Coinbase invests in Rocket Pool, RPL rises 8%
Coinbase Ventures, which is affiliated with the cryptocurrency exchange, Coinbase, has invested in the liquid staking platform, Rocket Pool. The acquisition involved an undisclosed amount of RPL, the native token of the protocol. In an Aug. 10 tweet, Coinbase Ventures said it would actively engage in Rocket Pool’s Oracle DAO and operate a “substantial number of nodes” using Ethereum (ETH) from their corporate balance sheet. Exciting news to share: Coinbase Ventures recently made a strategic investment into @Rocket_Pool by purchasing RPL tokens from the Rocket Pool team. — Coinbase Ventures ️ (@cbventures) August 10, 2023 Rocket Pool’s concept allows individuals to support new validators, even if their stake falls below the minimum required to independently fund an Ethereum network validator node. This has led to over 3,100 operators and over 780,000 ETH staked on the network. You might also like: 8 ETH mini pool operators on Rocket Pool are mo...