This episode is sponsored by SAFE, the account abstraction leader on Ethereum.

I'm a huge fan of seeing Web3 through the lens of ownership, because that's the core part

of what it enables. A new internet to be built where users are owners, users can participate,

and that ranges from owning a piece of music, from a creator, to articles, to just tokens that allow to participate in governance of protocols or platforms.

That's exactly where then self-custody comes into play because if you want to be an owner, it also comes with responsibilities of actually having control over these assets.

And that's then where wallets are needed

because they enable users to really do freely whatever they want.

Welcome to this special bonus episode of Gen C.

We are here today with Lucas Shore.

Lucas is the co-founder of Safe.

Safe is a product that we use here at CoinDesk. We focus a lot on security and making sure that our assets are safe and that we have the most advanced

tools in order to control our systems. So we're going to find out all about safe with Lucas here.

So Lucas, first off, for our audience, can you just simply describe what safe is?

Sure. And thanks for having me, Sam. I and very glad to hear that you use it safe yourself.

So essentially, safe is all about making sure that smart accounts become the default user accounts

in Web3. So traditionally, most users of Web3, they use something that's called externally owned

accounts. That's like the typical seat phrase, private key that some might know, you have to

write down and keep safe because if you lose it, you lose access to entire wallet. And what

safe does is it leverages smart accounts. That means it creates user accounts that are based on smart

contracts rather than these EOAs. and that makes these user accounts programmable.

So we can have much more secure setups for users, and it just knows much more flexibility as

well.

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