.Coinbase says its wallet-as-a-service could help companies “bring the next hundred million customers into Web3' by allowing gaming apps to use NFTs as part of a game, or by companies that might want to incorporate a wallet into an app.
The service could be used by gaming apps where tokens or non-fungible tokens are part of the game, or by companies that might want to incorporate a wallet into an app and make that “almost invisible to the end user,” Patrick McGregor, Coinbase’s head of product for Web3 developer platforms, said in an interview.
“We view this as being the central enabling technology and revenue source for our developer strategy,” McGregor said. Fees will be charged on a per-wallet basis, he said. Traditional crypto wallets are “difficult for users to access” because of their “complex mnemonic seeds” and “counterintuitive” user interfaces, Coinbase said. “In a world where wallets are simple, companies can finally build Web3 experiences accessible to everyone regardless of technical knowledge.”
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