ChainCatcher news, Coinbase's L2 blockchain Base officially announced that its ecosystem fund, Base Ecosystem Fund, has completed investments in six projects.The projects that received investment include: Avantis (an oracle-based synthetic derivatives protocol), BSX (a decentralized limit order book), Onboard (on-chain self-custody service), OpenCover (an L2 insurance aggregator working with underwriters like Nexus Mutual), Paragraph (an on-chain creator platform), and Truflation (an on-chain financial oracle).In addition, Base stated that it will collaborate with relevant teams to promote the development of the Base ecosystem and bring more builders and users on-chain.

ChainCatcher news, according to CoinDesk, insurance provider OpenCover has completed a $4 million seed funding round, led by NFX and Jump Crypto, and has also secured an additional $200,000 from Coinbase, and is now live on Base.OpenCover CEO Jeremiah Smith stated that OpenCover has also launched an insurance alternative on Optimism and is currently collaborating with Aave, Uniswap, Curve, Safe, Morpho, Synthetix, Beefy, Angle, 1inch, and Yearn.