Coinbase Is Launching A Crypto App Store

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In a company blog post released this week, major crypto exchange Coinbase has shared that it is working on a crypto app store. The app store will be built for third-party developers to help increase access to the “decentralized cryptoeconomy” – culminated by an increasing amount of tools within DeFi, NFTs, smart contracts, DAOs, and more.

Coinbase: Embracing Decentralization

The blog post, written by CEO Brian Armstrong and titled “Embracing decentralization at Coinbase”, alludes to inspiration from Apple’s Storefront. “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps. We need to do the same in crypto,” the post states. The release also states growth opportunities, and the importance of being global as two other pillars around increasing the value-add for Coinbase consumers.

“The use cases are here,” claims Armstrong – and rightfully so. Crypto-based assets beyond simple tokens have been on a tear this year, including NFTs with physical and tangible associated assets, integrated dApps, and sports and entertainment ‘fan tokens’ to name just a few examples.

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Looking Forward

There is no timetable set yet for the app store’s…

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