Web3Auth, a company that provides wallet-as-a-service infrastructure, has partnered with Safe, a multi-signature crypto wallet provider, to launch a service called SafeAuth. This service allows users to create wallets quickly without needing seed phrases. Web3Auth is supported by Sequoia Capital, Union Square Ventures, and Binance, and has collaborated with well-known brands such as NBCUniversal, Fox.com, McDonald's, Trust Wallet, and Metamask. SafeAuth utilizes Web3Auth's social login technology and Safe's account abstraction, which allows users to use smart contracts as their accounts. The service enables users to connect with multiple decentralized applications (dApps) through a single smart account. SafeAuth eliminates the need for seed phrases and allows for swift wallet creation through secure social logins using multi-party computation. The interoperability provided by SafeAuth allows for smoother interaction between existing and future dApps.
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