nextbets

In the past, project teams would seek exchanges, but now the exchanges are incubating projects themselves!
I just saw a news piece that Coinbase has set up an internal venture capital program called 'Next Bets', allowing employees to propose innovative projects, with the company providing funding and resources. Simply put: if you have a good idea, the company acts as your 'angel investor'.
This move is really ruthless.
What does this mean for us?
You think, in the past when project teams launched on Coinbase, they had to queue, go through audits, and pay fees. And now? Projects developed by employees themselves are naturally 'favorite children', from incubation to launch in one go. What does this mean? It means that in the future, new projects running on Coinbase may have a batch that are 'internally produced', with guaranteed quality and resource allocation.