Select Coinbase users will now be able to access Ethereum NFTs and dApps through the Coinbase app. Introducing Web3 functionality, Coinbase will allow a certain number of users to log into decentralized applications such as Uniswap using the Coinbase browser. The official announcement by Coinbase says that they want users to seize new opportunities in the Ethereum ecosystem with Coinbase.
Coinbase dApp Browser
The private key of the Coinbase hot wallet will be stored by both the user and Coinbase. Coinbase explained that this approach is being taken to ensure that there is a recovery option in case access to the wallet is lost.