COINBASE SMART WALLET 101

Summary from the TLDR Crypto newsletter

Coinbase's new smart wallet uses Account Abstraction (AA) and passkeys to allow users to create and manage a crypto wallet via Touch ID without traditional passwords or Chrome extensions. The wallet uses AA to execute transactions fully sponsored by Base (thus effectively free), making it easier for users to engage with crypto securely and efficiently with biometric authentication using a quick and simple UX.