Coinbase has recently launched a new Wallet web application, a centralized platform designed to streamline the management of onchain assets. By connecting multiple wallets, users can now access a comprehensive view of their crypto, NFTs, and DeFi positions without toggling between wallets. A convenient gateway to the onchain ecosystem, this innovative web application is accessible on both desktop and mobile devices. The Coinbase Wallet web app provides a seamless experience by supporting a diverse selection of self-custodial wallets, such as Phantom, MetaMask, and smart wallets through Wallet Connect. Any self-custodial wallet compatible with Wallet Connect can provide a single aggregated view of all assets.
The application allows users to directly purchase, exchange, transmit, stake, and mint cryptocurrency from any connected wallet. It also introduces unique features such as MagicSpend, which enables onchain payments directly from a Coinbase account, and free, gasless transactions on select mints. By consolidating existing onchain products, such as components of Coinbase NFT, into the new Wallet web application, the platform aims to reduce inefficiencies. Creators can now mint and distribute NFTs, enabling effective monetization of their content. Coinbase further solidifies its status as a leader in onchain technology by offering the ability to establish new smart wallets and fund them using Coinbase balances or linked payment methods, thereby improving the overall user experience.
