Introduction

Coinbase Ventures, to which it belongs with Cryptocurrency exchange Coinbase invested in Liquid Freezing Platform, Rocket Ball. The acquisition included an undisclosed amount amount of RPL and native token of the protocol.

Coinbase Ventures’ Participation in Oracle DAO

In a tweet dated August 10th, Coinbase Ventures said it will be actively participating in Oracle DAO from Rocket Pool and running “a large number of Contract ” using Ethereum (ETH) off the company’s balance sheet.

Rocket Pool’s Concept

Rocket Pool concept allows individuals support new auditors, even if their share falls below minimum required to fund Ethereum independently network Checker node. This has led to over 3100 operators And over 780,000 ETH staked on the network.

Undisclosed Details of Coinbase’s Investment

While the Rocket Pool statistics are off, so are the details of Coinbase investment remain not disclosed.

Current Status of RPL

When writing, RPL is up 7.81% in the last 24 hours trading at $28.33 with a market hat of 556 million dollars.

Other Coinbase Ventures Investments

Coinbase Ventures invested in Multiple crypto projects, including Uniswap, Alchemy, and OpenSea.

Coinbase’s Recent Release

This investment news It comes a day after Coinbase released the base, the Ethereum-2 layer protocol Four months later of Tests.

SEC Lawsuit Against Coinbase

Despite this, Coinbase has been sued by the US Securities and Exchange Commission (SEC). The regulator claims that the exchange has made it easier trading of unregistered assets.