Coinbase has launched a new Smart Wallet, which aims to simplify the user experience and bring more people onchain. The wallet integrates with Coinbase accounts, allowing users to create a wallet in less than 15 seconds and fund it directly. This innovation eliminates the need for seed phrases by using passkeys and biometrics. Additionally, Coinbase is subsidizing transaction fees for an initial period to encourage adoption, with Luke Youngblood from Moonwell suggesting this support may continue longer. The Smart Wallet also features Magic Spend, enabling users to spend their Coinbase balance directly in onchain apps like Uniswap and Aave. This initiative, part of Coinbase's broader strategy to onboard 1 billion users to the blockchain ecosystem, is supported by the @base platform.