According to Odaily Planet Daily, Rhinestone, a startup company dedicated to building modular account abstraction infrastructure, announced that it has completed a Pre-Seed round of financing. Investors include 1kx, Safe, Lattice, Heartcore and other companies, as well as Calvin Lui (Chief Strategy Officer of EigenLayer), Angel investors such as Georgios Vlachos (co-founder of Axelar) and Waikit Lau (Lau Ventures).
It is understood that Rhinestone's infrastructure enables developers to easily build self-contained components and extend the functionality of user accounts by opening the programmability of smart accounts to third parties. These smart account modules can be integrated with existing accounts through the Rhinestone Protocol, allowing developers to distribute and monetize their modules and make them discoverable and installable by users or dapp developers.
Last month, Rhinestone announced a partnership with Biconomy to enable a plug-and-play embedded wallet system via the Module Store. Rhinestone’s infrastructure opens Biconomy Smart Accounts to modules built by any third-party developer and turns its embedded wallet into a distribution platform.
Currently, Rhinestone supports Safe, Biconomy and ZeroDev Kernels, and developers can register on their website to contribute or use the Module Store. In addition, Rhinestone is also developing a modular smart wallet interface.