Making web3 and the world of crypto extra user-friendly and accessible

By Sid Coelho-Prabhu, Group Product Manager

More and extra individuals are discovering the advantages of crypto, web3, and blockchain-enabled experiences. To meet the wants of those new customers, we’re investing in accessible and user-friendly experiences that make it simpler to take part in decentralized finance (DeFi) and accumulate non-fungible tokens (NFTs). We consider that is particularly necessary for self-custody wallets given the added duty positioned on the consumer in managing their very own crypto.

With Coinbase Wallet, we’re constructing essentially the most user-friendly self-custody expertise in crypto, together with making it simpler to handle your crypto throughout a spread of supported networks. We are additionally including a few of our customers’ most requested options to Wallet extension, together with the flexibility to natively commerce on decentralized exchanges (DEXes) and bringing NFT collections immediately into the browser.

Many networks, one pockets

The surge of curiosity in crypto this yr has sparked many optimistic developments, but it surely additionally has uncovered a few of the ache factors related to scaling. High community charges and longer processing occasions on the preferred blockchains are main hurdles for persevering with to develop the usage of crypto across the world.

Fortunately, there may be numerous exercise inside the crypto group that goals to handle right now’s scaling points. Layer 2 options, sidechains, and Layer 1 networks which are suitable with the Ethereum Virtual Machine (EVM) are taking part in an important position in serving to Ethereum scale, making it extra reasonably priced and environment friendly to commerce crypto, purchase NFTs, or borrow from a liquidity pool.

And these networks have gotten increasingly more widespread. Over the previous 60 days, now we have seen a 300% improve within the variety of every day Coinbase Wallet cellular customers who change their lively community at the least as soon as. This implies that customers are more and more utilizing Coinbase Wallet to entry dapps, together with DeFi, gaming, and NFTs, on networks that will provide decrease community charges and quicker transaction occasions.

But extra networks can imply extra work for the consumer. Having to maintain observe of token balances break up throughout a number of networks and manually change between networks to entry dapps and crypto experiences makes for a prohibitively advanced consumer expertise.

Coinbase Wallet is making it simpler than ever to get pleasure from the advantages of those networks with out the trouble or headache. In each the cellular app and desktop browser extension, Coinbase Wallet will now present your token balances throughout all supported networks in a single easy, unified view. In addition to belongings held on the Ethereum mainnet, Wallet will show tokens on the Arbitrum, Avalanche, Binance Smart Chain, Fantom, Optimism, Polygon, and xdai networks.

https://medium.com/media/18056da9c1aa0f01a471b368c967a468/href

To spherical out our scaling updates for 2021, now we have additionally added assist for EIP-3085, which permits dapps to counsel a particular community to the consumer. When a dapp needs to counsel a community that differs from the consumer’s present community, Coinbase Wallet will ask the consumer to substantiate the change. This removes the guesswork of choosing the right community and cuts down the variety of steps it takes to alter between networks — with only one faucet on cellular or one click on on desktop, your pockets shall be able to go.

Direct entry to decentralized exchanges

At the start of 2021, we launched assist for Coinbase Wallet cellular customers to commerce on decentralized exchanges proper from their Wallet dwelling display screen. Powered by APIs with Uniswap and 0x, Wallet customers abruptly may commerce over 4,000 tokens proper from the consolation of their Coinbase Wallet app.

In November, we launched our standalone browser extension for Coinbase Wallet, making it simple for customers to have interaction with dapps, earn curiosity with DeFi, and accumulate NFTs from their pc. The newest replace to Wallet extension brings the native DEX buying and selling performance that Wallet cellular customers have loved on their telephones into the Wallet extension.

With Wallet extension’s built-in worth charts and the brand new ‘Convert’ button, customers can keep updated on what’s taking place within the crypto markets and execute trades with just some clicks.

Looks uncommon

We are excited to announce that your NFT assortment is coming to Coinbase Wallet’s browser extension. Soon, customers will be capable to view their NFT assortment from inside the Coinbase Wallet extension, simply see their NFTs’ attributes, and simply entry widespread NFT marketplaces like OpenSea.

We shall be launching assist for NFTs within the browser extension in just some days, so ensure you have the most recent model of the browser extension put in from the Chrome webstore.

Unlocking the world of crypto in 2022

This yr has been crammed with main milestones for Coinbase Wallet, however it’s really just the start. We need to empower everybody to make use of dapps and web3 by constructing the easiest-to-use and most accessible self-custody pockets within the ecosystem, with a significant deal with reducing the boundaries to entry for self-custody.

We have bold plans for Wallet subsequent yr, together with making our native DEX buying and selling characteristic extra accessible and reasonably priced and leveling up the expertise of shopping for, promoting, and accumulating NFTs. And simply final week, we introduced that Wallet will assist {hardware} wallets in early 2022, a significant enhancement that can introduce new ranges of safety and option to Wallet’s customers.

Experience the most recent enhancements for your self by downloading Coinbase Wallet without spending a dime from the App Store on iOS, Google Play on Android, or the Chrome internet retailer. Make certain to comply with us on Twitter @CoinbaseWallet for the most recent Wallet-related information.


Making web3 and the world of crypto more user-friendly and accessible was initially printed in The Coinbase Blog on Medium, the place individuals are persevering with the dialog by highlighting and responding to this story.

Add a Comment

Your email address will not be published. Required fields are marked *