In 2021, Coinbase vowed to become the Amazon Web Services of crypto. Now, it’s targeting Web3 development through Coinbase Cloud.
Blockchain infrastructure platform Coinbase Cloud has officially rolled out its Web3 developer platform, allowing users to build new decentralized applications free of charge.
The new developer platform, dubbed Node, allows users to create and monitor Web3 applications while accessing the Ethereum blockchain and indexers, the company disclosed Wednesday. While Node offers a tiered subscription model, the free plan includes access to advanced APIs that allow for the creation of decentralized applications and nonfungible token (NFT) applications.
Coinbase Cloud claims that Node enables faster creation of Web3 applications while reducing both complexity and cost. This feeds into the platform’s broader service offerings, which include all-in-one access to payments, identity, trading and data infrastructure.
As the name implies, Coinbase Cloud was created by crypto exchange Coinbase in 2021 to provide developers with familiar tools for building decentralized products. Shortly after the developer suite was launched, Coinbase executives proclaimed that they “want to be the AWS of crypto,” referring to Amazon Web Services, which powers the enterprise cloud market.
Web3 has become an all-encompassing buzzword describing some future version of the internet. Still, developers, venture capitalists and investors have a keen interest in identifying and formulating what this future internet will look like beyond the common features of decentralization and user-controlled communities.
At the recent Australian Crypto Convention that Cointelegraph attended, Trust Wallet CEO Eowyn Chen said three roadblocks were preventing widespread Web3 adoption: security, ease of use and privacy. While she outlined some solutions, Chen said the bear market could provide an excellent opportunity to address consumer concerns before Web3 concepts attract more mainstream attention.