In a move indicating strengthened collaboration and technological innovation, Safe, a pivotal player in the Web3 infrastructure space, has declared its decision to deploy its modular account abstraction stack on the Polygon zkEVM platform.
The launch, which is geared towards aiding projects with treasury operations and protocol governance through its Safe{Wallet} multisig functionality, also underscores the mutual commitment by Safe and Polygon Labs to foster smart account advancements on Zk-empowered Layer 2s (L2s). This announcement comes amid a period of escalating synergies and exciting launches that hint at a prosperous roadmap for both entities.
- Safe to introduce its modular account abstraction stack on Polygon zkEVM
- Collaboration seeks to enhance project treasury operations and protocol governance
- Safe{Wallet} multisig and Safe{Core} to facilitate simplified and secure user experiences
- Announcement made at Safe{Con}, signalling accelerated transition to smart accounts
- Safe{Core} SDK to unlock game-changing features for various use cases
- Remarks from Safe and Polygon co-founders emphasize potential impact of the collaboration
- About Safe: A decentralized custody protocol with a vision for digital ownership in Web3
- About Polygon Labs: Developer of Ethereum scaling solutions aiming for sustainable Web3 infrastructure
Anticipating a Technological Shift
The strategic move by Safe is aimed at fast-tracking the transition to smart accounts, offering a hub of innovation and security in the bustling Web3 domain. The forthcoming stack, which promises to integrate seamlessly with existing developer tools and wallets in the Ethereum Virtual Machine, stands as a beacon of progress in enhancing user experiences while adhering to industry security benchmarks.
Details of the Announcement
The collaboration was officially unveiled at Safe{Con}, a dedicated conference orchestrated by Safe to foster discussions on smart account transitions. Polygon co-founder Sandeep Nailwal played a crucial role in the announcement, affirming the cooperative spirit and forward-thinking approach between Safe and Polygon Labs. The new offerings will be accessible on Polygon zkEVM from September 11, 2023, enhancing the scope and capabilities for developers globally.
Whitepaper Launches and Synergies
The unveiling of recent Polygon CDK and Safe{Core} Protocol whitepapers marks an exciting time for both organizations. Safe envisions establishing itself as the primary choice for account abstraction stack for future developers working on Polygon CDK-powered zk Layer 2 app chains. The collaboration also extends to the recently launched Gnosis Pay decentralized payment network, encapsulating the strengths of both Safe and Polygon protocols.
Game-Changing Features Unleashed
The Safe{Core} SDK, now accessible on Polygon zkEVM, promises to redefine the user experience across various sectors, including gaming, retail wallets, and decentralized social media. It is equipped with revolutionary features such as social recovery, seedless onboarding, and streamlined on-ramping, setting a new standard in the industry.
Leaders Share Their Vision
Co-founders of Safe and Polygon, Lukas Schor and Sandeep Nailwal respectively, shared their enthusiasm and expectations regarding the collaboration. Schor emphasized the criticality of L2 scaling and smart accounts in the current landscape, expressing optimism about the partnership’s potential to catalyze transitions on Ethereum with Polygon. Nailwal echoed these sentiments, highlighting the transformative possibilities that Safe{Core} SDK brings to the table.
About Safe
Previously known as Gnosis Safe, Safe operates as a decentralized custody protocol, safeguarding assets worth approximately $60 billion. Its mission extends to establishing a universal standard for secure digital asset, data, and identity custody, propelled by its flagship offerings – Safe{Wallet} and Safe{Core} Smart Account infrastructure. The firm aims to democratize digital ownership in the Web3 sphere, catering to a diverse clientele including DAOs, enterprises, and retail and institutional users.
About Polygon Labs
Polygon Labs stands at the forefront of developing Ethereum scaling solutions, fostering a sustainable and secure infrastructure for Web3. The firm engages actively with other developers in the ecosystem, offering scalable and affordable blockchain infrastructure solutions. Its suite of protocols has witnessed widespread adoption, housing notable projects and enterprises and processing billions of transactions since its inception. A carbon-neutral entity, Polygon Labs is steering Web3 towards a carbon-negative future.
In light of the recent developments, the partnership between Safe and Polygon Labs indicates a promising trajectory towards fostering a more secure, scalable, and user-friendly Web3 environment. The collaboration promises not only to bring innovative features to the table but also to establish new standards in smart account technology and infrastructure. As the Web3 landscape continues to evolve, this venture serves as a testimony to the relentless pursuit of innovation, setting a new benchmark in the industry.
