Safe

Safe is a key player in the web3 domain, securing over $100B+ and offering a comprehensive suite of account abstraction infrastructure known as Safe{Core}. It also provides the widely recognized multi-signature wallet, Safe{Wallet}. The primary objective of this project is to transform every Ethereum account into a smart one, paving the way for diverse applications such as AI, Staking, Gaming, SocialFi, DeFi, and Payments. These applications are enhanced by features like gasless transactions, simplified logins similar to Face-ID, onramps, recovery options and more.

Extensive Ecosystem and Wide Usage

Safe boasts an extensive ecosystem comprising over 200 projects, including notable ones like Gnosis Pay and Worldcoin. These projects are deployed across more than 15 networks that utilize the Safe smart account standard. Notable individuals like Vitalik Buterin and Punk6529 along with major web2 companies such as Shopify and Reddit use Safe{Wallet} for self-custody of assets and high-value NFTs.

Impressive Track Record

As of April 2023, over 8 million Safe accounts have been established facilitating more than 40 million transactions. The open-source contracts offered by Safe have undergone rigorous testing. They've been formally verified and audited multiple times ensuring their robustness. Since its inception in 2018, there have been no critical security incidents reported with Safe's system which continues to set the industry standard for security.

We invite you to delve deeper into the world of cryptocurrency here at Global Crypto News. Stay informed with our latest updates and insights.