Safe and Base Partner to Propel Smart Accounts as the New Standard on Ethereum

Denver — Safe, the leading smart account infrastructure provider, has teamed up with Base, the Ethereum Layer 2 (L2) network incubated by Coinbase Their goal: Encourage developers to adopt smart accounts, improving user experience and boosting dApp adoption on Ethereum.

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Smart accounts offer crucial features for users, such as multi-signature transactions, account recovery, and recurring payments, thereby improving the self-custody experience on Web3 platforms. However, transitioning to smart accounts requires developers to update their existing infrastructure and tooling, posing a significant challenge.

In a bid to address this challenge, Base is offering up to 1 ETH in gas fee credits to developers building on Safe over the program's initial 12-month period. Safe{Core}, Safe’s modular and open-source stack, enables developers to leverage smart account infrastructure to build tools for various dApp use cases on Base.
Safe currently supports over 6 million smart accounts and has facilitated over 30 million transactions, making it well-positioned to support the growing activity across the Ethereum ecosystem.
Lukas Schor, co-founder at Safe, highlighted the importance of dynamic and scalable solutions in the face of increasing Ethereum adoption. 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 default standard for Ethereum developers."

Nick Prince, Product Manager at Base, emphasized the significance of reducing barriers to smart account adoption. "Smart account adoption is vital to making onchain apps easy to use for everyday people. With this gas fee credit program, we are incentivizing developers to harness the power of smart accounts and making it easier for builders to help create a more accessible onchain ecosystem," Prince said.

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

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About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$80 Billion in assets today. It is establishing a universal ‘smart account' standard for 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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