Coinbase promised to become the Amazon Web Services of cryptocurrencies in 2021. It is now focusing on Web3 development via Coinbase Cloud.
The Web3 developer platform from blockchain infrastructure provider Coinbase Cloud has officially launched, enabling customers to create new decentralized applications at no cost.
Node, the new developer platform, gives customers access to the Ethereum blockchain and indexers while enabling the creation and monitoring of Web3 apps, the company said on Wednesday. Node has a tier system for subscriptions, however the free plan gives you access to more sophisticated APIs that let you build decentralized applications and nonfungible token (NFT) applications.
According to Coinbase Cloud, Node makes it possible to build Web3 applications more quickly and affordably. This contributes to the platform’s wider service offerings, which include all-in-one access to the data infrastructure for trade, payments, and identities.
Coinbase Cloud, as its name suggests, was developed by the cryptocurrency exchange Coinbase in 2021 to give programmers familiar tools for creating decentralized products. Coinbase executives declared that they “intend to be the AWS of crypto” shortly after the developer suite was introduced, referring to Amazon Web Services, which runs the enterprise cloud market.
The term “Web3” is now used to refer to any potential future iteration of the internet. However, beyond the usual aspects of decentralization and user-controlled communities, developers, venture capitalists, and investors have a significant interest in defining and formulating what this future internet will look like.
Security, usability, and privacy were cited by Trust Wallet CEO Eowyn Chen as the three barriers impeding widespread Web3 use at the recent Australian Crypto Convention. While providing some ideas, Chen noted that the current bear market would be a great chance to resolve customer problems before Web3 concepts get wider acceptance.