en
Back to the list

Safe to Launch Modular Account AbstractionStack on Polygon zkEVM

source-logo  blockster.com 13 September 2023 07:47, UTC
image

Safe, a vital part of Web3 infrastructure, is deploying on Polygon zkEVM to support projects in treasury operations and protocol governance via Safe{Wallet} multisig. Safe{Core}, the smart wallet developer stack, enables the creation of simplified and secure user experiences on Polygon zkEVM. This launch signifies a joint commitment by Safe and Polygon Labs to promote smart accounts on Zk-powered Layer 2 platforms.



Zug, Switzerland — Safe, the most battle-tested smart wallet infrastructure, today announced it will launch its modular account abstraction stack on Polygon zkEVM. This leading ZK scaling protocol is equivalent to Ethereum Virtual Machine, where the vast majority of existing smart contracts, developer tools, and wallets already work seamlessly.
This enables developers to build dApps with seamless abstracted user experiences with the industry security benchmark.
The announcement was made at Safe{Con} held on Sep 10, Safe’s conference dedicated to fast-tracking the transition to smart accounts, where Polygon co-founder Sandeed Nailwal was on hand to help make the announcement. Safe{Wallet}, known as critical infrastructure for teams to manage on-chain treasuries (with multisig), as well as the Safe{Core} account abstraction stack, will be available on Polygon zkEVM starting Sep 11, 2023.

Recent Polygon CDK and Safe{Core} Protocol whitepaper launches signal exciting times for both projects. Safe looks to position the Safe stack as the go-to account abstraction stack available for developers of future Polygon CDK-powered zk Layer 2 app chains.

The synergies between Safe and the Polygon protocols can also be seen in the recently launched Gnosis Pay decentralized payment network that uses Safe’s battle-tested smart wallet experience with the speed and cost efficiency of the Polygon stack as L2.

Developers on Polygon zkEVM can now leverage Safe{Core} SDK to fully harness the power of smart wallets and modular account abstraction for a plethora of use cases, including gaming, retail wallets, decentralized social media, etc., with game-changing features like social recovery, seedless onboarding, and easy on-ramping.
"L2 Scaling and smart accounts are two of the most critical transitions we need to make, and I couldn’t be happier to accelerate these two transitions on Ethereum with Polygon."

Lukas Schor, Co-founder of Safe
"We look forward to bringing the Safe Smart Account to Polygon zkEVM to make it the de-facto account standard on Polygon zkEVM’s innovative scaling architecture," added Lukas.

Sandeep Nailwal, co-founder of Polygon, added, “Polygon zkEVM devs can unlock the potential of Safe{Core} SDK for smart wallets and versatile account abstraction. It's a potential game-changer for gaming, retail wallets, social media, and more, offering features like social recovery and seamless onboarding.”



About Safe

Safe, previously known as Gnosis Safe, serves as a decentralized custody protocol responsible for securing approximately $60 billion in assets at present. Its primary objective revolves around establishing a universal standard for securely managing digital assets, data, and identity.

Through its flagship products, Safe{Wallet} and the Safe{Core} Smart Account infrastructure, Safe is on a mission to democratize digital ownership, extending its benefits to all participants within the Web3 ecosystem, including DAOs, enterprises, retail users, and institutional entities.

For more detailed information, you can visit their Website or follow them on Twitter.

About Polygon Labs

Polygon Labs is at the forefront of developing Ethereum scaling solutions tailored specifically for Polygon protocols. Their engagement extends to collaborating with other ecosystem developers to ensure the availability of scalable, cost-effective, secure, and sustainable blockchain infrastructure for Web3 applications.

Polygon Labs has initially rolled out a comprehensive suite of protocols designed to provide developers with streamlined access to major scaling solutions, including Layer 2 technologies like zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols. These solutions have garnered widespread adoption, with tens of thousands of decentralized applications, a user base exceeding 327 million unique addresses, 1.6 million smart contracts created, and a staggering 2.9 billion total transactions processed since their inception.


Notably, the existing Polygon network plays host to some of the most prominent web3 projects, including Aave, Uniswap, and OpenSea, along with the active participation of renowned enterprises such as Robinhood, Stripe, and Adobe. An additional environmental commitment is Polygon Labs' carbon-neutral status, with a vision to take a leading role in steering the web3 industry toward carbon negativity.

blockster.com