coinbaseventures

When privacy becomes a scarce commodity in the AI era, who will meet this need?

Venice has secured $6.5 million in Series A funding, led by Coinbase Ventures. The founder’s credentials are impressive—Erik Voorhees, the former CEO of the crypto exchange ShapeShift and a longtime crypto libertarian, personally moves into AI.

The product logic is straightforward: provide standard AI capabilities like conversation generation and image creation, but with one key commitment—no user data is stored.

What I value most is the signal: cracks are already appearing in the business model of mainstream AI platforms, which treat user input as training fuel. As ChatGPT and Gemini quietly expand data retention, a “use it and burn it” option is starting to find real market demand. Crypto veterans entering the AI space brings not just money, but a shift in values—toward censorship resistance and reduced reliance on trust.

Coinbase Ventures’ bet is also worth noting—it isn’t backing yet another wrapper application, but an extension of the Web3 narrative into the AI infrastructure layer. The line combining privacy-focused AI, crypto payments, and decentralized compute will very likely produce more targets in the future.

Small in scale, but sharp in angle. Worth adding to the watchlist.

#AI赛道 #隐私计算 #CoinbaseVentures

Privacy AI has gained another heavyweight player.

Venice, launched by Erik Voorhees, former CEO of ShapeShift, has just completed a $65 million Series A round of funding, led by Coinbase Ventures.

What sets Venice apart from mainstream AI products is that it does not store any user data. Conversations and image generation are handled locally, with no traces left on the server side.

This positioning is actually quite smart. When ChatGPT and Gemini are using user data as training fuel, there will always be some people willing to pay for "the things I said not to be recorded." The crypto community’s obsession with privacy aligns perfectly with the demand curve for AI privacy products.

Erik has long been a banner figure for crypto libertarianism. Making a privacy AI is not surprising—it’s more like a replay of the ShapeShift era’s philosophy of "no KYC, user sovereignty," translated to the AI layer.

Coinbase Ventures’ bet, to some extent, is also a vote for the narrative of "decentralized AI + privacy."

Worth watching is this: can privacy AI really scale, or will it ultimately only serve a niche audience?

#AI #隐私赛道 #CoinbaseVentures

When "privacy" becomes a scarce commodity for AI, Venice is filling in that missing piece.

Former CEO of ShapeShift, Erik Voorhees, personally led the charge, bringing the crypto world’s philosophy of "not custodial and leaving no trace" into AI: dialogue generation and image creation are all usable, but user data is not stored, not used for training, and not shared.

The latest funding round:
· Round: Series A
· Amount: $65 million
· Lead investor: Coinbase Ventures

What stands out is the intersection of two narratives—AI needs compute power and data, but users increasingly refuse to trade privacy for efficiency; crypto-native teams are building AI, naturally embedding "censorship resistance + data self-custody" into the product at its core. Coinbase Ventures’ investment feels less like a casual bet and more like an official endorsement of the "privacy AI" track.

For everyday users, Venice offers an AI assistant that doesn’t require logging in with social accounts and won’t be used to train the next big model. For the industry, it’s a rare, genuinely engineering-driven example of turning "user sovereignty" into product reality at the technical level.

Next to watch: whether it can catch up to mainstream closed-source solutions in model capabilities, and whether it will introduce a tokenized compute/subscription mechanism.

#AI #隐私赛道 #CoinbaseVentures

Coinbase Ventures just dropped some serious cash into the RWA credit protocol Multipli through the Base ecosystem fund, but the amount is still under wraps.

This is a strategic boost—Multipli recently wrapped up a $20 million round led by Pantera, with Spartan and Sequoia jumping in as well, making for quite the lineup. Coinbase stepping in feels like they're officially bringing Multipli into the Base ecosystem.

What’s interesting is Multipli’s positioning: they’re not just about tokenizing assets, but using RWA like gold, stocks, and stablecoins as collateral to offer users low-cost credit lines while stacking on yield layers. In simple terms, they’re aiming to be the foundational pipeline for "lending + earning" in the RWA space.

Base is clearly doubling down in the RWA lane. When top-tier VCs start to pile into the same protocol, it usually signals that more product launches are on the horizon.

#RWA #CoinbaseVentures #Base

Coinbase Ventures is making moves again, this time zeroing in on a quieter but solid player in the RWA lane - Multipli.

They completed an investment through the Base Ecosystem Fund, with the amount undisclosed, but the signal is clear: Base aims to fill the gap in the RWA yield layer.

Looking back at Multipli's foundation, they recently secured a $20 million round led by Pantera, with Spartan and Sequoia also jumping in, and now Coinbase is doubling down, effectively bridging traditional capital and exchange ecosystems.

What they’re doing is quite practical: turning real assets like gold, stocks, and stablecoins into yield-bearing, collateralizable bases, then funneling out low-cost credit. In simpler terms, they want the on-chain money and off-chain assets to actually connect, rather than operate separately.

Here’s my take:

1. The narrative around RWA is shifting from "tokenization" to "yielding + crediting," and Multipli is positioned in the second phase;
2. Coinbase Ventures jumping in means the regulatory path for running RWA yield strategies on Base will be smoother in the future;
3. There might not be immediate catalysts for price spikes, but in the medium to long term, it’s a space where institutional funds are likely to linger.

There are more players in the RWA lane, but few can successfully navigate both yield and credit sides. This investment is definitely worth keeping on the radar.

#RWA #CoinbaseVentures #Base

Coinbase Ventures has made a move, investing in the RWA credit protocol Multipli through the Base Ecosystem Fund, though the amount remains undisclosed.

