Zug, Switzerland - Safe, the smart wallet infrastructure provider, announced on November 28 that Pimlico, the ERC-4337 infrastructure provider, has integrated Safe accounts via Safe's newly launched ERC-4337 module.
In addition to early backing and investment by Safe in Pimlico, the crypto start-up recently closed a $4.2 million seed funding round led by a16z crypto. By integrating Safe’s module, Pimlico enhances its infrastructure offering and enables its clients to build Ethereum-based products more seamlessly and with greater UX options.
Kristof Gazso, founder of Pimlico, said: “With over 4 million user operations sponsored and bundled since our launch in January, and having executed over 60% of all transactions to smart accounts, Pimlico is continuing to drive momentum in the account abstraction space by providing easy-to-use smart account relaying and gas sponsorship capabilities. By integrating Safe, the long-time industry-wide leader in the space, users will now be able to leverage the most battle-tested smart account framework with the best-in-class account abstraction infrastructure to provide smooth and powerful experiences for their end users.”
The Ethereum standard ERC-4337 was deployed on the Ethereum mainnet in March 2023 with the aim of ushering in more user-friendly crypto wallet designs. Bundlers such as Pimlico, defined by ERC-4337, act as a transaction relayer for smart accounts, offering an off-chain transaction pool for organizing transactions before relaying them to the blockchain. Safe’s module enables developers to turn the Safe smart account standard into an ERC-4337 smart account. Appealing to web2 and web3 developers alike, it marks the first smart contract module that will be used massively in production.
With this modularity, developers and users can easily opt-in or opt-out of ERC-4337 without changing the account. Embedded in the Safe developer stack, Safe{Core}, the module will allow non-web3 developers to offer web3 functionalities in their web2 consumer applications easily. In conjunction with its release, the module has been issued a full security audit to guarantee the maximum level of security.
With over 5 million Safe smart accounts and more than 20 million transactions across multiple chains, Safe is an established leader in account abstraction and continues to enable a diverse range of applications and wallets.
Richard Meissner, Co-Founder and Technical Lead at Safe, said: “The Safe ERC-4337 module is designed from the ground up for builders and developers who want to use account abstraction in production, while keeping the highest level of security and modularity. Fully audited, the module grants developers peace of mind while unlocking the full capabilities of account abstraction for users at the same time. This addition to Safe{Core}’s account abstraction stack enables developers to make use of the secure Safe stack with a large pool of AA tooling (like Bundlers). This way, developers can provide the best UX to their users. Which is the stepping stone to accelerate the global transition to empower true digital ownership.”
