OKX Launches ‘Smart Account’ Feature to its Web3 Wallet

OKX Wallet is one of the first wallets in Web3 with multi-chain account abstraction support.
OKX Launches ‘Smart Account’ Feature to its Web3 Wallet

A leading Web3 technology company, OKX, announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet.

This feature will enable users to pay for transactions on multiple blockchains using USDC or USDT.

With this feature, users may be able to interact with decentralized applications and smart contracts more easily and securely without exposing their private keys directly.

OKX’s Smart Account currently supports seven blockchains, including Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain.

The Seychelles-based crypto exchange claims it will soon launch additional account-abstraction features such as social recovery, which lets users dedicate “guardians” from their social network to help them recover their Smart Account.

“Our aim is to provide our users with the most accessible, secure, and powerful Web3 gateway,” OKX’s Chief Innovation Officer, Jason Lau, said.

“The Smart Account feature will play a significant role in achieving this goal. Account abstraction technology is a game-changer for the broader adoption of Web3 and enables new use cases and user experiences,” he added.

Also Read: Enhanced trading experience on OKX with Komainu Custody

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