In response to Paradigm’s recent announcement of its top 10 focus areas, Brian Armstrong, the founder of Coinbase, has also shared his top 10 crypto entrepreneurial tracks. These areas reflect Coinbase’s distinct approach and priorities within the cryptocurrency and blockchain space. Let’s delve into each of these focus areas and the representative projects within them:
Flatcoin (Combatting Inflation and Pegged to Cost of Living)
- Nuon Finance: Nuon Finance is a decentralized stablecoin DeFi protocol built on Arbitrum. NUON, the stablecoin launched by Nuon Finance, is designed to combat inflation and maintain purchasing power. It is pegged to an inflation rate calculated by Truflation, an independent inflation index predictor.
Onchain Reputation
- Galex: Galex is a Web3 data credential and reputation network. Users can earn rewards for contributing to Galex’s credential data network, which fosters a decentralized identity system called Galxe ID.
- zkMe: zkMe aims to create a Zero-Knowledge Credential (zk-credential) layer for Web3, offering on-chain anonymous user verification.
Onchain Ads
- Spindl: Spindl is a Web3 measurement and attribution platform that tracks user behavior on-chain protocols to calculate the Return on Advertising Spend (ROAS).
- HypeLab: HypeLab is a Web3 advertising network providing advertising materials and tracking advertising performance.
Onchain Capital Formation
- Syndicate: Syndicate is a decentralized investment protocol and social network enabling communities to raise capital.
- Commonwealth: Commonwealth is a platform offering governance discussions, voting, and crowdfunding for on-chain communities.
Job/Task Marketplace:
- Braintrust: Braintrust is a Web3 decentralized talent network connecting knowledge workers with enterprises.
- TalentLayer: TalentLayer is a protocol and development toolkit for building interoperable recruitment and service platforms.
Layer 2 Privacy
- Aztec: Aztec is an L2 zkRollup offering programmable anonymity, data privacy, and confidential contracts.
- Zecrey: Zecrey is an L2 protocol based on zkRollup that provides privacy and scalability features.
P2P Exchange Fully Onchain
- Onboard Wallet: Onboard Wallet is a Web3 wallet accessible via email, offering secure key management and multi-factor authentication.
Onchain Games
- Azra Games (Project Legends): Azra Games is focused on blockchain-based RPG games and is developing “Project Legends.”
- Horizon Blockchain Games (Skyweaver): Horizon Blockchain Games provides game-centric blockchain infrastructure and offers “Skyweaver,” a collectible card game.
RWA (Real-World Asset Tokenization)
- Goldfinch: Goldfinch is a decentralized lending protocol backed by real-world loans and collateral, providing profits and covering asset financing, SME loans, and consumer loans.
- MoHash: MoHash offers investors global liquidity for on-chain real-world products with a focus on high-growth private debt markets.
Tools for Network States
- Zuzalu: Zuzalu is described as an IRL (In Real Life) town combining cryptocurrency, life sciences, and philosophy, applying blockchain to urban governance and operations.
It’s important to note that these focus areas and projects reflect Coinbase’s specific strategic approach, which may differ from other players in the cryptocurrency and blockchain industry. Investors should carefully monitor and assess these projects, recognizing that some are still in the early stages with varying degrees of risk and potential. Coinbase Ventures has invested in some of these projects, aligning with Brian Armstrong’s entrepreneurial vision for crypto.
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By Layer 2 Daily