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Author: 1KX, Translation: Bit Chain Vision Xiaozou
Since the establishment of 1KX Fund in 2018, we have invested more than 100 projects. Our investment decision is based on such a point:The token network driven by software and community has huge potential, which can affect the entire world economy and society.We believe that the technology to achieve this goal is based on the following three main principles:
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Self -hosted.Users should fully have and control their digital assets and be able to use them in a safe and convenient way.(The first digital property rights have been unlocked by the first time)
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Open innovation.The original technical language should not be permitted and can be combined to establish a flexible ecosystem consisting of independent products and services.
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Community ownership.Construction agents, contributors, and users should own and control agreements and infrastructure that provide support for our daily lives.In the long run, this will keep the motivation of network participants consistent. As a mechanism of the agreement, tokens will be used to capture the value created and allocate these values to the interest -related activities and activities that help them succeed.Essence
Over the past five years, Safe has laid a solid foundation for the three pillars of the Web3 ecosystem.First of all, it provides a self -custody intelligent account that enables the chain organization to store and manage their funds securely.Then, it opens its core infrastructure, allowing independent teams to develop and build in a modular and unauthorized manner.Third, it also launched Safedao and SAFE tokens, which aims to help the project achieve decentralization of technology, economic and governance of key components in the SAFE ecosystem.
Why do we investSAFEIntersection
Safe was born in the classic entrepreneurial style- “creating what you want”. At that time, the GNOSIS team developed an internal multi -signal smart contract wallet “GNOSIS SAFE” for storing team funds.The wallet was quickly adopted by other DAOs and communities that seek assets on the assets in a simple way.Among the increasing DAO tool kits at the time, SAFE was the earliest foundation to find the product market.
When we led SAFE in 2022, it had become the fact that many DAOs, enterprises and senior users de facto asset management solutions.Safe stored more than $ 40 billion in value at the time. A new ecosystem included wallets, cOINSHIFT, Parcel), DAO tools, NFT investment port management (Castle) and other products.Above the core smart account.
As a long -term user, we have regarded SAFE as the key infrastructure in this field, but we are more excited about the upcoming things.The value of SAFE is far more than a independent multiple -signing wallet.It is designed as a completely secure programming ownership platform.In the past two years, we have worked with the SAFE team to build this vision and continue to make progress through Safe {Wallet} and Safe {core}.
Empowerment of programmable ownership
Safe {Wallet} is a flagship self -custody wallet based on SAFE {core} smart account contract. Due to its unparalleled security performance, team’s technical rigor and community management, it is now the most Lindi effect product in Web3.one.
In the market cycle of a round of rounds, SAFE’s adoption is getting stronger and greater, and those who have been discovered to the centralized service provider regardless of user funds have further promoted the use of SAFE.In the week after the FTX incident was exposed, due to the user’s turn to self -custody solutions, the SAFE net inflow funds exceeded $ 800 million, which further showed that the market was full of confidence in the product and expanded the user base of SAFE products and service ecology.
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Today, the key performance of Safe is as follows:
· The total value of 15 networks exceeds 100 billion US dollars
· The monthly transfer volume of ETH alone exceeds 1 billion US dollars
· 8 million SAFE accounts have been created (290%year -on -year)
· 42 million SAFE transactions have been reached (350%year -on -year increase)
· More than 200 projects have been developed and constructed based on the SAFE account and tools
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SAFE is now used to support payment business through traditional payment channels (via GNOSIS Pay and Basedapp).For the first time in history, consumers can use their own assets in their own SAFE to buy goods from any merchant receiving VISA payment.Safe {Core} smart account also provides support for WorldCoin’s self -hosting ownership technology stack, and has millions of unique address users worldwide.
With a test -testing intelligent contract as the core, Safe {Wallet} can be combined with other protocols and applications.Its application store currently has more than 100 applications, covering DEFI, NFTS, bridge and governance fields. Users can directly interact from the wallet interface.More importantly, the SAFE architecture is convenient for functional expansion through third -party modules.This allows users to choose their service providers they want to cooperate and transform Safe into a platform for downstream products and services.
Taking the recovery module as an example, after installation, the user can immediately specify a recoverter and customize the recovery condition.The recently launched RECOVERY HUB launched by SAFE uses this module to provide a carefully planned cryptocurrency recovery option market (starting from the Sygnum and Coincover options) to caters to individuals, DAOS and institutions’ different preferences for the recovery solution and providers.
Other examples of the module include session keys, account automation and expenditure restrictions.So far, the Yodao Twelfth Palace team is responsible for the most produced safety module.But in the past year, we have seen specialized module infrastructure projects, such as the emergence of RhineStone and ZENGURD. They accelerate the development of module through the development staff tools and module registry, making smart accounts stronger than ever ever ever ever ever ever everEssence
Let everyone accessWeb3
As the first and leading smart account provider, SAFE has always been at the forefront of account abstraction. The account abstraction aims to use smart accounts as the default method to interact with Web3.2023 is the key year of the wallet ecology. The main network deployment of the ERC-4337 Entrypoint contract and the surge in embedded wallets. Users can use familiar login processes to log in to DAPPS.
For developers and builders, Safe {Core} is an important tool for integrating Safe smart accounts to any platform.Safe {Core} has an account abstract SDK, which is designed as a Paymaster service without GAS abstraction, authentication providers and relay infrastructure in transactions, which makes the Safe account almost compatible with any development tool stack.Safe {Core} SDK continues to lead the market share, and developers hope to enhance their DAPP usability through account abstraction functions.
SAFE’s commitment to the highest security standards and its unparalleled consistent performance enables developers to launch a ready -made apps, and users can interact with the SAFE account because they have adopted the test of time.Account abstract is only the first step to release the total potential of Web3.SAFE’s primitives, tested infrastructure, and vibrant builders’ communities that are not limited by cases are not limited by cases, so that they can achieve more ambitious goals in the next few years.
As a long -term user and member of the SAFE ecosystem, we look forward to seeing that as smart accounts become the main way to interact with Web3, the original SAFE’s original sayings have spread and popularize in new user bases, networks and markets.
