The NEAR Foundation made an announcement today regarding Coin98, a versatile multichain wallet and DeFi platform boasting more than 7 million users across 170 countries. Coin98 has introduced a decentralized dapp store, driven by the NEAR Blockchain Operating System (B.O.S), marking a significant step towards enhancing the Web3 user experience.
NEAR-Powered Platform Streamlines Access to L2 Ecosystems
Coin98’s new decentralized dapp store aims to simplify and improve the accessibility and discoverability of apps within prominent Ethereum Layer-2 ecosystems. This innovative marketplace is part of Coin98’s broader mission to provide a one-stop DeFi experience for everyday Web3 users, offering both web and mobile applications that support over 70 chains and 15,000 dapps.
The B.O.S gateway integration into the Coin98 Super Wallet enables users to explore new Layer-2 and DeFi ecosystems with ease. This single interface offers access to applications, cross-chain bridging, money markets, and decentralized exchanges. Notably, the frontend code is fully decentralized and stored on-chain, within the NEAR ecosystem.
Coin98’s Strategic Move in the Competitive Wallet Market
Coin98’s decentralized dapp store will encompass support for a variety of top Layer-2 solutions, including Polygon zkEVM, zkSync, Base, and Linea. Users can access these solutions via the Coin98 website and mobile application, providing a user-friendly and streamlined experience. Connecting their Coin98 Super Wallet grants users access to widgets dedicated to each ecosystem, simplifying the onboarding process and centralizing access to bridge and DeFi protocols.
Utilizing NEAR’s chain-agnostic B.O.S tech stack, Coin98 has created a truly decentralized app store. The dapps featured on the Coin98 gateway are composed of frontend components with code stored on-chain within the NEAR ecosystem. This approach allows Coin98 to deliver a user-friendly, fully decentralized app store.
Coin98’s strategic addition of a decentralized dapp store to their Super Wallet underscores their commitment to enhancing user acquisition and engagement in a competitive wallet market. By providing an efficient and streamlined way to interact with top Layer-2 solutions, Coin98 positions itself as a leader in the blockchain space.
Coin98 Founder Thanh Le expressed, “At Coin98, we are dedicated to providing our users with the very best one-stop DeFi experience in our pursuit of the vision to make Web3 accessible for everyone. With NEAR’s B.O.S, we can create a user-friendly interface thanks to its composability while enabling decentralization under the hood. Our dapp store offers hassle-free interaction with the most exciting L2s in the market. Soon, we will expand our collection to offer even more ecosystems and dapps, as B.O.S greatly reduces the development process, enabling a fast and scalable way to integrate new applications.”
The B.O.S frontend layer simplifies the development process, making it easy and scalable over time. Developers can choose from a catalog of frontend components, streamlining the incorporation of new ecosystems at scale, unlike native chain integrations.
Coin98’s decentralized app store exemplifies the power of B.O.S in enhancing the Web3 user experience, effectively addressing the persistent challenges of complex onboarding and fragmented user experiences. B.O.S emerges as a solution that streamlines onboarding, providing an efficient gateway for both new and experienced users.
NEAR Protocol co-founder Illia Polosukhin remarked, “The NEAR ecosystem is excited to see Coin98 build their decentralized app store on the B.O.S and deliver much better experiences to their users. This is exactly why we set out to build the B.O.S: because NEAR’s technology can help founders achieve decentralization and discoverability in parallel. Now Coin98’s users can explore multiple L2 ecosystems all in one app, through the wallet of their choice, in seconds, with no complexity or switching costs. NEAR’s mission is to drive mainstream adoption of the Open Web through great user experiences, and we hope more founders and projects will join us in building on the B.O.S.”
Coin98’s decentralized app store launch follows the introduction of major B.O.S gateways by Polygon zkEVM and Mantle, two prominent Layer-2 ecosystems. The success of these wallet gateway partners underscores the benefits that B.O.S brings to Web3 founders, simplifying the blockchain experience and expanding access to the Open Web globally.
