Odaily Planet Daily News: According to official sources, as part of supporting the development of Base builders' work through the Base Ecosystem Fund, Coinbase Ventures announced that it is the "Group Lead" of the on chain private investment platform Echo.xyz. Coinbase Ventures plans to strengthen the foundation of the Base ecosystem from three key aspects:
1. Provide more funding for builders: Start up companies will gain broader funding and expertise, thereby increasing their chances of success.
2. Provide more access to the Base community: Community members can request access to the Base ecosystem group to democratize access to trusted startups.
3. Make the flywheel rotate faster: the more capital flows through the chain, the closer it is to a truly open financial system.