Crypto Self-Custody Platform Safe launches Safe{Core} developer stack with Stripe, Gelato and Web3Auth to revolutionize web3 user experience

Safe, the self-custody infrastructure provider formerly known as Gnosis Safe, is launching Safe{Core}, a modular and open-source stack enabling account abstraction to allow developers to build web3 apps with a web2-level user experience.

• Safe, the leading multisig wallet with $39 billion in digital assets secured, is now making its battle-tested infrastructure available for anyone to build their own user-friendly wallet solutions.

• The new Safe{Core} infrastructure uses an open architecture to integrate powerful partner solutions from the likes of Stripe, Gelato, and Web3Auth with the robust security of Safe.

• Safe and its partners will host a month-long Hackathon starting today - March for Account Abstraction - offering $50K in bounties. 

Zug, Switzerland – March 1, 2023 – Safe, the self-custody infrastructure provider formerly known as Gnosis Safe, is launching Safe{Core}, a modular and open-source stack enabling account abstraction to allow developers to build web3 apps with a web2-level user experience. Launch partners for Safe{Core}, payments processing giant Stripe, and web3 infrastructure providers Gelato and Web3Auth, are helping to enhance critical user-centric features for fiat on-ramping, transaction fee and payment flow simplification, and authentication respectively.

Safe’s custody infrastructure already secures over $39 billion in assets, as the default wallet of choice for web3 native projects such as AAVE and 1inch, as well as enterprises like Shopify. Many of the largest individual asset holders like Punk6529 and Vitalkin Buterin choose Safe{Wallet} to secure their personal assets. Safe{Core} brings this trusted self-custody infrastructure into the hands of developers, providing a modular account abstraction stack, reducing barriers to adoption, and upgrading the web3 user experience.

Richard Meissner, Co-founder of Safe, said: “Last year has proven clearly the risks of placing absolute trust in third-party custodians. Previously, users have had to choose between the convenience of third-party ownership, which entails counterparty risk, or the financial freedom of self-custody, which is plagued by complexities including gas fees and seed phrases making web3 unusable by the masses. Account abstraction is the key to onboarding millions of new users and bringing web2-like usability to web3.”

Leveraging smart contract wallets, account abstraction grants users personal autonomy over their assets without compromising on usability. With the launch of Safe{Core}, Safe is democratizing this technology, providing developers with the tools to build the next frontier in custody, enhancing capabilities in fiat on-ramping, gasless transactions, and seamless authentication.

Richard Meissner, Co-founder of Safe, continued: “The biggest impact on onboarding millions is going to come through account abstraction. Safe has been at the forefront of account abstraction and is its most battle-tested and used implementation. With Safe{Core}, we are putting a modular stack in the hands of developers to grasp this massive opportunity. We have partnered with the best in the business to improve UX capabilities for on-ramping, relaying, and authentication as part of Safe{Core} kits.”

In collaboration with its partners, Safe is also inviting developers to build on the new capabilities of Safe{Core} during a month-long hackathon – March for Account Abstraction – commencing on March 1st. Hosted by Safe along with Stripe, Coinbase-incubated BASE, Gelato, Web3Auth, Gnosis Chain, Cowswap, and Superfluid, the hackathon offers $50,000 in bounties. Free to participate, this is an open call for developers to help create the next generation of web3 applications, combining robust security standards with seamless user experience.

More details on Safe{Core} and March for Account Abstraction are available at https://core.safe.global

About Safe

Safe (previously Gnosis Safe) is a decentralized custody protocol, securing ~$39 Billion in assets today. It is establishing a universal 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.

About Gelato:

Gelato is Web3’s decentralized backend empowering builders to create augmented smart contracts that are automated, gasless & off-chain aware. Leading Web3 projects rely on Gelato to power the execution of millions of transactions across DeFi, NFT and Gaming. Learn more at https://www.gelato.network/. 

About Web3Auth:

Web3Auth is the leading wallet infrastructure provider. It leverages a simple, non-custodial Two-Factor Wallet set up for Web2 brands and Web3 applications, providing a seamless login experience for everyone.

Web3Auth has worked with Web2 brands like Universal Studio, Fox.com, SK Telecom and Web3 projects like Binance Extension, Metamask, Kepler, Kukai, Skyweaver, Kash, Coub etc. The organization closed $13 million Series A in January 2022 led by Sequoia Capital India. Today, it is proud to support more than 500 web3 projects with 12 million monthly users.For more information, please visit http://web3auth.io/