Leading US crypto exchange Coinbase has revealed plans to launch a cryptocurrency app store offering third-party developed products.
Coinbase CEO Brian Armstrong has revealed that the cryptocurrency exchange is planning on launching a crypto app store. The app store would allow third-party developers to develop and host their products.
In his Medium post, Armstrong said the rise of Decentralised Finance (DeFi), non-fungible tokens (NFTs), smart contracts, Decentralised Autonomous Organizations (DAOs) and more had created the need for Coinbase to expand its services to help more people access the decentralised economy.
To make it easier for people to access these new innovations, Coinbase will launch a crypto app store. “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 desire to launch a cryptocurrency app store is to enter the decentralised economy. Armstrong estimates that the decentralised economy is worth tens of bills of dollars and by launching a store to support dApps, Coinbase will make it