Yigit Taha OZTURK 
Coinbase Ventures, the investment arm of crypto exchange Coinbase, has assumed the role of group lead on the onchain private investment platform Echo. In this new capacity, the company will focus on investing in projects developed on Base, Coinbase’s Layer 2 network, through the Base Ecosystem Fund, according to an official announcement.
The group lead position on Echo provides selected groups of users access to exclusive investment opportunities. Echo enables individual crypto investors to collaborate and make collective investments in web3 projects, expanding access to onchain capital.
Over 40 Projects Funded by the Base Ecosystem Fund
Launched in September 2023, the Base Ecosystem Fund has already invested in more than 40 projects, including the decentralized exchange Aerodrome, DeFi lending protocol Morpho, and web3 restaurant loyalty platform Blackbird.
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In a joint statement, Shan Aggarwal, Coinbase’s Vice President of Corporate and Business Development, and Jesse Pollak, Head of Base and Coinbase Wallet, stated:
“Onchain investing allows accredited and qualified investors to participate in opportunities that were previously out of reach, while giving founders access to a broader and more dynamic capital base. We’re excited to broaden access to capital for Base builders and enable more people to participate in the next wave of innovation.”
Echo Platform and Group Lead Structure
Echo allows individual investors to collaborate by pooling resources and collectively investing in web3 projects. Group leads on Echo are responsible for providing curated access to investment deals for selected groups of users.
The platform was launched in March 2024 by prominent crypto trader Jordan Fish, also known as “Cobie“. Echo’s goal is to democratize access to onchain investment opportunities and support the next generation of web3 innovation.
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