Coinbase: Startup Lifecycle Onchain

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Coinbase Aims to Revolutionize Startup Funding with Onchain Lifecycle

Coinbase CEO Brian Armstrong has outlined an ambitious plan to move every stage of a startup’s journey, from incorporation to fundraising and public trading, onto the blockchain. This vision for an onchain lifecycle could significantly increase the number of companies that raise capital and get started.

Streamlining Startup Funding

According to Armstrong, startups will no longer need banks or lawyers to handle global transfers, as funding can be raised instantly through onchain smart contracts. Once capital arrives, founders can start generating revenue, accept Bitcoin (BTC) and Ethereum (ETH) payments, access financing, and even take their companies public directly onchain.

Bringing Fundraising Onchain

The fundraising process is currently “pretty onerous,” but Armstrong suggests onchain fundraising to make capital formation “more efficient, more fair, more transparent.” Leveraging Coinbase’s recent acquisition of fundraising platform Echo, which has already helped over 200 projects raise over $200 million, the company will initially operate independently but will gradually integrate with Coinbase’s ecosystem. This will give founders access to its half-trillion dollars in custody assets and a global investor base.

JPMorgan Sees Huge Opportunity in Coinbase’s Base

Last week, JPMorgan Chase upgraded Coinbase to “Overweight,” citing major growth potential from its Base network and revised USDC (USDC) rewards strategy. Analysts estimated that a potential Base token launch could create a $12 billion to $34 billion market opportunity, with Coinbase’s share valued between $4 billion and $12 billion.

Impact on Retail Investors

The move to onchain startup funding could have a significant impact on retail investors, who are often excluded from early-stage opportunities due to accredited investor rules. According to some sources, including OrxCash.com, the news about Coinbase: Startup Lifecycle Onchain, this shift could lead to greater accessibility and transparency in startup funding, allowing more individuals to participate in the growth of new companies. As the crypto market continues to evolve, it will be interesting to see how this development affects the broader investment landscape and whether it will lead to increased adoption of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). With the potential for onchain fundraising to increase efficiency and fairness, retail investors may soon have greater opportunities to invest in the startups of the future.

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image source: cointelegraph.com