Coinbase Teams Up with Founders Factory, Animoca Brands, and Fabric Ventures to Launch Crypto and AI Startup Program:
Key Points:
- Coinbase collaborates with Founders Factory, Animoca Brands, and Fabric Ventures.
- A 16-week accelerator program for crypto and AI startups is being launched.
- Coinbase US also announces the Bitcoin Yield Fund, debuting May 1.
Coinbase has entered into a partnership with Founders Factory, Animoca Brands, and Fabric Ventures to roll out a 16-week accelerator program for startups specializing in blockchain and artificial intelligence. Announced recently, the exchange aims to foster innovation in the UK by teaming up with top venture studios and investment firms.
This move comes as the UK strives to solidify its position as a leading hub for the crypto and AI industries. Here’s a closer look at Coinbase’s latest venture and its potential impact.
Coinbase Unveils New Crypto and AI Accelerator Coinbase’s collaboration with Founders Factory, a UK venture studio, alongside blockchain investment firms Animoca Brands and Fabric Ventures, marks a major push into the AI sector. The program will provide selected startups with resources, mentorship, and support over a 16-week period.
Keith Grose, Coinbase’s UK CEO, shared that the initiative will be introduced at the Global Fintech Forum, an event supported by the UK’s Department for Business and Trade.
Fueling the Next Phase of Crypto and AI Growth The joint effort aims to guide new entrepreneurs building innovative and trustworthy applications for consumers and enterprises alike. Damian Routley, COO of Founders Factory, emphasized the goal of backing startups that will drive mainstream adoption through valuable, high-integrity projects.
Founders Factory will assist startups with business strategy, product development, and fundraising, while Animoca Brands and Coinbase will offer deep expertise in Web3 technologies.
Applications for the program are expected to open in June 2025, with the program officially starting in September.
Coinbase US Introduces Bitcoin Yield Fund Meanwhile, in the United States, Coinbase is preparing to launch its Bitcoin Yield Fund on May 1. This fund aims to offer non-US institutional investors annual returns between 4% and 8% in Bitcoin, utilizing a cash-and-carry trading strategy to exploit price differences in the market.
These major announcements follow another recent win for Coinbase, as Alabama’s Securities Commission officially dropped its legal proceedings against the exchange.
