The Layer 2 network Base, backed by Coinbase, has acquired the development team behind Iron Fish. This blockchain project focuses on enhancing privacy features in cryptocurrency transactions. With this acquisition, Base aims to bolster its capabilities in the growing demand for secure and private blockchain solutions. The move indicates that Coinbase is committed to advancing blockchain technology while addressing privacy concerns among users. This development may attract more investors looking for privacy-focused solutions in the crypto market, thus positioning Base favorably within the competitive landscape.