noice (NOICE)

Coinbase just acquired Echo for $375M. Coinbase now appears to be leaning heavily into the Internet Capital Markets (ICM) narrative.

Here is a quick post debriefing the move and what it means for Base ecosystem projects such as @noicedotso, an ICM sleeper.
Solana’s ICM pitch centered around bringing competent Web2 builders into onchain consumer apps, rethinking the fundraising and token structure aspects of these projects.

Coinbase is taking a stab at this narrative and seems to be taking its efforts even further. They have gone to great lengths to offer a supportive environment for builders to experiment with crypto. The smart wallet, Base App, x402, and the mini app SDK offer a compelling foundation for the builder ecosystem. Coinbase’s “Base is for Builders” slogan has landed much better than its user-targeted comms.

With a healthy foundation in place, Coinbase has now purchased Cobie’s Echo, an early-stage investing platform that scales access to private funding rounds for qualified individuals.

The

@coinbase https://t.co/8ai4JQVejQ