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Home»Blockchain»Secure and basic partner to promote smart accounts as the new standard on Ethereum
Blockchain

Secure and basic partner to promote smart accounts as the new standard on Ethereum

2024-03-01No Comments2 Mins Read
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Denver – Safe, the leading smart account infrastructure provider, has partnered with Base, the Ethereum Layer 2 (L2) network incubated by Coinbase. Their goal: to encourage developers to adopt smart accounts, improve user experience, and drive dApp adoption on Ethereum.

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Smart accounts provide crucial features for users such as multi-signature transactions, account recovery and recurring payments, improving the self-management experience on Web3 platforms. However, the move to smart accounts requires developers to update their existing infrastructure and tooling, which poses a significant challenge.

In an effort to address this challenge, Base is offering up to 1 ETH in gas reimbursement credits to developers who build on Safe during the first twelve months of the program. Safe{Core}, Safe’s modular and open source stack, enables developers to use smart account infrastructure to build tools for various dApp use cases on Base.
Safe currently supports over 6 million smart accounts and has enabled over 30 million transactions, making it well-positioned to support the growing activity in the Ethereum ecosystem.
Lukas Schor, co-founder of Safe, emphasized the importance of dynamic and scalable solutions in light of the increasing adoption of Ethereum. He stated: “By combining Safe’s modular smart account infrastructure with Base’s native account abstraction support, we are paving the way for smart accounts to become the go-to standard for Ethereum developers.”

Nick Prince, Product Manager at Base, emphasized the importance of removing barriers to smart account adoption. “Using smart accounts is critical to making onchain apps easy to use for everyday people. With this gas reimbursement credit program, we’re encouraging developers to leverage the power of smart accounts and making it easier for builders to create a more accessible onchain ecosystem,” Prins said.

See also  How Bitcoin and Ethereum Absorbed $500M Last Week – Without a Rally

For more information, interested parties and community members can visit Safe’s website at safe.global.

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About Safe

Safe (formerly Gnosis Safe) is an onchain asset custody protocol, currently securing ~$80 billion in assets. It establishes a universal ‘smart account’ standard for the secure custody of digital assets, data and identity. With Safe{Wallet}, its flagship web and mobile wallet, and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3, including DAOs, enterprises, retail and institutional users.

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