TL;DR
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Ethereum ‘smart account’ wallets will allow users to buy subscriptions (e.g. Netflix), set up automated payments, and sign in to Web3 apps w/ Web2 social accounts.
Full Story
Not to sound like a broken record, but…
We have exciting news that will help push Web3 adoption!
The News: Ethereum is looking to unlock full utility by turning wallets into ‘smart accounts.’
Why We Care: these smart accounts will allow for a seamless experience, that’s 100% friendly to Web2-natives.
Users will be able to purchase things like subscriptions (e.g. Netflix), set up automated payments between themselves (e.g pay rent), and sign in to their smart account using existing Web2 accounts (e.g. ‘Sign In With Discord’).
PLUS! From the other side:
As of today, most (if not all) Web3 apps cost money to explore (e.g. want to post on a Web3 social platform? It’ll cost ya!).
With smart accounts, developers can opt to cover the fees, in order to super charge adoption rates.
This is a big deal!
Cause right now, most Web3 apps are trying to charge folks to use something they’re used to getting for free — and that’s a losing strategy!
Godspeed, smart accounts. Godspeed.
