Heyelsa AI integrates with Coinbase's CDP embedded wallet, enabling on-chain access via email alone.

Eliminate seed phrases and external wallets, eliminating barriers to Web3 entry by implementing a Web2-level user experience.

Elsa AI, an AI-powered crypto agent platform, announced today that it has integrated Embedded Wallets into the Coinbase Developer Platform (CDP). This integration significantly streamlines the user onboarding process.

This update allows users to automatically create a wallet with just an email and OTP (one-time password) authentication, and immediately use on-chain features without having to manage separate seed phrases or connect to external wallets.

The Coinbase Developer Platform's embedded wallet is designed to give users access to all blockchain features using familiar authentication methods like email and social login, and eliminates the need for seed phrase management.

Existing Web3 services have shown high dropout rates during wallet creation and seed phrase storage, which has been identified as a major barrier to widespread adoption. Hayelsa AI has eliminated these entry barriers, implementing an approach similar to the Web2 user experience.

Coinbase empowers any business to seamlessly integrate cryptocurrency functionality anywhere with its CDP embedded wallet, and offers a lightweight SDK (Software Development Kit) that allows developers to provide fully functional wallets to end users.

The CDP Embedded Wallet is a fully customizable embedded wallet with built-in onramps (fiat deposits), swaps (exchanges), a policy engine, and a 3.85% USDC reward.

The industry is paying close attention to whether the embedded wallet model can become a key infrastructure for improving the UX (user experience) of Web3 services and expanding the influx of new users.

Joohoon Choi joohoon@blockstreet.co.kr