Ethereum Virtual Machine Compatible L1 Blockchain Celo Integrates Safe to Enhance Security Features

Celo, the carbon-negative, mobile-first EVM-compatible layer-1 blockchain is now integrated with Safe, the self-custody infrastructure provider and trusted decentralized custody protocol.

Users and builders can now use Safe’s custody and asset management solution “natively on the Celo blockchain.”

The events of the past year “have underscored the need for robust, secure, and self-custodial asset management solutions.” This integration is set “to provide the emerging Celo ecosystem with a more robust security standard through Safe’s composable smart accounts.”

cLabs, a technical contributor on the Celo blockchain, “led the integration, bringing top-tier custody and asset management to Celo community members.”

cLabs previously “launched Celo Safe, a forked version of Safe, to provide an immediate, secure digital asset management solution.” Celo Safe is now “being replaced by the full native integration of Safe, allowing instant use of new Safe features and updates, a native mobile offering through the Safe app, and an overall easier user journey to use the full Safe products.”

Safe’s custody infrastructure already “secures approximately $39 billion in assets and is the default wallet of choice for Web3 native projects such as Aave and 1inch, as well as enterprises including Shopify.”

Many of the largest individual asset holders like Punk6529 and Vitalik Buterin also “choose Safe{Wallet} to secure their personal assets.” Recently launched, Safe{Core} brings this trusted self-custody infrastructure “into the hands of developers, providing a modular account abstraction stack, reducing barriers to adoption, and upgrading the Web3 user experience.”

Marek Olszewski, Celo co-founder and cLabs CTO, said:

“Integrating with Safe to enable feature-full, multi-user self-custody has been one of the leading feature requests in the Celo ecosystem. We’re excited to welcome Safe to the Celo community and help them fulfill their real world needs.”

Lukas Schor, co-founder of Safe added:

“Safe is excited to bring the value of account abstraction and smart accounts to the Celo ecosystem. Safe’s mission is very much aligned with Celo’s own sustainability goals. We believe that self-custodial and multi-player ownership will boost coordination and security for the Celo economy around these priorities.”

As of today, the integration is “fully live and users can connect their wallet to the Celo Safe platform to manage assets.”

More details can be accessed here.

Sponsored Links by DQ Promote



Send this to a friend