TechFlow news — Official announcement: The Element marketplace has officially integrated account abstraction (AA) wallets, offering NFT trading services with AA wallet support to users across 12 EVM-compatible public blockchains. The first AA wallet integrated into Element is 「Cyber Wallet」, the latest release from Cyber Connect, the leading social network infrastructure.
Compared to externally owned accounts (EOA) wallets like MetaMask, account abstraction (AA) wallets enable assets to be fully held and managed by smart contracts, providing key advantages:
1) Eliminates reliance on seed phrases;
2) Reduces human error;
3) Seamless compatibility across EVM chains;
4) Enables shared accounts and multi-user operations.
Element, the first multichain NFT marketplace and aggregator, serves over 1.5 million users with real-time data analytics, efficient trading tools, and customized collection navigation, significantly lowering transaction costs. Element has raised $11.5 million in funding from leading investors including Sequoia Capital, SIG, Dragonfly Capital, and Draper Dragon.
