Coinbase Acquires Iron Fish Team to Enhance Privacy Features on Base
Coinbase has acquired the team behind Iron Fish to enhance privacy features on its layer 2 network, Base.
- The acquisition does not include the Iron Fish blockchain or its native token, which will remain independent under the Iron Fish Foundation.
- Key developers, including CEO Elena Nadolinski and Jason Spafford, will join Coinbase to create a privacy-focused team for Base.
- Coinbase aims to develop privacy-preserving tools for on-chain transactions, stating enhanced privacy is essential.
- The integration of privacy features addresses challenges in blockchain networks that expose transaction details by default.
- Nadolinski will maintain a role on the board of the Iron Fish Foundation, ensuring project continuity.