Coinbase CEO's ResearchHub Startup Secures $5M In Funding
Portfolio Pulse from Murtuza Merchant
ResearchHub, co-founded by Coinbase CEO Brian Armstrong, has raised $5 million in seed funding to expand its platform and develop new features. The startup aims to revolutionize the scientific community by creating a tokenized social network that rewards scientists for sharing scholarly content using ResearchCoin (CRYPTO: RSC).
June 15, 2023 | 6:57 pm
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Coinbase CEO Brian Armstrong's startup ResearchHub has raised $5 million in seed funding, potentially increasing the company's visibility and influence in the blockchain and cryptocurrency space.
As Coinbase CEO Brian Armstrong is a co-founder of ResearchHub, the success of the startup could reflect positively on Coinbase's reputation and influence in the blockchain and cryptocurrency industry. The $5 million seed funding round demonstrates investor confidence in the project, which could indirectly benefit Coinbase's stock price in the short term. However, the direct impact on Coinbase's financials is limited, as ResearchHub is a separate entity.
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