Coinbase acquired Echo, a platform onchain that allows communities to invest together while giving founders more options when it comes to their cap table. Coinbase
will create a full-stack crypto solution for investors and projects, covering everything from fundraising to secondary trading.
With the deal, builders will have easier access to capital as well as community-aligned funding tools like Echo for private investing groups and Sonar for public token sales. It will also provide investors with new and differentiated investment opportunities that were previously unattainable and a transparent, globally accessible capital markets for token sales. The onchain economy.
Echo, founded by Cobie, a crypto OG, has pioneered new tools to make fundraising more transparent, inclusive, and efficient.
It’s simple. We want to create a more accessible, efficient and transparent capital market. Founders struggle to raise capital today and individual investors are not able to invest in private tokens sales.
Echo fixes this by allowing projects the opportunity to raise capital directly from their community. This can be done through a Sonar-hosted public token sale or a private sale. Integrating Echo’s tool will allow us to enable more direct participation from the community, joining projects with capital entirely onchain. We’ll begin with crypto tokens via Sonar and then expand to tokenized securities, real-world assets, and tokenized securities over time by leveraging Echo’s Infrastructure.
Echo opened up private markets, helping projects raise over $200M+ in 300 completed transactions since launch. Sonar, its new self-hosted token sale product, has also seen early successes. It helped power Plasma’s XPL token sale.
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