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 for recovery phrases.
The Smart Wallet allows users to quickly create a secure, self-contained wallet using well-known authentication methods such as Face ID, Google Chrome, and a fingerprint unlock feature.
A standout feature is the gasless transaction capability, which allows developers to sponsor transaction fees for users through payment master integrations, removing the barrier of network fees.
Source: CoinbaseUsher in 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 balance across different apps initially supporting 8 networks: Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB and Zora.
Additionally, an accompanying web app provides features such as identity management, buying, sending, trading, NFTs, and transaction history, and serves as the primary platform for managing smart wallets.
Coinbase is now offering incentives for developers who integrate the Smart Wallets into their applications. The integration process requires minimal coding and developers can take advantage of gas credits through the Base Gasless Campaign and $ETH rewards through the Base Buildathon.
Follow Coinbase on X for more information and updates on this release.
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