Coinbase announced the update of its app, called the Base App, at the ‘A New Day One’ event. The new app is designed to unify social interactions, payments, and trading in one platform.
Overview of the Updated App
The Base App replaces the Coinbase Wallet and serves as an all-in-one gateway to the blockchain world. It features tools for trading, earning, chatting, and social posting.
Technical Features and Capabilities
The app operates on Coinbase’s Ethereum Layer-2 network and offers tools for trading, tokenized content, and a new payment system called Base Pay for instant transactions.
User and Investor Reactions
Some users remain skeptical about Coinbase's ambitious plans. However, the new features have been met with enthusiasm, reflected in the rise of COIN stock to a record $400.
The rollout of the Base app highlights Coinbase’s commitment to building a user-friendly infrastructure while reinforcing its position in the blockchain space.
