More people are interested in Web3. However, it still poses some difficulties that may hinder its adoption. In this momentum, Coinbase thinks it has found the solution to make it easier to use. Discover Coinbase Wallet and all the features it offers.
Access all your crypto from one wallet!
Last year was good for decentralized applications (dApps) and Web3. In fact, just like NFTs and decentralized finance (DeFi), investors have set their sights on it and blockchain has benefited greatly. Making Web3 more user-friendly, however, would require finding new ways to connect and interact with dApps across a wide variety of networks and blockchains.
Today through Coinbase Wallet, users can manage their Solana (SOL) and Solana (SPL) tokens among many others. Among them, Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) or even BNB Chain. this update makes it easy to invest in crypto on a growing range of supported networks, with a single wallet.
However, this launch is just the beginning. In fact, the wallet app plans to integrate even more with Solana. This, to provide users with the ability to view and manage their NFTs and connect to Solana dApps directly within the extension.
Why Solana (SOL)?
More and more users are looking for reliable, optimized networks with fast transaction times and low transaction costs. As mentioned above, 2021 will see unprecedented enthusiasm for blockchain networks. This leads to new ecosystems and communities as well as new projects. However, this sudden interest was twofold. As positive as it was, it also had its struggles. In fact, it revealed several issues such as the lack of scaling that could lead to high gas charges.
Solana is one of the fastest growing blockchains in the last year. Currently, there are approximately 1,400 projects spanning DeFi, NFT, and Web3 with over $7.35 billion in total locked-in value (TVL).
Integrating the Coinbase Wallet into the Solana (SOL) ecosystem has many benefits. Until now, users had to track their assets across multiple surfaces when trying to hold SOL and SPL tokens and explore Solana. Today with the Coinbase Wallet extension, they can send, receive and store (SOL) all their EVM-enabled assets.
Get a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and express an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.