Secure, native collaboration to drive smart account adoption on Ethereum

Safe, a leading provider of smart account infrastructure, announced a strategic collaboration with Base, the Coinbase-incubated Ethereum layer 2 network, to provide financial incentives and modular tools for smart account developers.

Why it matters: The collaboration between Safe and Base offers significant potential for solving critical user experience issues related to self-protection, a long-standing concern of the Ethereum community.

• Ethereum leaders like Vitalik Buterin We advocated for the move to smart accounts as a means to improve user experience and promote mainstream adoption of blockchain technology.

Smart accounts offer a variety of features. It effectively bridges the gap between the familiar Web2 experience and the decentralized Web3 platform, including account recovery, multi-signature transactions, recurring payments, and more. In contrast, applications that rely on Externally Owned Accounts (EOAs) often suffer from cumbersome private key management, unpredictable gas fees, and the limited functional versatility of decentralized applications (dApps).

• Safe co-founder Lukas Schor emphasized the urgent need for dynamic and scalable solutions in the face of Ethereum’s burgeoning user base and emphasized the pivotal role of smart accounts in shaping the future of blockchain development.
• Nick Prince, product manager at Base, agreed with Schor and emphasized the importance of reducing barriers for developers to promote widespread adoption of smart accounts.

What is the offer: Base’s gas fee credit program, which offers up to 1 ETH to developers building on Safe during the first 12 months of the program, aims to incentivize developers and foster innovation within the Ethereum ecosystem.

This collaboration leverages Safe’s robust infrastructure to power more than 6 million smart accounts and facilitate more than 30 million transactions, powering the growing activity across Ethereum. Safe’s compatibility with Base’s Sepalia testnet provides developers with a stable testing environment, ensuring seamless integration and improving accessibility of blockchain applications.

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