Web3 identity verification and private key management tool Privy announced strategic investment from Coinbase Ventures, with the specific amount undisclosed. The new funds will be used to deepen the collaboration between the two parties, assisting developers in building better products on-chain. Privy closely collaborates with multiple product teams at Coinbase, including the Base team, to support projects like Blackbird and friend.tech in bringing crypto products to mainstream users.

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<p>According to official sources, Web3 identity verification and private key management tool Privy announced that it has received a strategic investment from Coinbase Ventures. The specific amount has not been disclosed yet. The new funds will be used to deepen the collaboration between the two parties and help developers build better products on the chain. Privy closely collaborates with multiple product teams at Coinbase, including the Base team, to support teams like Blackbird, friend.tech, and others in bringing encrypted products to mainstream users.</p>
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Web3 identity verification tool Privy receives strategic investment from Coinbase Ventures