In a significant development, Safe has deployed its Safe{Core} smart account infrastructure on the World Chain developer preview, giving developers access to one of the most trusted smart contract frameworks. This integration allows builders to create innovative applications on the World Chain while maintaining high levels of security.
Safe{Core} brings advanced account abstraction capabilities to the network, enabling more flexible and user-friendly experiences. This includes simplifying complexities such as gas fee management and account recovery, which are often hurdles for users in the blockchain space.
The Strong Ties Between Worldcoin and Safe
The Worldcoin Foundation’s head of blockchain, Remco Bloemen, emphasized the close ties between Worldcoin and Safe. He emphasized that security, self-custody, and credible neutrality are values that both organizations hold dear.
Deploying Safe{Core} on World Chain is another step forward in this collaboration, giving developers a suite of tools to power and uplevel their applications,” Bloemen said.
Safe{Core}’s implementation on World Chain fits with a larger pattern of the blockchain’s increasing popularity and advancement. Collaborations and partnerships with platforms such as Elliptic, Fireblocks, and Alchemy have been recent. With an emphasis on practicality, these companies are helping to create an ecosystem of decentralised identification and financial applications on the World Chain.
World Chain makes it simple for new users to get started by giving preferential blockspace to verified human users over bots and by giving them a free gas allowance. The network is constructed on the Superchain framework, which improves its scalability and security and is intended as a Layer 2 solution protected by Ethereum.
Worldcoin Price Drops Down
Despite the positive developments, Worldcoin, the native token of the World Chain network, has faced market challenges. The token’s price has dropped by more than 3% in the last 24 hours, currently trading at $1.51. This decline comes amid ongoing discussions about the network’s decentralization.
Worldcoin has highlighted in a blog post how dedicated the project is to realizing full decentralization. The article offers answers to issues brought up by well-known people like Vitalik Buterin, such as allowing several parties to participate in the development of Worldcoin’s infrastructure.
Resolving these decentralization concerns may draw in more speculative funding from individual investors who place a higher bet on decentralized initiatives.