Blockchain for Data , Flare and Etherspot Join Hands to Launch Account Abstraction for Builders

Blockchain for data , Flare and Etherspot have partnered to develop account abstraction for builders on network.

Etherspot, a multi-chain self-custody smart contract wallet platform provides solutions for dapp developers to deliver frictionless Web3 user experience. The platform uses Account Abstraction to enable smooth onboarding for new users and abstract away complex blockchain operations.

The Account Abstraction enables developers to bring a web2-like user experience to their dapps, for example social recovery of crypto wallets, biometric authentication of transactions, and the ability to sign multiple transactions in a one-click action. It helps to replace more cumbersome Externally Owned Accounts managed by lengthy private keys.

The partnership entails integration of Etherspot's Arka Paymaster service into Flare's infrastructure. Paymaster provides gasless transactions on Flare which enables users to pay for transaction fees in a variety of ways without having to hold FLR or sacrifice custody of their account – for example, the fees can be paid with an ERC-20 token like USDC. At the same time, dApps on Flare will be able to leverage Arka Paymaster Services to sponsor transactions of their users. By removing the requirement for users to hold the native token to participate, onboarding new users becomes dramatically easier, making Flare's services accessible to a wider audience of developers and end users. 

Additionally, an independent off-chain stack including Skandha Bundler Service, Arka Paymaster services and custom APIs for seamless usage will be established. The off-chain approach is expected to deliver faster and more efficient transactions while also conducting this within a scalable framework that will support as the network traffic scales.

"Etherspot is a renowned Account Abstraction SDK provider and recently received a grant from Ethereum Foundation for advancing EIP4337. We are happy to collaborate with them to bring Account Abstraction to Flare, making it easier for builders onboard new users into their dapps and the wider ecosystem., says Uttam Singh, Dev Rel at Flare."

"From our first conversations, it was clear that Flare is committed to giving builders all the tools they need to create dapps that are more relevant to more people's daily lives. That means providing decentralized access to a far greater variety of on and off-chain data, plus via our collaboration, the tools to more easily onboard new users into the Flare ecosystem, adds, Parthasarathy Ramanujam, CTO at Etherspot,".