Coinbase CEO Brian Armstrong is optimistic about on-chain gaming and advertising.
- Coinbase CEO Brian Armstrong recently shared his top interests in the cryptocurrency space.
- Armstrong is currently optimistic about on-chain advertising, on-chain gaming, layer 2 privacy, and on-chain peer-to-peer exchanges.
- The Coinbase Chief’s comments come ahead of the first Coinbase Ventures Summit, scheduled for October 2023.
Brian Armstrong, the head of the largest cryptocurrency exchange in the United States, recently shared his top interests in the cryptocurrency space. The Coinbase founder and CEO urged DeFi builders to focus on 10 ideas he believes are important to the broader cryptocurrency space to support the next generation of crypto startups.
Brian Armstrong urges builders to explore on-chain applications
In a recent blog post on Coinbase’s official website, Brian Armstrong called on DeFi builders to use the bear market as an opportunity to develop applications around 10 ideas. Ideas include flat coin concepts, on-chain reputation, on-chain advertising, on-chain gaming, on-chain capital formation, work/job marketplaces for crypto, layer 2 privacy, decentralized peer-to-peer exchanges, tokenized real-world assets and software. Included. For network status.
Coinbase has the resources to build a lot of things in the cryptocurrency space, but we don’t have time to build everything, and we want to help revitalize the ecosystem around us. “More people need to come with us.”
Brian Armstrong, Coinbase CEO
According to Armstrong, the above-mentioned fields are expected to have great potential in the near future. Flatcoins are decentralized tokens that track the Consumer Price Index (CPI) to preserve purchasing power. Coinbase Chief believes that flat coins can solve the inflation and seizure problems associated with fiat and stablecoins.
Armstrong is also optimistic about on-chain advertising, gaming, reputation, and capital formation. He told builders that decentralized identity, advertising and gaming have significant potential. To support these startups, Coinbase CEO presented the idea of on-chain capital formation that would allow startups to raise cash globally. More startups will lead to demand for cryptocurrency talent, which is where Armstrong’s idea of a cryptocurrency hiring marketplace comes into play.
Brian Armstrong’s proposal for DeFi builders comes ahead of the first Coinbase Ventures Summit to be held in Malibu, California in October 2023. This event will bring together 20-30 teams of the best builders in the cryptocurrency industry. Cryptocurrency projects participating in the summit can receive funding from Coinbase Ventures.
