SAN FRANCISCO / LONDON (IT BOLTWISE) – Coinbase CEO Brian Armstrong has unveiled an ambitious vision to shift the entire startup lifecycle to the blockchain. From founding to raising capital to public trading, everything should be done onchain. This innovation could revolutionize the creation of new companies and make access to capital much easier.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Coinbase CEO Brian Armstrong recently unveiled his vision to move the entire startup lifecycle to the blockchain. In an interview, he emphasized that this approach would allow founders to launch their companies, raise capital and ultimately go public, all via the blockchain. This development could fundamentally change the way startups are financed and operated.
Armstrong argues that current capital raising processes are often cumbersome and inefficient. By using blockchain technology, these processes could be made more transparent and fair. Coinbase recently acquired fundraising platform Echo, which has already helped over 200 projects raise capital. This acquisition is intended to be integrated into the Coinbase ecosystem to provide founders with access to a global investor base.
Another advantage of onchain financing is the ability to move capital without the need for banks or lawyers. Smart contracts could automate and speed up the process of raising capital. This could be particularly beneficial for startups that need to respond quickly to market changes.
Coinbase is also working with US regulators to expand access to onchain financing. Armstrong criticizes the current rules for accredited investors as unfair and hopes a balance can be found between consumer protection and access to investment opportunities. These efforts could pave the way for broader participation in the startup ecosystem.
*Order an Amazon credit card with no annual fee with a credit limit of 2,000 euros! a‿z
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Coinbase plans to bring the entire startup lifecycle to the blockchain”.