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Coinbase acquires Utopia Labs team to accelerate on-chain payment deployment

Coinbase announced that the Utopia Labs team will join its Ethereum Layer 2 Network Base to accelerate the development of on-chain payments for Coinbase Wallet. The Utopia Labs team has extensive experience in the field of on-chain payments and will help Coinbase realize its vision of low-cost, fast global on-chain payments in the future.