Svmuu News: Coinbase CEO Brian Armstrong announced that the company has established an internal venture capital program named "Next Bets," allowing employees to submit innovative projects and pitch directly to product leads. Projects that gain support can proceed to implementation. The program opens for proposals twice a year, typically executed by small teams of 2 to 3 people, focusing on high-potential directions.
Armstrong stated that this mechanism aims to reduce the loss of excellent ideas and talent, drawing inspiration from historical cases in the tech industry. According to reports, the Base blockchain project originated from this program, and more related progress will be announced in the coming weeks.