ChainCatcher news, according to official sources, Coinbase has acquired the stablecoin studio Utopia Labs to accelerate its on-chain payment business."The Utopia Labs team is joining Base to help accelerate our on-chain payment roadmap within the Coinbase wallet. The Utopia team has been dedicated to building on-chain payment products for years."

ChainCatcher news, DAO solution Utopia announced that it will cease all services on November 6, and the product will be available for free until the end of this month. The project emphasized in the announcement that this action does not mean the closure of the company, but rather a shift away from existing products and current directions.It is reported that Utopia is a provider of payroll, expense, and operations management for DAOs, which can streamline operations, manage payroll, and integrate financial reporting. Previously, in June 2022, the project raised $23 million in funding led by Paradigm, with participation from Circle Ventures, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global, and others.

ChainCatcher news, NFT company Utopia Group announced the completion of a €10 million financing round, led by Asterius VC, which will provide consulting support for the launch of its first NFT series, Utopia Avatars.Utopia Avatars will mint a total of 9,922 NFTs on the Ethereum blockchain, and the project is also supported by celebrities such as Randi Zuckerberg, sister of Mark Zuckerberg, Pepe Bastón, Deepak Chopra, Maha Abouelenein, and Huda Kattan. (source link)