Coinbase Ventures makes $1 million strategic investment in Ampleforth’s flatcoin SPOT

Odaily News Fragments, the developer of the Ampleforth protocol, announced that Coinbase Ventures has made a strategic investment of $1 million in SPOT, a decentralized low-volatility commodity currency (flatcoin) under the Ampleforth Foundation. As part of the transaction, SPOT is currently available on Ethereum and will soon be launched on Base. In addition, Aerodrome Finance on the Base chain will launch a new market on Monday. (The Block)