Coinbase CEO Envisions Revolutionizing Entrepreneurship with On-Chain Fundraising, Following Echo Acquisition

On the 22nd, Brian Armstrong, CEO of the major US cryptocurrency exchange Coinbase, spoke about his vision to revolutionize corporate fundraising. This comes in the backdrop of the company acquiring the on-chain fundraising platform Echo. Mr. Armstrong stated that with this acquisition, it will be possible to manage every process from company formation, fundraising, to going public, all on-chain. He highlighted that fundraising is usually a burdensome process for entrepreneurs, often taking 2 to 3 months, with proposals being rejected 19 out of 20 times. With on-chain processes, this could become much more efficient...