Coinbase Ventures' Base Ecosystem Fund invests in six projects

Quick Take

  • Coinbase Ventures has invested into six projects from the Base Ecosystem Fund.
  • The projects were: Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation.

Coinbase Ventures allocated an initial round of investments from the Base Ecosystem Fund into six projects.

The selected projects are Avantis, BSX, Onboard, OpenCover, Paragraph, and Truflation. The investment amounts were not disclosed.

Managed by Coinbase Ventures, the investment arm of cryptocurrency exchange Coinbase, the Base Ecosystem Fund backs early-stage projects operating on its incubated Base network. The company stated that its ecosystem fund has received over 800 funding applications.

What are the projects?

The firm outlined the work of these various on-chain projects.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Avantis and BSX are protocols for onchain trading on Base. Onboard is developing a self-custodial wallet aimed at emerging markets.

OpenCover is working on insurance aggregation for Layer 2 protocols and partners with Nexus Mutual NXM + . Paragraph is creating an onchain platform for content. Finally, Truflation aims to deliver independent daily inflation data.

Base is a Layer 2 scaling solution on Ethereum ETH + and aims to serve as a hub for Coinbase’s on-chain products while maintaining an open ecosystem for all developers.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]


To contact the editor of this story:
Tim Copeland at
[email protected]