Argent, Starknet Foundation Tag 'Several Millions' for New Startup Studio

To kick start more buidling on the layer-2 network Starknet, the eponymously named Foundation and Web3 wallet provider Argent are teaming up to launch a new startup incubator.

Called Hito Studios, the platform will provide all the bells and whistles a new startup needs, including legal support and hiring.

Starknet-based teams like Unframed, an NFT marketplace, and Ekubo, a Uniswap-esque decentralized exchange native to Starknet, have already joined to assist the launch.

"We have achieved significant milestones in enhancing the performance and scalability of Ethereum on Starknet," Starknet Foundation's CEO Diego Oliva shared with Decrypt. "Nevertheless, to achieve widespread adoption, it is also crucial to foster the participation of numerous teams in developing products that address substantial issues and deliver meaningful value to users."

Making Ethereum Wallets Smarter Is the Next Challenge—and Visa Is Among Those Working on It
It’s no secret that crypto wallets need a makeover, and fast. But as the pieces and players leading this makeover emerge, so too is a fight over what to call the effort. Some call it account abstraction, others call it EIP-4337. “We call it a smart wallet," Argent cofounder and CEO Itamar Lesuisse told Decrypt. "It’s as simple as that.” Argent, along with Safe (formerly Gnosis Safe), is at the forefront of the account abstraction movement, making crypto wallets easier, and smarter, to use. 

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