Nfts
Coinbase Launches Smart Wallet, Offers Gas-Free Transactions
Coinbase has launched a new smart wallet designed to streamline the user experience in blockchain transactions, addressing common issues such as complex onboarding processes, network fees and the need to recovery phrases.
The Smart Wallet allows users to create a secure account, self-custodial wallet quickly using familiar authentication methods like Face ID, Google Chrome, and a fingerprint unlock feature, among others.
A notable feature is the gasless transaction capability, allowing developers to sponsor transaction fees for users through Paymaster integrations, removing the network fee barrier.
Source: Coinbase
Drive mass adoption with simplified onboarding
The wallet supports multi-chain transactions and integrates with major on-chain applications, allowing users to carry their wallet, identity and balances across various applications initially supporting 8 networks: Base, Ethereum, Optimism, Arbitrum , Polygon, Avalanche, BNB and Zora.
Additionally, a companion web application provides features such as identity management, purchasing, sending, exchanging, NFTand transaction history, serving as the primary platform for managing smart wallets.
Coinbase now offers incentives to developers who integrate smart wallets into their apps. The onboarding process requires minimal coding and developers can benefit from gas credits through the Base Gasless campaign and $ETH rewards through the Base Buildathon.
For more information and an update on this release, follow Coinbase on X.
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*All investment/financial opinions expressed by NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product before making any type of investment.
Blockchain enthusiast and long-time gamer.