By Sid Coelho-Prabhu, Group Product Manager
More and more people are discovering the benefits of crypto, web3, and blockchain-enabled experiences. To meet the needs of these new users, we are investing in accessible and user-friendly experiences that make it easier to participate in decentralized finance (DeFi) and collect non-fungible tokens (NFTs). We believe this is especially important for self-custody wallets given the added responsibility placed on the user in managing their own crypto.
With Coinbase Wallet, we are building the most user-friendly self-custody experience in crypto, including making it easier to manage your crypto across a range of supported networks. We are also adding some of our users’ most requested features to Wallet extension, including the ability to natively trade on decentralized exchanges (DEXes) and bringing NFT collections directly into the browser.
Many networks, one wallet
The surge of interest in crypto this year has sparked many positive developments, but it also has exposed some of the pain points associated with scaling. High network fees and longer processing times on the most popular blockchains are major hurdles for continuing to grow the use of crypto around the world.
Fortunately, there is a lot of activity within the crypto community that aims to address today’s scaling issues. Layer 2 solutions, sidechains, and Layer 1 networks that are compatible with the Ethereum Virtual Machine (EVM) are playing a vital role in helping Ethereum scale, making it more affordable and efficient to trade crypto, buy NFTs, or borrow from a…