ChainCatcher news, according to official information, the Ethereum Foundation has announced the launch of its first official summer internship program, including research internships and software engineering internships, aimed at cultivating the next generation of Ethereum developers and researchers. Participants will directly contribute to core projects in key areas such as protocol security, account abstraction, scalability research, and client development.It is reported that selected interns will be assigned a short-term project and a mentor and are expected to work independently to some extent. Applications are currently open, with a deadline of December 9, 2024. After preliminary screening, formal interviews will be conducted, and the selection notification process is expected to be completed by January 10, 2025.

ChainCatcher news, encrypted KOL cygaar posted on X, stating that Abstract has launched the Abstract Global Wallet (AGW), "We are building a brand new chain-level experience—users will never need to download extensions, and applications can seamlessly be 'plug and play'." AGW leverages multiple features of Abstract's native account abstraction protocol.According to reports, AGW aims to address issues such as fragmentation, unclear user experiences, and opaque transaction flows. At its core, AGW is a smart contract wallet driven by account abstraction. AGW will utilize multiple AA features to enhance the user experience.The default signer for AGW will be an embedded wallet powered by Privy. Privy allows users to log in seamlessly via social media, email, passwords, or existing EOAs. The Privy signer will initiate transactions on behalf of the AGW smart account and will also be able to provide real-time transaction simulations and fraud prevention at the point of transaction. The team will also allow users to control AGW in the future using existing EOAs and passwords.

ChainCatcher news, Toyota Blockchain Lab published a blog post stating that it is researching how to introduce mobility into public blockchains. Exploring the construction of "MOA" (Mobility-Oriented Account) based on the account abstraction standard ERC-4337 in the Ethereum ecosystem.MOA account abstraction separates the authentication process from key management, ensuring that even if the private key is lost, the account itself can be retained. This makes account management more secure and flexible. By preserving a state available for external reference, information related to vehicles (such as usage history and maintenance records) can be managed more transparently and efficiently.In addition, MOA allows operations to be executed with the approval of multiple entities (rather than a single entity). This enables various stakeholders, including vehicle users, owners, manufacturers, dealers, and regulatory agencies, to participate in the approval process for vehicle-related transactions.It is reported that the Toyota Blockchain Lab is an organization established within the Toyota Group in 2019, aimed at promoting the use of blockchain. Initially focused on corporate projects related to material and information traceability, its activities have recently expanded to include public chain-related topics such as web3 and innovative finance.

ChainCatcher news, according to The Block, the account abstraction wallet Holdstation on ZKSync announced the completion of a strategic funding round, with the specific amount undisclosed. SNZ Capital, Summer Ventures, and EVG Ventures participated in the investment. The new funds will drive the integration of Holdstation with artificial intelligence, promoting the development of its smart AI wallet.

ChainCatcher news, the native account abstraction layer Zyfi announced the completion of a $2 million private placement financing on platform X, with participation from Tenzor Capital, Everstake Capital, ZBS Capital, and others.According to the Web3 asset data platform RootData, ZyFi is a payment-as-a-service solution focused on flexibility and ease of integration. It was created to accelerate the adoption of payers within the zkSync ecosystem. DApps can suggest their users to make payments using any ERC-20 token traded on zkSync, or they can decide to sponsor part or all of the transaction gas costs using their own custom logic.

ChainCatcher message, Merlin Chain announced on social media that the Merlin mainnet and AA wallet upgrade will start at 3 PM Beijing time on May 24 and will last for 12 hours.During the upgrade, block generation will be paused, and the cross-chain bridge and Particle Network's AA wallet will be unavailable. Please prepare accordingly in advance.

ChainCatcher news, the Bitcoin Layer 2 network BOB (Build on Bitcoin) announced the integration of the BTC Connect protocol, which is a Bitcoin account abstraction protocol designed by Particle Network.It is reported that this integration aims to provide a smooth user experience after the launch of the BOB mainnet.

ChainCatcher news, according to The Block, Ethereum co-founder Vitalik Buterin stated during a speech at the cryptocurrency conference BUIDL Asia held in Seoul, South Korea, on Wednesday that account abstraction is a way to provide security and convenience for blockchain developers and users.Vitalik mentioned that modern account abstraction includes other features that enhance security and convenience, which are currently not supported by Ethereum. The security goals include allowing users to change and revoke private keys as well as better account recovery methods, while the convenience goals include enabling users to pay Gas fees with ERC-20 tokens and automating payments. Vitalik also stated, "In the next 10 years, we will truly upgrade the ecosystem at the user level."Additionally, Vitalik shared his views on the metaverse, stating, "For me, the metaverse is one of those things that is very vaguely defined, and it feels like everyone has this expectation of a virtual world they can all participate in." Vitalik pointed out, "But the challenge is that it is often associated with virtual reality, and with virtual reality, what people really need will ultimately become much simpler."

ChainCatcher news, Particle Network announced on X the launch of the first Bitcoin-based account abstraction protocol, BTC Connect.It is reported that BTC Connect upgrades your native Bitcoin wallet to an EVM-compatible AA account, realizing all the benefits of full-stack account abstraction (AA) across all BTC Layer 2 solutions. This includes no GAS, no private keys, account programmability, and more. It will integrate with compatible wallets such as unisat, okxweb3, Leather, BitgetWallet, phantom, and xverse.