Abstracted accounts will drive 1 billion users in Asia to Web3

5. Juli 2023

Abstract accounts, also known as "smart accounts," could eventually move 1 billion users in the Asian region to Web3, according to an executive at ethereum software solutions provider ConsenSys. Laura Shi, director of strategic initiatives at ConsenSys, said that the Ethereum and Web3 ecosystems have seen strong expansion in Asia this year. More dApps are improving user experience in Asian markets, including introducing Asian language support. This expansion is largely driven by the launch of the Zero-Knowledge Ethereum Virtual Machine (zkEVM) and the mass adoption of Optimistic rollups.