Coinbase CEO Brian Armstrong shared on his X account that they have invested in 40 startups founded by former employees of the exchange.

Armstrong said these startups include prominent names such as decentralized exchange $DYDX , decentralized social network Farcaster, and on-chain social network Zora, among many other projects listed on X.

Investing in these projects not only demonstrates Coinbase’s commitment to fostering innovation, but also demonstrates the important role that alumni play in shaping the future of the crypto industry.

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