Odaily News According to official news, Web3 identity verification tool Privy announced that it has received strategic investment from Coinbase Ventures. It works closely with many product teams of Coinbase (including the Base team) and supports teams such as Blackbird and friend.tech to bring crypto products to mainstream users. The new funds will be used to deepen the cooperation between the two parties and help developers build better products on the chain. This means helping developers build on Base, fund user accounts, set up Coinbase smart wallets, take advantage of Magic Spend, etc.