Post a Free Blog

Submit A Press Release

Friday, March 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessCoinbase Unveils Web3 Products for Mobile App Customers

Coinbase Unveils Web3 Products for Mobile App Customers

Exchange company Coinbase Global, Inc. has introduced multiple Web3 products, including a decentralized app (DApp), decentralized finance (DeFi) wallet, and a browser for a restricted group of its mobile app customers.

For a select group of Coinbase mobile app customers, Web3 application functionality, including a hot wallet and browser, has been rolled out. These users will be able to use the app to access Ethereum-based DApps like Uniswap and OpenSea.

Web3 is a decentralized version of the internet that uses blockchain-based technologies. Blockchain developers, machine learning specialists, app developers, front-end and back-end developers, user interface (UI) and user experience (UX) designers, data analytics professionals, and content writers are all needed by companies that want to develop apps and Web3 platforms.

Eligible users will be able to trade on nonfungible token (NFT) marketplaces, make swaps on decentralized exchanges (DEXs), and interact with DeFi lending protocols to borrow and lend funds, according to Coinbase’s director of product management Rishi Dean’s announcement on May 17.

Along with the mobile browser that provides access to DApps, there is a hot wallet that customers can use to exchange funds, he said. Unlike some decentralized hot wallet apps, the Coinbase hot wallet will come with a co-custodial setup.

Dean stated that sharing custody of the keys is a security feature designed to protect users from device-related problems. This means that the private key for the wallet will be stored by the company and can be personally stored by the user, the director stated.

The wallet and DApp functionality are operated with multi-party computation (MPC) technology, which secures the privacy of senders and receivers while ensuring the accuracy of a transaction.

Coinbase’s expanded wallet functionality is promising for Web3 developers who may find it difficult to onboard new users to show off their work. The exchange boasts about 90 million registered users, according to Statista, the statistics portal for market data.

This is the second major Web3 product rollout this month. The exchange launched its long-awaited Coinbase NFT marketplace on May 4 to a showing of $75,000 in sales volume from 150 transactions on its first day.

(Photo/ Credit: Nadezda Murmakova )

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Walgreens Boots Alliance Shares Gains 3 percent Following Q2 Results

Walgreens Boots Alliance (NASDAQ:WBA) shares rose more than 3%...

Home Depot to Buy SRS Distribution

Home Depot (NYSE:HD) announced its intention to purchase SRS...

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on...