Safe Collaborates with Stripe & Gelato to Release ‘Core’ Open-source Software Stack Aimed at Enhancing Decentralized Space

Safe Collaborates with Stripe & Gelato to Release ‘Core’ Open-source Software Stack Aimed at Enhancing Decentralized Space
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The secure development stack (kernel) integrates digital band and ice solutions to improve the developer experience. 

The Swiss supplier of self-sufficiency infrastructures has teamed up with Safe to launch the open-source software stack. According to , Safe (formerly known as Gnosis Safe) released the new development stack for simplified Smart Contract development on Ethereum

blog post, Safe said:

We are redoubling our efforts and putting our battery at everyone's disposal to create the next generation of portfolios and account abstraction solutions. With Safe (Core), we are launching a modular, open-source AA stack that offers a flexible developer experience with the same basic contracts tested as the underlying infrastructure."

Safe Core will integrate online financial services partner solutions facilitative Stripe Inc and decentralized finance () Gelato protocol. The new initiative simplifies the creation and management of intelligent contract functionality for developers. The kernel does this by separating the feature from the concept of external accounts, including portfolios. In addition, the stripe and gelato partner solutions bring improvements like simplified and authenticated transaction fees and payment flow. Furthermore, the two digital payment platforms also make it possible to set up a fiat ramp.

In addition to making it easier to develop web3 applications with an experience similar to web2, core also plans to bridge the gap between web2 and web3. The battery can support all aa implementations, such as eip 4337 and native channel account functionality.

Safe Co-founder Comments on ‘Core’ Initiative with Stripe & Gelato

Weighing in on the Safe (Core) development, the self-custody infrastructure’s co-founder Richard Meissner said:

With Core, we're putting a modular stack into developers' hands to seize this huge opportunity. We partnered with industry leaders to enhance loading, relay and authentication capabilities as part of the core security packages. We are now calling on partners and developers to integrate and enhance the average user experience with the known and proven robustness of the security infrastructure."

The Safe team also announced its intention to host a one-month programming marathon entitled "March for Account Abstraction." This initiative aims to encourage promoters to participate and create on Core, with bonuses in excess of $50,000 offered by multiple partners. These include the band, the base of quinbase, web3auth, gelato, cowswap, gnose string, and superfluid.

The security team believes that developers could create the next generation of web3 applications with slicker and rich security standards.

Safe's "intelligent" custody infrastructure currently secures approximately $40 billion in assets in many Ethereum applications.

Rebranding

Gnosis Safe rebranded itself as Safe last July amid a token sale-led $100 million funding. At the time, the infrastructure provider was planning to use the funds generated to establish an application and portfolio ecosystem.

The sale of security tokens was conducted by crypto 1kx funds, with the involvement of over 63 other investors. Among the investors were ConsenSys, A&T Capital, Polygon, Tiger Global, Blockchain Capital, and individuals like Punk6529.

Gelato is a decentralized backend that allows manufacturers to create intelligent contracts with increased automation. Smart contracts are gas-free, conscious off-chain, and make it easier to lead web3 projects through challenge, and play.

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