Blockchain infrastructure platform Coinbase Cloud has officially launched its Web3 developer platform, which allows users to create new decentralized applications for free.
The new developer platform, dubbed Node, allows users to build and monitor Web3 applications while accessing the Ethereum blockchain and indexers, the company revealed on Wednesday. Although Node offers a tiered subscription model, the free plan includes access to advanced APIs that enable the creation of decentralized applications and NFTs (non-fungible tokens).
Coinbase Cloud claims that Node enables faster creation of Web3 applications, while reducing both complexity and cost. This is in addition to the platform’s broader service offering, which includes all-in-one access to payment, identity, commerce and data infrastructure.
As its name suggests, Coinbase Cloud was created by cryptocurrency exchange Coinbase in 2021 to provide developers with familiar tools to build decentralized products. Shortly after the launch of the developer suite, 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 a buzzword describing a future version of the Internet. However, developers, venture capitalists, and investors have a vested 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 Cryptocurrency Convention attended by Cointelegraph, Trust Wallet CEO Eowyn Chen said there were three obstacles preventing widespread adoption of Web3: security, ease of use, and privacy. As she outlined some solutions, Chen said the bear market could provide an excellent opportunity to address consumer concerns before Web3 concepts garner more mainstream attention.
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