PANews reported on March 13 that according to the official blog of Coinbase, as part of the next phase of work to support Base builders through the Base Ecosystem Fund, Coinbase Ventures announced that it has become a "Group Lead" on the on-chain private investment platform Echo.xyz. By becoming a "Group Lead" on Echo, the Base Ecosystem Group (led by Coinbase Ventures) will unlock broader and more dynamic capital for builders on Base. The establishment of the Base Ecosystem Group strengthens the foundation of the Base ecosystem in the following three aspects: providing more funds for builders, giving the Base community more opportunities to participate, and accelerating the "flywheel effect."