TechFlow news: Account abstraction infrastructure Pimlico announced a $4.2 million seed round led by a16z crypto.
Pimlico is dedicated to simplifying Ethereum usage, and this funding will accelerate progress toward that goal. Their smart accounts overcome limitations of the Ethereum protocol by introducing fully customizable logic, including features such as gas sponsorship, ERC-20 token gas payments, and account recovery.
Their technology has already seen widespread adoption, processing nearly 3 million user operations. Additionally, innovative projects like Daimo and Patch Wallet leverage their smart accounts for P2P payments and social media token transfers.
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