Coinbase has introduced a new wallet feature as part of its roadmap to simplify the cryptocurrency user experience. The new on-chain tool enables comprehensive portfolio management across multiple wallets holding cryptocurrencies on several decentralized networks. Dubbed the “Coinbase Wallet web app,” this solution provides a centralized platform for tracking assets, executing token swaps, and sending funds.

Users can access the platform on desktops and mobile phones, exploring eight networks, including Base and Solana (SOL).

The wait is over. Smart wallets are here.

The global crypto growth has been impressive, but wallet management has often posed significant obstacles to mass adoption. Even industry veterans have sometimes found it challenging to use crypto wallets and switch between chains to manage a variety of assets.

Coinbase’s unified solution could address these concerns for both new and existing users. According to Sid Coelho-Prabhu, senior director of product management at Coinbase Wallet, features like eliminating wallet app installations, replacing 12-word recovery phrases with a passkey, gasless development on Base, batched transactions, and a simplified network navigation dashboard will encourage developers and users to embrace Web3.

This solution may be crucial as the blockchain industry gains more traction in the coming months and years. The introduction of smart wallets is expected to significantly enhance the on-chain experience and potentially onboard the next billion users.

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