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- SafeAuth and Web3Auth Partner to Simplify Blockchain Social Logins
- SafeAuth aims to enable Ethereum users to create wallets via email instead of seed phrases
SafeAuth has partnered with Web3Auth to develop tooling for building Ethereum applications on top of smart accounts.
Developers now have a new method to integrate social logins into blockchain applications following a collaboration between smart contract wallet provider Safe and Web3Auth.
The SafeAuth tool combines Web3Auth’s social login technology with Safe’s Account Abstraction software development kit (SDK).
Smart accounts were introduced through the ERC-4337 standard, designed to enhance the general Ethereum user experience by providing more intuitive and customizable crypto wallets.
SafeAuth allows users to set up smart wallets using an existing email address, eliminating the need to remember lengthy seed phrases.
These smart accounts are interoperable, meaning users can link and interact with various blockchain applications through a single smart account.
See Also: Safe Wallet Users Lost $2 Million To Scammers In One Week
The ERC-4337 standard was deployed to the Ethereum mainnet in March. Data indicates that adoption has remained relatively slow, with weekly retention rates for smart wallets using ERC-4337 dropping to as low as 1% for accounts older than five weeks.
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Lukas Schor, a Safe co-founder, told Blockworks that this slow adoption should not be surprising, as adoption often takes longer than anticipated.
“The ERC-4337 standard is still in ‘draft mode’ and occasional changes … are still happening, making it harder for in-production solutions to adopt it,” Schor said.
Schor noted that ERC-4337 also introduced additional smart contract risk, which may delay adoption by larger applications and wallets.
“Currently, the primary use-case for ERC-4337 is sponsored transactions for ‘free NFT drops’ or similar applications; we are still missing applications to leverage more complex features of accounts abstraction like recovery or session keys,” he said.
Tobias Schubotz, Safe’s product lead, expressed optimism about the future of smart accounts. He reported that Safe has seen a 201% increase in monthly average users, now totaling more than 376,000.
“This indicates that Safe is being adopted faster than the overall crypto space, suggesting a growing interest and potential for smart accounts in the broader blockchain ecosystem,” Schubotz said.
“At the core of this solution is adaptability; users can choose additional authentication, such as multiple email addresses, as they deem necessary,” he said. “Similar to how one might employ a social login or email for various online platforms, SafeAuth offers a unified access method.”
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Schubotz added that developer tooling such as SafeAuth can help increase the adoption of smart account standards like ERC-4337.
“By offering an SDK that enables developers to seamlessly integrate a social login feature into their platform, Safe is further encouraging the adoption of smart accounts,” he said.
