OKX officially launches AA smart contract wallet
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OKX officially launches AA smart contract wallet
Through AA smart contract wallets, users can interact with multiple contracts within a single transaction, significantly enhancing support for advanced users' complex requirements.
Navigating Web3 tides with focused insightsOn August 2, 2023, OKX, a leading global Web3 technology company, announced the official launch of its AA (Account Abstraction) smart contract wallet within the OKX Web3 Wallet. This new feature enables users to pay gas fees with stablecoins such as USDT and USDC across multiple blockchains. Additionally, future development iterations will introduce advanced features like social recovery, allowing users to regain account access through trusted contacts in their social network even if private keys are lost.
OKX Web3 Wallet is among the first wallets to support multi-chain account abstraction. With the AA smart contract wallet, users can interact with multiple contracts in a single transaction—greatly enhancing functionality for advanced users while simultaneously improving ease of use for beginners, creating a more intuitive and user-friendly experience.
Jason Lau, Chief Innovation Officer at OKX, said: “Our goal is to provide users with the most convenient, secure, and powerful Web3 platform, and the OKX AA smart contract wallet plays a pivotal role in achieving this. Account abstraction technology drives broader adoption of Web3 by enabling new use cases and improved user experiences. We will continue building on this foundation to deliver more innovative features.”
Account abstraction simplifies cryptocurrency transactions by abstracting complex technical details behind more accessible, user-centric interfaces. It achieves this by merging a user’s smart contract and externally owned account (EOA) into a single "smart account," delivering a more unified Web3 experience.
Built on account abstraction technology, the AA smart contract wallet reduces the complexity of blockchain transactions. One of the biggest pain points for users has been navigating complicated processes and understanding technical terms like “Gas Fees” and “Gwei.” The AA smart contract wallet addresses this by condensing multi-step actions—such as token swaps or transactions—into a single click.
Haider Rafique, Chief Marketing Officer at OKX, said: “We’ve committed to our customers and the wider DeFi community that security and interoperability would be prioritized when developing our Web3 wallet and applications. In addition to supporting over 60 public chains and MPC wallet functionality, the official launch of the AA smart contract wallet means users can now transact across multiple blockchains without needing native tokens, with social recovery functionality coming soon. This is a significant advancement, and we believe the AA smart contract wallet will make cross-chain transactions smoother than ever.”
Advantages of the OKX AA Smart Contract Wallet:
Gas-Related Features
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Users do not need to use native blockchain tokens to pay gas fees
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Pay gas fees using stablecoins such as USDT/USDC
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When interacting with DApps via the Discover browser or web interface, third-party gas payment is also supported by the AA wallet.
Simplified Token Swaps and Staking
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The AA smart contract wallet consolidates multiple steps involved in swapping and staking on DEXs and DeFi platforms into one seamless action—users can complete token swaps and begin earning interest with just one click.
The OKX Web3 Wallet is not only the first wallet to support AA smart contract functionality across seven major public chains—Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain—but also the first to implement MPC technology across 37 public chains. By splitting private keys into three parts, it eliminates the need for traditional written backups of seed phrases, significantly enhancing security and removing single points of failure.
About OKX
As a leading global Web3 technology company, OKX offers an all-in-one suite of Web3 products designed to meet the needs of both beginners and professionals, including:
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OKX Wallet: The world’s most powerful, secure, and versatile crypto wallet, supporting over 60 public chains with unified functionality across mobile app, browser extension, and web platforms. It integrates five core modules: Wallet, DEX, DeFi, NFT Marketplace, and DApp Explorer. Additional features include Ordinals marketplace, MPC wallet creation, gas swapping, iCloud/Google Drive backup for seed phrases, custom networks, and hardware wallet integration.
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DEX: A powerful decentralized exchange and cross-chain aggregator that combines over 10 cross-chain bridges, 20+ public chains, 300+ DEXs, and 3 million+ trading pairs. Powered by X Routing intelligent routing, it executes trades across multiple DEXs in one transaction, offering users optimal pricing with zero trading fees. Also includes features like DEX market data, limit orders, and KYT security checks.
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Marketplace: The OKX Web3 Marketplace features two primary trading venues—Ordinals and NFT markets. The Ordinals market supports end-to-end trading, inscription of BRC-20 assets, and BTC NFTs. The NFT marketplace is a multi-chain aggregation platform with zero fees, combining creation, collection, and trading functions, supporting both primary and secondary market sales. It aggregates real-time listings from major platforms such as OpenSea, MagicEden, LooksRare, IMX Official, Element, and Blur, enabling one-click multi-platform listing. Supports 13 popular public chains including ETH, SOL, BSC, and OKTC.
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DeFi: An all-in-one on-chain investment platform aggregating over 10 public chains, 60+ projects, and 200+ protocols. Supports one-click cross-chain investments, automatic yield calculation, and optimized gas efficiency, making DeFi investing simpler than ever.
OKX partners with globally recognized brands and athletes such as Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, F1 driver Daniel Ricciardo, and the Tribeca Festival, aiming to enhance fan engagement through innovative interactive experiences.
As a leader in building cutting-edge technology products, OKX boldly challenges the status quo. Recently, it launched a global brand campaign titled The System Needs a Rewrite, advocating for a new paradigm led by Web3 self-custody technologies. For more information about OKX, download the app or visit: okx.com
Disclaimer
This article is for educational and informational purposes only and does not constitute, nor should it be construed as, financial or investment advice or a recommendation to buy, sell, or hold any product—including NFTs. The OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service available at www.okx.com.
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