Echooo Wallet, an account abstract wallet, has completed a $15 million financing round with participation from A&T Capital and others.
According to BlockBeats news on July 17th, Echooo Wallet, an account abstraction cryptocurrency wallet, has completed a $15 million funding round with an estimated valuation of $100 million. Skyview Capital, A&T Capital, and other investors participated in this round of funding.
Echooo Wallet will launch a "limited time free account abstract wallet giveaway" promotion at 22:00 on July 17th.
Note: Account abstraction aims to reduce complexity and improve efficiency by omitting unnecessary details in the Ethereum account system, eliminating the need for EOA and special handling of smart contract wallets. It also allows for dual-factor authentication, signing transactions on mobile phones using fingerprint or facial recognition, and setting monthly spending limits for accounts.