The developers plan that this solution will expand Socket’s co-operation, provide new opportunities for developers and users of Coinbase Wallet and the new Base Layer2 network based on Ethereum.
Socket is an important player in connecting fragmented ecosystems. Combining the companies’ assets will give users the ability to transact between multiple networks, so it will create the feeling of operating on a single blockchain.
Socket co-founder Vaihab Chellani said that such cross-networking is very important for the future scaling of companies.