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🟠COINBASE INVESTS $1 MILLION IN SPOT

🟠COINBASE INVESTS $1 MILLION IN SPOT

Day: 08 | Time: 18:57:35 Coinbase Ventures, Coinbase's venture capital arm, has invested $1 million in a strategic funding round for SPOT, the decentralized low-volatility "commodity money" by the Ampleforth Foundation. SPOT is designed to combine the characteristics of fiat currency like the US dollar with those of commodities like gold or bitcoin, creating a "fully decentralized" and "significantly less volatile" asset. Coinbase has also announced that SPOT will be launched on Base, the Layer 2 network incubated by Coinbase.

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