Smart Wallets
for fully autonomous transactions
NFTB Smart Wallets are an ideal fit for fully autonomous applications due to their ability to securely manage and interact with digital assets and execute transactions without relying on centralized intermediaries or remembering private keys.
Our Smart Wallets provide users with complete control and ownership over their assets, allowing them to participate in autonomous systems with confidence.
Intuitive user interfaces and robust encryption protocols provide a secure and convenient solution for storing, sending, and receiving digital assets, loyalty rewards, and other digital tokens.
Smart Wallets can be customized to meet the specific needs of each user or application. This makes them a versatile and powerful tool for managing digital assets
A ‘Smart Wallet’ is a new type of wallet that is controlled by a programmable smart contract. This gives a ‘Smart Wallet’ a number of advantages over traditional wallets, including:
- Improved security and safety: Smart wallets are more secure than traditional wallets because they are protected by smart contracts. This means that even if a user’s private key is compromised, their funds are still safe. Additionally, smart wallets can be configured with multi-signature functionality, which requires multiple people to approve a transaction before it can be sent. This makes it even more difficult for unauthorized users to access a user’s funds.
- Increased flexibility and customization: Smart wallets are customizable to meet the specific needs of your community. For example, NFTB smart wallets may allow users to set spending limits, manage permissions, or recover their account if they lose their private key. This level of customization can help to improve the user experience and make it easier for users to manage their digital assets.
- Enhanced user experience: Smart wallets can provide a more streamlined and user-friendly experience than traditional wallets. For example, smart wallets can automatically generate addresses, track transactions, and sign contracts. This can save users time and hassle, and make it easier for them to participate in web3 powered experiences.
Use Case | Gaming
- Store in-game currency and items: Smart Wallets can be used to store in-game currency and items. This would make it easier for users to manage their assets and trade with each other, creating a more liquid market for in-game items and potentially making it easier for users to get the items they want.
- Implement play-to-earn mechanics: Smart wallets can be used to implement play-to-earn mechanics in games. This would allow users to earn in game tokens by playing the game. Additionally, users can autonomously sign transactions to claim or transfer such tokens.
- Enable cross-game compatibility: Smart wallets can be used to enable cross-game compatibility. This would allow users to transfer their in-game assets between different games, creating a more open and interconnected gaming ecosystem.
- Provide more secure and user-friendly transactions: Along with Aura Identity, Smart Wallets provide more secure and user-friendly transactions. This is because smart wallets are protected by smart contracts, which are more secure than traditional wallets. Additionally, smart wallets can be customized to meet the specific needs of a game, for example, setting spending limits or recovering an account if a user loses their private key.
Use Case | Immersive Marketplaces
- Store digital assets: Smart wallets can store digital assets such as NFTs, loyalty rewards and tokens, access credentials, and other blockchain-based assets. This would make user engagement easier for immersive spaces. For example, a user could buy an NFT in an immersive space and then use it to access exclusive content or features.
- Implement decentralized governance: Smart wallets can be used to implement decentralized governance in immersive spaces. This would allow users to have a say in how the immersive space is run. For example, an immersive space could use smart contracts to allow users to vote on new features or changes to the immersive space’s rules. This would give users more control over the immersive space and make it more transparent.
- Interoperability: Smart wallets can be used to enable cross-platform compatibility. This would allow users to access their digital assets from different devices and platforms. For example, a user could buy an NFT in an immersive space on their computer and then use it in another immersive space on their phone, creating a more seamless and user-friendly experience for users.
- Provide more secure and user-friendly transactions: Smart wallets can provide more secure and user-friendly transactions. This is because smart wallets are protected by smart contracts, which are more secure than traditional wallets. Additionally, smart wallets can be customized to meet the specific needs of an immersive space. For example, an immersive space could create a smart wallet that allows users to set spending limits or recover their account if they lose their private key.
Frequently Asked Questions About Smart Wallets
What is ERC-4337?
ERC-4337 is an Ethereum Improvement Proposal (EIP) that defines a standard for smart contract wallets. It allows users to interact with smart contracts without having to manage their own private keys.
How do I create an ERC-4337 based smart wallet?
There are a number of ways to create an ERC-4337 based smart wallet. One way is to use a third-party service, such as Argent or Gnosis Safe. Another way is to create your own smart wallet using a development framework, such as Truffle or Hardhat.
How do I use an ERC-4337 based smart wallet?
Once you have created an ERC-4337 based smart wallet, you can use it to interact with smart contracts. To do this, you will need to use a web3 compatible wallet, such as MetaMask or Coinbase Wallet.
What are the different types of ERC-4337 based smart wallets?
There are two main types of ERC-4337 based smart wallets:
- Single-signature wallets: These wallets require only one signature to approve transactions.
- Multi-signature wallets: These wallets require multiple signatures to approve transactions.
What are the benefits of using ERC-4337 based smart wallets?
There are a number of benefits to using ERC-4337 based smart wallets, including:
- Improved security: Smart contract wallets are more secure than traditional wallets because they do not require users to manage their own private keys.
- Reduced complexity: Smart contract wallets are simpler to use than traditional wallets because they do not require users to understand how to interact with smart contracts.
- Increased flexibility: Smart contract wallets are more flexible than traditional wallets because they can be programmed to support a wider range of features.
What are the drawbacks of using ERC-4337 based smart wallets?
There are a few drawbacks to using ERC-4337 based smart wallets, including:
- Cost: Smart contract wallets can be more expensive to use than traditional wallets because they may require gas fees to execute complex transactions.
- Complexity: Smart contract wallets can be more complex to understand than traditional wallets because they are based on smart contracts.
- Risk: Smart contract wallets are subject to the same risks as smart contracts, such as the risk of bugs or hacks.