Company #Coinbase presented a "universal product" called Base app, which replaces the former Coinbase #Wallet . This application combines a cryptocurrency wallet, trading features, payment tools, chat, and open social networks. The announcement was made at the A New Day One conference in Los Angeles.

The project is built on the basis of the namesake L2 network #Base and supports mini-applications that operate in the #Web3 ecosystem. Users will have access to an open social network based on Farcaster, where publications can be tokenized and monetized without the need to connect third-party platforms or brands.

Base app remains a cryptocurrency wallet, but also has an interface for trading cryptocurrencies, communication, and using Web3 products. Users will be able to buy and sell tokens directly from the social feed, as well as make one-touch payments using NFC technology and $USDC through the Base Pay feature.