Coinbase has launched a new Smart Wallet that aims to simplify the user experience in blockchain transactions, solving common problems such as complex onboarding processes, network fees and the need for recovery phrases.
Smart Wallet allows users to quickly create a secure, self-custodial wallet using familiar authentication methods such as Face ID, Google Chrome, and fingerprint unlock.
A notable feature is the gasless transaction feature, which enables developers to sponsor transaction fees for users via paymaster integration, removing the barrier of network fees.
Achieve mass adoption by simplifying the onboarding process
The wallet supports multi-chain transactions and integrates with major on-chain applications, allowing users to carry their wallets, identities, and balances across various applications initially supporting eight networks - Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora.
In addition, the accompanying web application provides functions such as identity management, purchase, send, exchange, NFT and transaction history, serving as the main platform for managing smart wallets.
Coinbase now offers rewards to developers who integrate Smart Wallet into their applications. The integration process requires minimal coding, and developers can earn gas credits through the Base Gasless Campaign and $ETH rewards through the Base Buildathon.
