Ethereum Account Abstraction

WalletConnect lauch “Appkit” and enters the competition with Privy and Coinbase Web Wallet in the crypto consumer apps space. Their new product offers embedded EOAs that are created using an email address. The EOAs are stored in HSM servers on Amazon, just like Privy does.

Although this model may be considered custodial in the future, it is suitable for consumer applications where crypto artifacts like NFTs are not financial products. This is the key: since they are not financial products, there is no need to undergo KYC in any case.

WalletConnect lauch “Appkit” and enters the competition with Privy and Coinbase Web Wallet in the crypto consumer apps space. Their new product offers embedded EOAs that are created using an email address. The EOAs are stored in HSM servers on Amazon, just like Privy does.

Although this model may be considered custodial in the future, it is suitable for consumer applications where crypto artifacts like NFTs are not financial products. This is the key: since they are not financial products, there is no need to undergo KYC in any case. 

https://walletconnect.com/appkit

💡Bitso R&D Principal Engineer,🏅POAP Contributor. Badger.town early fan.

This space is getting spicier every day more