[Coinbase Establishes 'Next Bets' Internal Venture Program to Promote Employee Innovation Projects] Odaily Planet Daily News – Coinbase CEO Brian Armstrong announced that the company has established an internal venture program called 'Next Bets,' allowing employees to submit innovative projects and directly pitch them to product leaders. Once supported, the projects can proceed to implementation. The program accepts proposals twice a year, typically executed by small teams of 2 to 3 members, focusing on high-potential areas. Armstrong stated that the mechanism aims to reduce the loss of outstanding ideas and talent, drawing inspiration from historical cases in the tech industry. According to reports, the Base blockchain project originated from this program, and more related updates will be announced in the coming weeks.