In a bold move reshaping Web3 finance ⚡, Coinbase has acquired Echo, the on-chain fundraising platform founded by Jordan Fish (@Cobie), in a deal valued at $375 million.
This union transforms Echo’s community-first vision into a core piece of Coinbase’s global infrastructure 🌍 — a clear signal that the next generation of capital formation will unfold on-chain, where transparency and access replace private VC exclusivity.
Echo enables anyone to invest in early-stage crypto projects through verified, compliant, and fully transparent smart-contract systems 💼. With its Sonar framework, founders can host regulated public rounds, while investors can reuse a single verified profile across every sale.
Every allocation, vesting rule, and settlement is executed automatically through smart contracts using $USDC on Base — creating a level playing field between builders and backers 💰
The first project funded through Echo was Ethena Labs — the protocol behind USDe, the yield-bearing synthetic dollar redefining stability in DeFi. The Ethena Airdrop Season 4 is live 🪂
