Everything About Account Abstraction: AA Afterhours, Visa is hiring, Trust Wallet’s new Web3 feature, Portkey’s Web3 wallet, Etherspot’s integration

Everything About Account Abstraction: AA Afterhours, Visa is hiring, Trust Wallet’s new Web3 feature, Portkey’s Web3 wallet, Etherspot’s integration

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May 3, 2023

We are welcoming you to our weekly digest! Here we discuss the latest trends and advancements in account abstraction, as well as bring some insights from Etherspot’s kitchen.

Please fasten your belts!

Bookmaker.xyz integrates Etherspot for seamless Web3 betting experience

Exciting news! Bookmaker.XYZ, a decentralized beeting platform, has integrated with Etherspot, making it easier for users to connect and use the platform.

With the integration of Etherspot’s Account Abstraction SDK, users can now log in via social media accounts or email, removing the need for a wallet and making transactions more accessible to everyone.

Connecting to Bookmaker.XYZ is now more straightforward than ever. After pressing “connect wallet,” users can select their preferred social media platform and be given a wallet address to deposit their funds.

Transactions are processed using stablecoins, with gas fees taken directly from the user’s balance. Withdrawing winnings is just as easy, with a simple process that can be completed in just a few clicks.

This exciting integration brings decentralized betting to everyone, regardless of their crypto background.

Join us for Account Abstraction Afterhours in London: Setting UX Standards for Mass Adoption

Mark your calendars for May 4th, as we invite you to the Account Abstraction Afterhours event!

The meet-up offers an excellent opportunity for the Web3 community, builders, and crypto enthusiasts to gain valuable insights into UX trends, transactional rails, and cutting-edge use cases.

Hosted by Etherspot, Biconomy, Trust Wallet, and MetaMask, this event will feature an evening of data-backed discussions on the positive impact of ERC-4337 and the role of programmable smart accounts in the future of blockchain. Attendees can learn more about user-led standards for decentralized apps, which can pave the way for entire ecosystems to communicate with each other.

The event will occur at One Canada Square, Level39, Canary Wharf, London, UK.

The program will start at 6:30 pm with the arrival of guests, followed by three informative talks from Trust Wallet, Etherspot, and Biconomy. After a short break, the event will continue with a group panel discussion featuring Etherspot, Trust Wallet, Biconomy, and MetaMask. Attendees will have the opportunity to ask questions during the Q&A session, followed by networking at 8:20 pm.

Regardless of your level of experience in the world of blockchain, this event is a fantastic chance to network with others who share your passion and interests. You will be able to learn about the newest advancements and trends in the industry, as well as gain valuable insights from experts in the field.

Don’t miss out on this chance to learn from industry experts and discover the keys to unlocking the future of blockchain interactions.

Visa seeks blockchain and crypto developers for ambitious project

Visa seeks blockchain and cryptocurrency developers to join their team for an ambitious project.

Cuy Sheffield, VP and Head of Cryptocurrencies at Visa, posted on Twitter about the job openings and said that the positions would help drive the widespread adoption of blockchain and cryptocurrency technologies.

Visa is explicitly looking for engineers with experience using advanced AI-assisted engineering tools, such as Github Copilot, to develop and debug smart contracts.

The ideal candidate should also have experience with testing frameworks like Truffle, Mocha, and Hardhat. They should have:

  • a good understanding of L1 and L2 solutions;
  • a working knowledge of writing smart contracts using Solidity;
  • an understanding of distributed ledger technology, security protocols, and the latest standard for Ethereum accounts, ERC-4337.

Earlier, Visa has been exploring converting digital assets into fiat payments and working with ecosystem companies to provide fiat on-ramp and off-ramp.

The company’s view on the potential of cryptocurrencies has not changed, and they continue to hire experienced crypto developers to drive mainstream adoption of public blockchain networks and stablecoin payments.

Portkey presents a revolutionary CA wallet with a social recovery mechanism for Web3

At Consensus 2023, Portkey showcased its Contract Account (CA) wallet, which provides users with a decentralized identity (DID) solution without any fees. Portkey aims to lower the entry threshold for Web2 users and projects to enter Web3 with its all-in-one features.

Steven, CTO of Portkey, noted that the lack of a proper Web3 wallet is one of the biggest obstacles to entry for Web2 users. Therefore, the company created a solution that boasts the following features:

  • The social recovery mechanism of Portkey’s CA wallet, which is the key to tackling usability, security, and self-custody issues that currently plague Web3 wallets.
  • User accounts are coded in smart contracts, and private keys are decoupled to enhance user-friendliness.
  • The verification process is decentralized and ensures total self-custody, while users can choose multiple guardians to increase wallet security.
  • Portkey’s CA wallet offers seamless DID and social recovery processes and is much cheaper than other CA wallets.

With its many benefits, Portkey can potentially lead the migration from Web2 to Web3.

Trust Wallet & Web3Auth partner to enhance Web3 onboarding and security

Trust Wallet, one of the most extensive self-custodial and multi-chain wallets, has partnered with Web3Auth to simplify Web3 onboarding with social logins. This collaboration lets users access Web3 services using their existing social login credentials and other security factors.

The Multi-Party Computation (MPC) solution offered by Trust Wallet is designed to enhance the safety and security of user accounts by eliminating the need for written seed phrases.

In a new partnership, users can now access Trust Wallet’s services using their existing Google, Apple, Telegram, and Discord accounts, making it easier for new users to enter the world of Web3.

The partnership aims to improve the user experience and accelerate the mass adoption of Web3.

Two-Factor Wallets, which Web3Auth’s CEO sees as crucial to crypto security, are a significant step towards more excellent protection in the industry.

MetaMask’s guide on Account Abstraction

MetaMask, the popular Ethereum wallet, has published its own guide on account abstraction, a proposal to improve user interaction with Ethereum. The guide, which covers the history, present, and future of account abstraction, seeks to clarify the topic for unfamiliar users.

The guide explains how account abstraction enhances the versatility of managing and controlling Ethereum accounts. To achieve this, the proposal introduces specialized smart contracts called account contracts, which define and manage Ethereum accounts, now called smart accounts.

With the adoption of AA, users can utilize smart contract wallets to gain programmable access to their funds instead of relying solely on private keys for security.

This new approach empowers users with enhanced flexibility and control over their funds and makes it easier to interact with decentralized applications on the Ethereum network.

In turn, MetaMask supports adopting account abstraction through its permissionless innovation platform, MetaMask Snaps. The guide also highlights the need to make Web3 more user-friendly to incentivize people to switch from the Web2 apps they use daily.

Publish0x sheds light on the future of mnemonic phrases

Cryptocurrency enthusiasts are constantly searching for ways to secure their digital assets. BlockChain Observer, an author at Publish0x, recently published an article that explores the future of mnemonic phrases.

The article dives into the history of these phrases and their role in securing digital assets. It also discusses potential future developments that could impact their use.

It’s a must-read for anyone interested in securing their crypto assets.

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