Brian Armstrong, co-founder and CEO of Coinbase, had a fantastic week after the value of his company's shares surged dramatically due to rising expectations of Bitcoin spot ETFs. In the spirit of sharing, he introduced ten cryptocurrency ideas that currently excite him.
During a Twitter Spaces session in which he spoke for over 20 minutes, he expressed the hope that these ideas would be embraced and incorporated into the broader ecosystem.
"At Coinbase, we're working on many projects, but we can't handle everything, so I decided to share my ideas with others," he stated. "Bear markets are the ideal time for building. So why not start now?"
Flatcoin
Armstrong sees potential in a coin that would track the Consumer Price Index (CPI) and ensure stability against inflation.
Reputation on Blockchain
Armstrong suggests a reputation system on the blockchain as a tool against fraud, while Selkis mentioned his investments in this area.
On-Chain Advertising
According to Armstrong, smart contracts could charge advertising fees only for a completed action.
On-Chain Capital
Armstrong proposed tracking capital assets on the blockchain, which could make financing projects easier.
Decentralized Labor Market
He introduced the idea of a global labor market utilizing cryptocurrencies for cross-border payments.
Second-Layer Privacy
There's a need to introduce privacy to the second layer of major projects, Armstrong contends.
True Peer-to-Peer
Centralized solutions might fail, but a fully decentralized exchange could be the answer, Armstrong says.
Blockchain Games
Armstrong envisions games with ownership of NFT assets, while Selkis expresses skepticism about GameFi.
Tokenization of Real Assets
Armstrong believes that tokenizing assets can increase market liquidity.
Network States
Referring to Balaji Srinivasan, Armstrong introduces the idea of states run as DAOs.
Brian Armstrong also invited people to the inaugural Coinbase Ventures Summit, set to take place in October in Malibu.
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