The Coinbase Wallet Chrome extension now has support for Solana and wallet is a self-custody wallet supplied by Coinbase
There has been a “explosion of interest in web3 and decentralized applications, particularly new financial technologies (NFTs) and decentralized finance (DeFi),” during the previous year. Solana is one of the blockchain networks that has witnessed an increase in usage, having “developed a thriving community of developers and users along the way.”
Making web3 more accessible requires expanding the ways in which users can engage with and connect to dapps across a diverse spectrum of blockchains and networks. Today, we’re announcing the beginning of our support for Solana. Users may now manage their Solana (SOL) and Solana tokens (SPL) alongside tokens on all of Coinbase Wallet’s supported networks, including Ethereum, Avalanche, Polygon, and BNB Chain. This enables users to access additional features of web3 without the need to manage numerous wallets.
Coinbase Wallet integration into Solana dapps is also expected to be added in the near term. “You can store, send, and receive Solana tokens now. Dapp connections, trading, and NFTs are coming soon,” a banner within the app said Thursday. It’s worth mentioning that the Solana ecosystem tokens will be invisible in the Coinbase Wallet mobile app.
Meanwhile, Solana’s NFTs are frequently identifiable by their colourful but boring “pixel art,” and many argue that its customers are more interested in flipping than collecting. According to some, this is because of decreased liquidity. The reduced expenses associated with utilizing the Solana network may have found their best audience among NFT traders with smaller purchasing power, who are often more concerned with short-term profit than sentimental HODLing — a characteristic frequently observed in Ethereum NFT forums. However, many anticipate that with this recent breakthrough, social media companies will begin to pay more attention to the SOL network and perhaps include support for its NFTs. Additionally, superstars like as Michael Jordan and Mila Kunis have turned their attention to Solana and have lately begun launching initiatives within the network.