There has been a lot criticism about @Ledger's new recovery solution Ledger Recover. But I think there is a path to mitigate some of the concerns around it.

The answer: Account Abstraction! 🧵👇 At @Safe we are enabling account abstraction through a modular Smart Account. This means your onchain account can be controlled through self-custodial private keys, but can also have arbitrary logic through plugins which we call "Safe Modules".

I will clear up some misconceptions about @safe in the coming weeks. Let's start with a very common one:

🤔 Popular opinion: "Safe is a Multisig"
💡 Reality: "Safe is a composable Smart Account framework"

Here's why 👇🧵 It's true that Safe Smart Accounts are very often used by teams and DAOs using a Multisig configuration. Which means that a Safe Smart Account is controlled by multiple private keys that have to co-sign transactions.

The solution space for hybrid custody is vastly under-explored.

With @gnosisSafe you can build solutions that keep full control with the user but give partial responsibility to trusted third-parties such as... 👇 1) Watchtower: Third-party that observes all transactions and blocks them on-chain if they seem malicious / sketchy. Potentially coupled with an insurance.

On Friday, the @gnosisdao community voted to spin-out the @gnosisSafe project and launch the $SAFE token.

A thread on what that means for the future of the project and Web3 in general. 👇 First of all I‘d like to express how grateful I am about the excitement around this proposal. More than 900 community members voted, the biggest voter turnout in the history of @gnosisdao. This itself is a huge achievement! 🏅
snapshot.org/#/gnosis.eth/p…

Apple is blocking a release of our @gnosissafe mobile app because we display NFTs in it. After 2 weeks of back-and-forth, I felt that we need to talk publicly about this to raise awareness.

See the thread for details and why this might affect other wallets and apps as well. 👇 2 weeks ago, we submitted a new version of the Gnosis Safe Mobile app to the app store. Shortly after we got the following response.