Coinbase has recently launched a new web application designed to improve the user experience by providing a unified interface for managing multiple cryptocurrencies.
Coinbase announced in a blog post on Thursday that it will shortly release a new web application allowing users to manage their digital assets, tokens, NFTs, and DeFi positions. This initiative aims to enhance the user experience by enabling the integration of multiple wallets within a single platform.
The web application is a component of Coinbase’s overarching strategy to transition all of its approximately 100 million users to the blockchain.
The new app was primarily inspired by user feedback, according to Sid Coelho-Prabhu, the Senior Director of Product Management at Coinbase. Coelho-Prabhu observed that the center was established for the following reason:
“We received feedback that users wanted a simple way to manage their assets and view their portfolio on the blockchain.”
The new Coinbase Wallet web app also allows users to link multiple wallets and display the aggregate balance of their cryptocurrencies. This encompasses positions on chains such as Bitcoin, Solana, and Ethereum, tokens, NFTs, DeFi assets, and other linked networks.
The application interface is intended to eradicate the necessity of managing multiple wallets and platforms by offering the user a unified, comprehensive view of their on-chain assets.
Users can trade over 2 million tokens across eight circuits using any wallet that is connected to the application. Additionally, the web application features a seamless integration with the Coinbase smart wallets, which offer gasless transactions on specific mints and the ability to spend directly from a Coinbase account on-chain through MagicSpend.
The Coinbase Wallet web app also includes features that enable creators to generate NFTs directly on the platform and distribute them to their followers. This feature is beneficial because it grants creators greater autonomy and enables them to generate additional revenue streams.
As a result, the application’s strategy is to consolidate all current on-chain products into a single application, a concept observed in Coinbase NFT.
