TechFlow reported that Coinbase Ventures, the venture capital arm of Coinbase, has invested $1 million in SPOT, a decentralized low-volatility commodity currency developed by the Ampleforth Foundation.
SPOT will launch on Base, the Layer 2 network incubated by Coinbase, and a new market for SPOT will go live on Aerodrome Finance's decentralized exchange. Designed to combine the characteristics of fiat money and hard commodities, SPOT aims to create an asset that is "fully decentralized" and exhibits "significantly low volatility."




