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Coinbase CEO Proposes Web3 Version of LinkedIn

September 6, 2023
in Blockchain
Reading Time: 2 mins read
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Brian Armstrong, the CEO of Coinbase, took to Twitter on September 6, 2023, to share that the corporate has acquired over 150 functions for its inaugural Coinbase Ventures Summit. The summit, scheduled for October in Malibu, California, goals to convey collectively a choose group of crypto entrepreneurs and builders. Armstrong additionally launched a novel idea: a Web3 model of LinkedIn.

A Web3 LinkedIn: The Way forward for Skilled Networking?

In a tweet, Armstrong outlined the concept of a decentralized LinkedIn platform constructed on Web3 know-how.

It will be nice if corporations may situation soulbound NFTs to confirm employment or credentials,

Armstrong tweeted. He additionally advised constructing a front-end interface to discover each worker and employer profiles and emphasised the necessity to “develop a technique to bootstrap the community impact.”

The CEO talked about the problem of community bootstrapping may probably be solved by permitting customers to mint their very own NFTs if they will confirm a “.com electronic mail from the corporate, and many others.”

The Inaugural Coinbase Ventures Summit

The Coinbase Ventures Summit goals to be a breeding floor for brand new concepts within the crypto area. Armstrong had beforehand shared 10 concepts he was enthusiastic about in crypto, inviting startups and builders to use for the summit to debate these concepts and extra. The summit’s utility portal is hosted on cbvsummit.com.

Third-Occasion Perspective

Whereas Armstrong’s concept of a Web3 LinkedIn is intriguing, it additionally raises questions in regards to the scalability and adoption of such a platform. The idea of utilizing NFTs for employment verification is novel however would require widespread company adoption to grow to be a normal. Furthermore, the problem of bootstrapping a community impact for a brand new platform will not be trivial and has been a stumbling block for a lot of startups previously.

Conclusion

The Coinbase Ventures Summit and Armstrong’s newest tweet point out a proactive method from Coinbase in fostering innovation within the crypto area. The thought of a Web3 LinkedIn may very well be a game-changer for skilled networking, nevertheless it stays to be seen how the idea will evolve and if it’s going to achieve the traction it must grow to be a actuality.

Picture supply: Shutterstock

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