Coinbase Ventures, the investment arm of the prominent cryptocurrency exchange Coinbase, has made a strategic investment in Rocket Pool, a decentralized Ethereum staking pool. The announcement was made on August 10, 2023, through a series of tweets by Coinbase Ventures.
Investment Details
Coinbase Ventures has acquired an undisclosed amount of RPL tokens from the Rocket Pool team. This investment marks Coinbase’s entry into the liquid staking sector, a move that aligns with their ongoing efforts to scale Ethereum’s infrastructure in a decentralized manner.
Despite the acquisition of RPL tokens, there was no noticeable increase in the value of the tokens following the announcement.
Coinbase’s Involvement
Coinbase Ventures has expressed deep admiration for Rocket Pool’s commitment to building one of the largest decentralized staking networks over the past six years. They will actively participate in Rocket Pool’s Oracle DAO and use…
