By bitcoinexchangeguide.com on May 19, 2019
Coinbase, one of the leading crypto asset trading platform has decided to fund another blockchain network Matic Network through its Coinbase Ventures, which is a venture fund launched by Coinbase back in April 2018. The venture fund was launched with the aim to make new investments in upcoming crypto and blockchain projects with great potentials and use cases. The first funding by the Venture arm of Coinbase was done towards Compound Ventures which is an Ethereum based project. Jaynti Kanani, the co-founder, and CEO of Matic Network in an official statement noted that Coinbase Ventures is one of their seed investors. The blog post read, "We are pleased to announce Coinbase Ventures as our investor in our seed round. This investment is aligned with our goals to achieve adoption through better usability alongside scalability and will help us realize our vision to achieve scale for decentralized applications." Apart from being the seed investor for Matic network, Coinbase will also
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