TechFlow reports, according to The Block, that the team behind decentralized currency project Eco Protocol has launched a cryptocurrency wallet called Beam, which will support payments on Layer 2 networks such as Optimism and Coinbase's Base.
Beam incorporates features like account abstraction (EIP-4884), enabling the wallet to function as a smart contract and supporting advanced capabilities including multi-factor authentication and social recovery of wallets. To date, Eco Inc. has raised over $90 million in multiple funding rounds from prominent investors including a16z, Lightspeed Venture Partners, and Pantera Capital to develop the Eco Protocol.
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