Last week, French account abstraction specialist Cometh unveiled a partnership with the Worldcoin Foundation. What does it involve?
Cometh Receives Grant from Worldcoin Foundation
At the end of last week, French startup Cometh has unveiled a partnership with Worldcoin. In short, Cometh specializes in account abstraction solutions to facilitate the user experience in terms of wallets within the Web3 ecosystem. Thus, it is on this aspect that the rapprochement with Worldcoin (WLD) is articulated.
👉 To go further — Find our file on Worldcoin (WLD)
Indeed, The Worldcoin Foundation has awarded grants to 17 projectsof which Cometh is a part, with the aim of “to innovate and advance different parts of the Worldcoin technology tree”. Concerning it, the company was rewarded for its product Cometh Connect:
Cometh will use the resources provided by the Wave1 grant to build a mobile-native library to integrate Access Keys, ERC-4337, and Safe Smart Accounts into World Chain wallets (e.g. World App) on iOS and Android platforms.
Introduced over a year ago, the ERC-4337 standard allows the creation of custom smart contract wallets, for which application developers can sponsor their users' transaction fees. This is notably one of the technologies used by Cometh Connect :
“Cometh is excited to be part of the development of Worldcoin. This strategic partnership marks a key milestone in the mainstream adoption of ERC-4337-powered smart wallets. With nearly 7 million ERC-4337-enabled smart wallets in existence, the collaboration between the Worldcoin Foundation and Cometh enables an installed base growth of over 80%, a defining moment for the mass adoption of blockchain.”
👉 Also in the news — Legislative: The results of Aurore Galves' Bitcoin candidacy go “beyond expectations”
Meanwhile, Worldcoin's WLD is trading at $2.31, down 9% over 24 hours. With a market cap of $600 million, the asset ranks 112th in the ranking.
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Source: Worldcoin
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Since 2021, I have devoted my free time to seriously training myself on cryptocurrencies in order to acquire as much knowledge and credibility as possible. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyses on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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