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HomeNFTCoinbase Says It's Focusing on Digital Wallet, NFTs and More To Accelerate...

Coinbase Says It’s Focusing on Digital Wallet, NFTs and More To Accelerate Crypto and Web3 Adoption

Top US-based cryptocurrency exchange Coinbase says it is focused on accelerating adoption of crypto assets and the Web3 protocol.

in a new company blog postIt is the second largest digital asset exchange in the world.

First, Coinbase says it will focus on upgrading the security of its own crypto wallets, as malicious actors have recently airdropped tokens into user wallets and tried to lure them to insecure websites. says.

“We recently announced a DApp. [decentralized application] Coinbase Wallet Blocklist and Spam Token Management Tools… Coinbase Wallet provides the ability to hide known malicious assets from the home screen and report suspicious tokens appearing in the wallet. ”

Next, the crypto exchange giant says it will focus on non-fungible tokens (NFTs) as a means to boost crypto adoption. According to a blog post, Coinbase plans to enhance user access to its NFT marketplace, not just development tools.

“Our strategy at Coinbase is to take care of all Web3 tools, so that creators can focus on what they do best: building communities … and an in-app browser for all web3 tools. Get access to major NFT marketplaces. [and] Display offers directly in the NFT. ”

Coinbase says it also utilizes cloud-based services to help developers create the Web3 infrastructure.

“If we can make it easier for developers to build decentralized applications, great experiences, games and social networks on Web3, we can give more people the economic freedom that Web3 offers.

Coinbase Cloud’s goal is to help Web3 developers build a better, more secure, decentralized internet. ”

Finally, the cryptocurrency exchange said that blue-chip investors are increasingly interested in decentralized finance (DeFi), cryptocurrency staking, NFTs, and governance protocols, citing institutional adoption. said to be focused.

“We are seeing increasing demand from institutions for the ability to access and interact with Web3 and DeFi, and we are building to meet those demands.”

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Featured Image: Shutterstock / Pantuari

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