Wednesday, February 19, 2025

Biconomy and Rhinestone Launch First Module Store for Account Abstraction

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KEY TAKEAWAYS

  • Biconomy and Rhinestone have launched the first Module Store for account abstraction, enhancing the Web3 user experience.
  • The Module Store will transform digital wallets into open platforms, supporting gasless transactions and improved security.
  • Developers can create and distribute modules, secured by a trusted network of auditors, to enhance dapp experiences.
  • Partnerships with Silence Laboratories, Enso.Finance, and Lit Protocol will integrate DeFi and programmable key pairs into the Module Store.

Biconomy and Rhinestone have announced the launch of the first Module Store for account abstraction, set to transform the Web3 user experience. This initiative aims to turn digital wallets into open platforms for developers, offering a plug-and-play experience for decentralized applications (dapps). The new system will enable the removal of seed phrases, support gasless transactions, and enhance security.

From the first quarter of 2024, all dapps and wallets built on Biconomy’s embedded smart account will have access to the Module Store. This marketplace will feature smart account modules designed to unlock specific dapp experiences and improve Web3 user experience. Developers can build these modules, which will be secured by a trusted network of auditors, creating a seamless system for dapp developers.

How the Module Store Works

The Module Store will initially launch with a set of modules developed by Biconomy, including session keys, passkeys, and batched transactions. Over time, the platform will support any modular smart account implementation, allowing developers to create and distribute their own modules.

Rhinestone’s unique infrastructure powers the Module Store, supporting an on-chain ecosystem of modules. The Rhinestone Protocol aims to enable extensible, portable, and secure modular smart accounts. Additionally, Rhinestone will allow dapps to build custom modules through its ModuleKit, a toolset that simplifies module development.

Partnerships and Security Measures

Biconomy and Rhinestone are collaborating with several partners to bring the Module Store to life. Silence Laboratories will play a key role in providing session keys, while Enso.Finance and Lit Protocol will offer DeFi integrations and programmable key pairs, respectively. Early adopters of the Module Store include Fetcch, Sukuri Protocol, Moonchute, and Blockfence, among others.

Security remains a top priority, with Zelic, Ackee, and AfterDark working on contract auditing and ongoing security solutions. As dapp developers increasingly turn to account abstraction, the Module Store is expected to become a standard for secure, self-contained wallet features.

For more information, the full announcement can be found here.


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Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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