New York, NY, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Fantom Foundation today announced the support for the Fantom network on Coinbase Wallet. Fantom is a high-performance, EVM-compatible blockchain platform with an increasingly prominent presence in the world of decentralized finance. Network fees of less than a cent and one-second transaction finality have drawn the support of projects like Curve, C.R.E.A.M, and SushiSwap, as well as a rapidly growing community. The broader Fantom ecosystem is also thriving, and Total Value Locked (TVL) on Fantom DeFi protocols has soared to $850M, representing 2 600% growth since the beginning of May.
Coinbase confirmed the integration of FTM today and now the wallet enables users to carry out transactions in one second with near-zero fees. Over a million users have installed the wallet app and this integration will give them access to Fantom’s secure and fast DeFi ecosystem.
Fantom has extended Coinbase Wallet support within the Fantom fWallet. Users can sync their Coinbase Wallet account to their Fantom fWallet and conduct a number of activities such as stake FTM and earn rewards.
Coinbase Wallet users can easily access and use the Fantom network, and engage with a number of Fantom dapps. Coupled with the streamlined interface of the Coinbase Wallet, fast transaction speeds and low fees on the Fantom network ensure an excellent user experience.
Connect Fantom to the Coinbase Wallet
Connecting to the Fantom Opera network is simple
Log into the Coinbase Wallet mobile app
Simply click the Settings icon
Select Active Network, and select Fantom Opera
Getting started with Fantom and fWallet
Once connected to the Fantom network on the wallet mobile app, users can get started by connecting Coinbase Wallet to the Fantom fWallet
Download the Coinbase Wallet extension from the Chrome Web Store
Scan your QR code on the Coinbase Wallet extension using your Wallet mobile app to get started and sync your account
Head over to Fantom fWallet to get started
Click on Connect Wallet
Select the Coinbase Wallet option
Fund your wallet with FTM or any compatible asset like DAI or fUSDT
Once assets are available, you can begin to explore the many opportunities available on Fantom
Connect to a Fantom Dapp Coinbase Wallet Explore the world of Fantom dapps!
Make sure on your Coinbase Wallet mobile app Settings, that you’re connected to Fantom Opera in your Active Networks
Head over to a Fantom dapp such as Screamer (lending and borrowing), Tomb (algorithmic stablecoin), SpiritSwap (DEX), and SpookySwap (DEX) – more to come
Click on Connect Wallet and select the Coinbase Wallet option
Once you get a pop-up, confirm the authorization by clicking on Connect
Play around with the dapp! Lend out some fUSDT or DAI and earn an interest
Developers can Integrate their dApps with Coinbase Wallet
Fantom developers can easily add support for Coinbase Wallet users by integrating the WalletLink SDK, which lets users sign into dApps with Wallet. Get started here.