According to Foresight News, Rhinestone, a modular account abstraction project, has announced the completion of its pre-seed funding round. Investors in the round include 1kx, Safe, Lattice, Heartcore, Calvin Lui, Chief Strategy Officer of EigenLayer, Georgios Vlachos, co-founder of Axelar, and Waikit Lau of Lau Ventures. The specific amount of funding raised was not disclosed.
Rhinestone is building a platform to enable a secure ecosystem for smart account modules and facilitate permissionless wallet innovation. The platform will allow any developer to create a smart account module that can be paired with front-end components, enabling users to easily install, remove, or replace their accounts. Previously, Rhinestone was one of the 18 projects selected for the Ethereum Foundation's ERC-4337 account abstraction funding round.
