What is Coinbase's base Ecosystem Fund?

Could you elaborate on Coinbase's Base Ecosystem Fund? I'm curious to understand its purpose, objectives, and how it fits into the broader cryptocurrency and financial landscape. Is it aimed at supporting emerging projects? Does it invest in specific types of companies or technologies? What role does it play in advancing the crypto ecosystem, and how does it contribute to the growth and development of the industry? I'd appreciate a concise yet comprehensive overview of this fund and its significance in the current market.