Circle Launches Two New Services to Ease Web3 Onboarding for Developers
Circle, a global leader in financial technology, has introduced two new Web3 Services: Gas Station and Smart Contract Platform. Circle says that the two products, which are still in Beta, are built to be a one-stop-shop for developers looking to create seamless, interactive and economical on-chain experiences for their users.
What Circle’s new products offer
Circle says that the two products are designed to streamline the process of creating and delivering a Web3 wallet to customers. The Gas Station feature will have mainnet and testnet support for Polygon, as well as testnet support for Ethereum. Smart Contract Platform, on the other hand, is currently accessible on Avalanche, Ethereum, and Polygon through application programming interfaces (APIs).
“Gas fee” is the transaction fee that users of Web3 pay to the blockchain network. However, the fees can be steep at times, creating a barrier to entry for developers and companies in the web3 ecosystem. By integrating their apps with Circle’s Programmable Wallets, developers and businesses can now provide users with a gas-free experience thanks to Circle’s new Gas Station product.
The Smart Contract Platform is the hub for developing and deploying smart contracts. Typically, developers require several tools to do this and to support cross-chain interaction of smart contracts. In addition, they need to adopt version control and fix apps, as well as conduct regular audits to ensure production-ready quality.
Circle’s Smart Contract Platform eliminates roadblocks and accelerates the app-building process by serving as a centralised hub for all things related to smart contracts. It is a one-stop destination for developers to import, explore, deploy and manage smart contracts. The customer service process is simplified by the Smart Contract Platform as well.
Circle says that developers and businesses that use the Smart Contract Platform can use NFT drops to boost customer engagement and loyalty. Also, they can embed DeFi experiences within their apps, and use digital currencies like USDC or digital assets like NFTs to facilitate transactions like payroll or subscriptions.