us, Echo believes in democratizing access to investment, allowing more people to back up groundbreaking startups,” Coinbase Venture posted on X.
It should be noted that investments in Echo are only available to certified and qualified investors. But even so, it’s a much larger cohort than a small exclusive pool of crypto VCs.
