TechFlow, October 21 — Cobie stated on social media that when he created Echo two years ago, he believed the project had a 95% chance of failure, but never expected it would eventually be acquired by Coinbase. According to the acquisition agreement, Echo will temporarily continue operating as an independent platform under its current brand, while Sonar's publicly available products will be integrated into Coinbase, potentially offering new access points for founders and investors.
Cobie mentioned that over the years, he had multiple conversations with Coinbase CEO Brian Armstrong, mostly offering critical feedback, yet Armstrong always carefully listened to external opinions. Now, Cobie will have the opportunity to directly contribute to improvements rather than just commenting on Twitter.
Previous report, Coinbase acquired the cryptocurrency investment platform Echo for $375 million.
