Coinbase’s New App Allows Users to Track All On-chain Wallets and Interact With Web3 From a Single Point

Coinbase is launching a platform for Web3 users to easily view, manage, and interact with their holdings and DeFi investments, offering a seamless onboarding process and improving user experience. Beyond that, this new app will also make it convenient for users to settle payments, communicate with others involved in transactions, and connect to numerous Web3 use cases.

In an announcement, Coinbase introduced the app to the ecosystem, “Today, we’re excited to introduce the new Coinbase Wallet web app—your ultimate hub for everything onchain. This innovative platform serves as your one-stop destination to explore, manage, and engage with people, communities, and businesses onchain.”

The platform will exist as a web app designed to address the pressing needs users face while interacting with digital assets and dApps. This development can also offer a smooth transition for new users entering the ecosystem, possibly increasing Web3 adoption.

Coinbase listed the issues users face while interacting with Web3 use cases, “Many people also manage several crypto wallets, and until now, achieving a comprehensive view of all their assets in one place has been a challenge. Furthermore, many desktop users had been constrained by the small viewport of browser wallet extensions.”

Regarding what is required, “From swapping and minting to messaging, paying, buying, and transferring, the need for a unified view of all your interactions across chains and apps has never been more critical.”

Users can view a consolidated version of their portfolios spread across multiple self-custodial wallets from a single screen and navigate to view holdings in individual wallets. They can also open trading positions through the exchange’s centralized products or on any of the eight chains the platform supports—Ethereum, Base, Arbitrum, Optimism, BSC, Polygon, Avalanche, and Solana.

Other features include minting NFTs without fees and selling them to buyers natively on the web app.

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