Safe is teaming up with Base to position Smart Accounts as the preferred ownership structure for Ethereum users.
In Brief
To incentivize developers working with Safe's smart accounts, Base is rolling out up to 1 ETH in gas fee credits, aiming to enhance on-chain adoption.
Provider of smart account infrastructure, Safe announced its partnership with Base an Ethereum Layer 2 (L2) network supported by Coinbase The goal of this partnership is to provide developers with financial incentives and versatile tools, making decentralized applications (dApps) more user-friendly, secure, and efficient globally.
Smart accounts come equipped with numerous advantages for users who prefer self-custody, including features like multi-signature capabilities, account recovery options, automatic payments, and an overall enhanced experience when compared to traditional externally owned accounts (EOAs). EOAs often bring about difficulties, such as complicated private key management, unpredictable gas fees, and limited functionalities. dApps .
To tackle these issues and encourage the adoption of smart accounts, Base is offering developers building on Safe up to 1 ETH in gas credits during the initial 12-month phase of this program. This initiative is designed to reduce financial barriers and motivate developers to utilize the smart account framework to develop innovative applications across various domains on Base.
“With more than 230 million unique Ethereum addresses globally and daily transactions on L2 exceeding those on L1, the necessity for adaptable and scalable solutions has never been clearer. By merging Safe's flexible smart account framework with Base's inherent account abstraction capabilities, we are setting the stage for smart accounts to become the standard choice for Ethereum developers,” explained Lukas Schor, co-founder of Safe.
Base and Safe Collaborate for Smart Account Standardization in Ethereum
Safe's modular and open-source framework, Safe{Core}, empowers developers to create enhanced tools that improve user interaction and functionality on Base. Having supported over six million smart accounts and facilitated more than 30 million transactions, Safe has proven its ability to stimulate activity across the network. Ethereum ecosystem.
Furthermore, Safe is ensuring comprehensive support for Base's Sepolia testnet, providing a solid environment for thorough testing.
“Adoption of smart accounts is crucial for simplifying on-chain applications for the general public, and the first step towards unlocking this future-ready technology is to lower the hurdles for developers. Through this gas fee credit initiative, we aim to motivate developers to take full advantage of smart accounts, making it easier for creators to construct a more inclusive on-chain ecosystem,” stated Nick Prince, product manager at Base.
Additionally, this partnership signifies a crucial move towards positioning smart accounts as the primary standard for ownership on Ethereum . By offering financial incentives, versatile tooling, and a collective vision to enhance user experiences while pushing for broader adoption, this collaboration seeks to empower developers and contribute significantly to the evolution of the on-chain ecosystem.
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