Notably, this isn't the first time Multipli has secured backing from top-tier capital. Previously, it raised $20 million led by Pantera Capital, with follow-ons from Spartan Group and Sequoia. With Coinbase joining the ranks, the lineup is quite impressive.

Multipli operates at the yield and collateral infrastructure layer, bringing real-world assets like gold, stocks, and stablecoins onto the chain, generating yields while providing low-cost credit channels.

My take: The narrative core for the RWA sector this year is shifting from "tokenization" itself to "what can be done after tokenization". Protocols that can generate yields, provide collateral, and expand credit scenarios will truly capture liquidity. Coinbase's choice to bet on this infrastructure within the Base ecosystem is clear—bringing the cash flows of traditional assets into on-chain DeFi.

Next, we need to keep an eye on Multipli's TVL growth and whether it can support the actual usage of RWA credit on Base.

#RWA #CoinbaseVentures #Base

Coinbase Ventures has made a move, this time investing in Multipli, which is in the RWA credit lane.

Through the Base ecosystem fund injection, the amount hasn't been disclosed, but the timing is crucial—right after Pantera led a $20 million round with Sequoia and Spartan joining in. It's like Coinbase is doubling down on a project that already has big-name endorsements.

What Multipli is doing is quite practical: packaging real assets like gold, stocks, and stablecoins into yield-bearing, collateralizable infrastructure, then releasing low-cost credit through protocols. In simple terms, they're making off-chain assets work on-chain, allowing for both earning and borrowing.

One point I'm particularly focused on is the pacing of Base's strategy in the RWA sector. Coinbase is pushing compliant stablecoins while positioning Ventures to capitalize on tokenized credit protocols—the path is becoming clearer—moving traditional finance's collateral lending logic on-chain, using Base as the settlement layer.

The RWA narrative had its hype in 2024, but there aren't many protocols that can actually deliver, with most getting stuck on compliance and asset issues. Multipli, backed by mainstream VC support, is at a higher starting line in terms of resources.

Next, it's worth keeping an eye on its TVL growth and actual lending data; we've seen too many projects that secured funding but didn't deliver in the last couple of years.

#RWA #CoinbaseVentures #Base

Venice: When AI Meets “Zero Data Retention”

ShapeShift’s former CEO Erik Voorhees has officially unveiled his new project, Venice. The startup has completed a $65 million Series A round, led by Coinbase Ventures.

This is not just another ChatGPT wrapper. Venice focuses on privacy-first AI services—everything from conversation generation to image creation. But the servers retain no user data. At a time when AI giants are aggressively swallowing users’ privacy in exchange for training materials, this positioning is decidedly against the mainstream.

Moving from a crypto exchange to the AI arena, Voorhees’ core idea remains consistent: return control to users. ShapeShift once held stubbornly to its refusal to do KYC; now it’s carried that same mindset into the AI space—just on a different battlefield.

A signal worth watching: Coinbase Ventures betting on a non-token AI platform suggests that crypto capital is extending the narratives of “anti-censorship” and “privacy computing” into AI infrastructure. As centralized AI increasingly resembles the next data tyrant, projects like Venice may become the default choice for Web3 natives.

Privacy is scarce—and scarce things will ultimately be priced.

#AI #Privacy #CoinbaseVentures

Venice: A Trial to Embed "Privacy" Into the Foundation of AI

Venice, launched by ShapeShift’s former CEO Erik Voorhees, isn’t taking the “build stronger models” route in the ongoing battle to outdo one another. Instead, it stakes differentiation on a point that mainstream AI has long overlooked—doesn’t save user data.

It has the usual capabilities like text generation for conversations and image generation, but the real product promise is this: the content between you and the AI doesn’t go into training sets, doesn’t go into logs, and doesn’t go into any “black box” meant to give you a better experience. For users who are used to ChatGPT’s default behavior of leaving a trail, this “use once and burn” posture is actually quite rare.

After just securing a $65 million Series A round led by Coinbase Ventures—an equation of crypto veterans + crypto capital + a privacy narrative—this combination alone suggests that in the latter half of the AI race, beyond parameters, the fight will also be fought along the line of “data sovereignty.”

When all large models are competing for your inputs as nourishment, choosing one that doesn’t take them may be the most instinctive preference for crypto users.

#AI #隐私计算 #CoinbaseVentures

The End of "Crypto": Coinbase Ventures’ 2031 Vision

Hoolie Tejwani of **Coinbase Ventures** dropped a bombshell today with a prediction that has the industry buzzing: by 2031, we will stop talking about "crypto" entirely. His argument is simple yet profound—crypto is destined to become the invisible plumbing of the global financial system. Just as we don’t talk about the TCP/IP protocols when we send an email, we won't talk about blockchain when we buy a coffee or settle a real estate contract.

This vision marks a shift from speculative assets to fundamental infrastructure. Tejwani noted that every Fortune 1000 company is now moving toward a mandatory cryptocurrency strategy. They aren't doing this to "gamble" on price swings; they are doing it because digital assets offer a level of efficiency, speed, and transparency that legacy systems cannot match. The focus is pivoting toward "embedded crypto"—where wallets are built into your phone’s OS, and stablecoins handle cross-border settlements in the background. If this prediction holds true, the next five years will be less about finding the next "moonshot" token and more about identifying the companies building the rails for this invisible economy. We are moving away from the era of "Web3" as a niche hobby and toward a world where blockchain is the standard operating system for value exchange worldwide.

#CoinbaseVentures #FutureOfFinance #BlockchainTech
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