Coinbase CEO: Entire Startup Lifecycle to Move Onchain

Coinbase CEO Brian Armstrong has proposed a transformative vision to shift every stage of a startup's lifecycle onto the blockchain, encompassing incorporation, fundraising, and public trading. During an appearance on the TBPN podcast, Armstrong emphasized that onchain fundraising could enhance capital formation, making it more efficient, fair, and transparent. He described a seamless process where founders raise funds instantly via smart contracts in USDC, enabling them to launch and operate without traditional intermediaries like banks and lawyers. Armstrong highlighted that the current fundraising landscape is burdensome, and by utilizing platforms like Echo, which has already facilitated over $200 million in funding for 200 projects, Coinbase aims to connect builders with investors more effectively. Furthermore, Armstrong advocates for regulatory adjustments to broaden access to onchain fundraising, addressing the limitations imposed by accredited investor rules, which he finds inequitable. He expressed optimism about providing early-stage opportunities to retail investors, thereby expanding the possibilities for startups to flourish in the blockchain ecosystem.

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