Source: news.google.com
Major US-based crypto exchange Coinbase says it is focusing on accelerating adoption of crypto assets and Web3 protocols.
In a new company blog post, the world’s second-largest digital asset exchange says it aims to “serve as a bridge” to Web3 for its clients by “overloading” key building blocks.
First, Coinbase says it will focus on improving the security of its proprietary crypto wallet, as bad actors have recently dropped tokens into users’ wallets, attempting to lure them to websites that would compromise their security.
“We recently announced the DApp [decentralized application] spam token management tools and block lists for Coinbase Wallet… Coinbase Wallet hides assets from your home screen that are known to be malicious and gives you the ability to report suspicious tokens appearing in your wallet.”
Next, the crypto exchange giant says it will focus on non-fungible tokens (NFTs) as a means of promoting crypto adoption. According to the blog post, Coinbase plans to beef up user access to NFT markets as well as developer tools.
“Our strategy at Coinbase is to take care of all Web3 tools, so creators can focus on what they do best – building a community… You can also access all the major NFT markets in the app browser. [and] directly see the offers in their NFTs”.
Coinbase says it is also using its cloud-based services to help developers build Web3 infrastructure.
“If we can make it easier for developers to build decentralized apps, amazing experiences, games and social networks on Web3, we can give more people access to the economic freedom that Web3 offers…
The goal of the Coinbase Cloud is to help Web3 developers build a better, more secure, and decentralized Internet.”
Lastly, the crypto exchange says it is focusing on institutional adoption, saying that top-tier investors are becoming increasingly interested in decentralized finance (DeFi), cryptocurrency staking, NFTs, and trading protocols. governance.
“We are seeing increased demand from institutions for features and functionality to access and interact with Web3 and DeFi, and we are building to meet those demands.”
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