The Safe Foundation and World Foundation have established a significant five-year token swap, solidifying a deep collaboration to advance secure self-custody solutions. This strategic partnership, part of Safe Foundation's 5M SAFE Ecosystem Alignment Program, uses SAFE and WLD tokens to create mutual economic exposure, aiming to accelerate widespread adoption of secure and accessible self-custody.
The Safe Foundation is allocating up to 5 million SAFE tokens to bolster the infrastructure that underpins secure self-custody across the onchain economy. This initiative fosters open collaboration through standardized agreements, ensuring that as self-custody technology matures, its economic viability is directly linked to the teams driving its adoption.
World has been a pioneer in onboarding individuals to self-custody, notably building on Safe's smart account technology. This foundation has enabled World to deliver a secure, self-custodial experience for over 37 million users, abstracting onboarding complexities and rivaling the user experience of centralized web2 services. Their ongoing development and support for builders, including grant programs for developers interacting with Safe-based accounts, further align with Safe's ecosystem goals. World Foundation's commitment to open-source standards complements the public-good nature of Safe's smart contracts.
Safe, previously Gnosis Safe, is a leading onchain asset custody protocol securing approximately $60 billion in assets. It provides a universal smart account standard for digital assets, data, and identity, aiming to unlock digital ownership for DAOs, enterprises, and retail users.