ChainCatcher news, according to CoinDesk, Coinbase is about to launch two new wallet solutions: a smart wallet and an embedded wallet.The smart wallet will complement the Coinbase Wallet SDK, which is a software toolkit that allows users to create wallets in decentralized applications instantly using keys, without the need for complex processes like seed phrases. This wallet is built on top of the Coinbase Layer network Base. The embedded wallet will be supported by "wallet as a service" (WaaS), which allows companies to customize blockchain wallets for their own customers.

ChainCatcher news, the NFT marketplace OpenSea stated on the X platform that just three weeks after its launch, over 100,000 users have registered via email to create OpenSea's embedded wallet.

ChainCatcher news, Coinbase Cloud tweeted that it will launch an embedded wallet, and the early access whitelist is now open. This wallet will be powered by Wallet-as-a-Service technology, providing an enterprise-level solution that helps developers create white-label, non-custodial crypto wallets.

ChainCatcher news, data privacy solution provider Privy announced that it will launch global embedded wallets to customers in the coming months. The core features of embedded wallets include self-custody and interoperability. Self-custody means that users are the only ones who can access and use the cryptographic keys that protect their accounts, ensuring that they maintain control over their data and assets across any platform. Interoperability refers to the ability for users to transfer assets and data between different applications, making it easier for developers to build experiences from multiple systems that rely on each other.