Deniz 
One of the top bitcoin exchanges worldwide, Coinbase has been actively helping the blockchain ecosystem to flourish by funding businesses. CEO Brian Armstrong claims Coinbase has funded forty startups started by former staff members. Armstrong said on X that these firms comprise well-known names as on-chain social network Zora, distributed social network Farcaster, and DeFi exchange dYdX. This action not only emphasizes Coinbase’s dedication to encouraging creativity but also the major part its graduates will help to shape the direction of the crypto market.
Showcasing its commitment to fostering innovation inside the blockchain environment, Coinbase invests in 40 startups started by former workers. This approach complements Coinbase’s larger goal of hastening the acceptance of distributed technology and thereby supporting the expansion of the crypto ecosystem. Supporting these firms not only helps Coinbase’s alumni flourish but also deepens its connections to innovative ideas, probably influencing the direction of the sector.
Investing in companies under the direction of former staff members shows Coinbase’s appreciation of the skill and knowledge that have developed within its own ranks. Equipped with extensive industry knowledge and expertise acquired at Coinbase, these former workers are currently leading the front-edge development of creative ideas addressing important problems in the crypto world.
Among the 40 startups Coinbase has committed funds to, some stand out because of their creative ideas and major influence. Some of the main startups are listed here:
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