Originally posted on Twitter February 23rd 2022
Soon everyone will be rocking a Coinbase username
Coinbase is leveraging their 100+ million customer base to create a network effect for their free cb.id usernames.
With the launch of their layer 2, Base, they’re hoping to funnel users from their centralized exchange to their non-custodial wallet, while offering a personalized decentralized identity.
This move could have a significant impact on the web3 landscape, making it hard for users to switch usernames and cannibalizing the namespace, similar to what happened with AOL emails in the 90s.
#coinbase #cbid #web3
And today Coinbase announces WaaS (wallet-as-a-service