STATE OF WALLETS PART 2: SMART ACCOUNTS

Summary from the TLDR Crypto newsletter

Part 2 of the ‘State of Wallets’ report goes over Account Abstraction (AA), which has the ability to greatly improve the UX for wallet users. One big improvement AA offers is gasless sponsored transactions, so users do not have to fund wallets with ETH to get started. Additionally, AA standardizes the ability to bundle transactions, making it easier to chain different functionalities together. AA also allows users to sign transactions with passkeys on Apple or Google devices.