All through crypto’s existence, the quintessential problem it’s repeatedly come back with “what do I do with crypto?”. Finally, with L2s maturing and new applications emerging, we are starting to solve this problem. This is what Base is tackling head on by evolving Coinbase Wallet from a simple asset management solution to the home base of crypto and it’s L2 Base.
By deeply leveraging Farcaster, the decentralized social protocol, Coinbase Wallet transforms itself into a vibrant onchain social hub - bringing real-time community interactions and seamless crypto transactions into one intuitive experience. Imagine effortlessly browsing your social feed, minting NFTs, participating in community polls, and engaging directly with creators - all without leaving the app.
This vision comes to life with Coinbase Wallet’s native Farcaster integration. Users experience rich social interactions directly tied to onchain actions, breaking down traditional barriers between wallet management and social media.
Neynar: powering the new Coinbase Wallet behind the scenes
Neynar is tightly integrated across the new app.
Onboarding new users with one, simple API call: Soon, Coinbase Wallet will use Neynar to deploy an Optimism smart wallet, create a Farcaster account and register user profile in one REST API call to create a smooth user onboarding flow. Neynar handles all onchain transactions creating an instantaneous onboarding process without the user having to pay protocol fee or understand the underlying technical details.
APIs powering seamless social experiences: Coinbase Wallet leverages Neynar to hydrate casts directly in users’ home and channel feeds, instantly fetch detailed user profiles, map follower and following graphs, and handle real-time conversations and replies. Our work on latency and reliability ensures that each interaction feels seamless, instantly responsive, and deeply integrated into the wallet experience.
Real-Time notifications: Neynar’s Kafka streaming capabilities and mini app host notifications stack deliver instantaneous notifications across Coinbase Wallet’s client and mini-app ecosystem. Protocol actions show up as notifications on Coinbase Wallet, as well as mini app developers can send notifications to mini app users across multiple Farcaster clients.
Advanced analytics with Parquet pipelines: Coinbase Wallet employs Neynar’s Parquet pipelines.This integration powers the app’s reward systems, analytics, and personalized user experiences - allowing Coinbase Wallet to incentivize meaningful interactions and valuable community contributions.
Filtering noise, elevating quality with Neynar user scores: Coinbase Wallet leverages Neynar scores to filter out spam and noise across Farcaster integration - from notifications to replies under a conversation.
Trending mini apps: Coinbase Wallet uses Neynar APIs to show mini apps by category as well as mini apps trending in the last hour, giving mini app developers great ways to get discovered and get new users.
Coinbase Wallet’s vision: getting everyone onchain
Coinbase Wallet’s integration of Farcaster through Neynar is more than a feature - it’s a strategic shift toward a deeply social, intuitive, and engaging crypto experience. By embedding powerful onchain social capabilities directly within the wallet, Coinbase Wallet is trying to solve the eternal problem of “what do I do onchain?” once new users enter crypto.
New users will have the best known crypto onramp solution, coupled with powerful onchain ecosystem around it that they can dive into. We’re excited to bring this vision to life with them!