PANews reported on September 19 that Privy, a Web3 authentication and private key management tool, has released a new feature to simplify account abstraction (AA), helping developers to more easily automatically create smart wallets for users. These wallets are based on the ERC-4337 standard and support functions such as transaction batching, Gas sponsorship, etc. Developers only need to choose a supplier such as ZeroDev, Safe, Biconomy or Alchemy and register a paymaster, and Privy will automatically generate a smart contract wallet that users can use without the complexity of public key encryption. Privy works with multiple ERC-4337 suppliers to support future standards such as permission keys and smart account discovery.
Privy releases new feature to simplify account abstraction, helping developers easily create smart wallets
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