Coinbase has launched a new Smart Wallet designed to streamline user experience in blockchain transactions, addressing common issues such as complex onboarding processes, network fees, and the need for recovery phrases.
The Smart Wallet allows users to create a secure, self-custodial wallet quickly using familiar authentication methods like Face ID, Google Chrome and a fingerprint unlock feature among others.
One notable feature is the gasless transaction capability, enabling developers to sponsor transaction fees for users via paymaster integrations, removing the barrier of network fees.
Source: CoinbaseUshering Mass Adoption with Simplified Onboarding
The wallet supports multi-chain transactions and integrates with major onchain applications, allowing users to carry their wallet, identity, and balances across various apps initially supporting 8 networks—Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora.
Additionally, a companion webapp provides features such identity management, buy, send, swap, NFTs, and transaction history, serving as the primary platform for managing smart wallets.
Coinbase are now offering incentives for developers who integrates the Smart Wallets into their applications. The integration process requires minimal coding, and developers can benefit from gas credits through the Base Gasless Campaign and $ETH rewards via the Base Buildathon.
For more information and update on this release, follow Coinbase on X.
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Blockchain enthusiast and lifelong gamer.