PayPal Supports ENS Domains

• PayPal and Venmo now support ENS domains.

• ZeroDev introduces Magic Account.

• Eigen Labs introduces a new security model.

• Zora releases its mobile app for all users.

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Payment platforms PayPal and Venmo now support ENS domains, enabling users to send crypto directly to .eth addresses from the apps. The integration automatically translates ENS names into their corresponding hexadecimal wallet addresses, simplifying transactions. The feature is initially available to U.S. users. Users can also save frequently used ENS names in an address book for easier access. By replacing complex hexadecimal addresses with easy-to-read names, ENS reduces the risk of errors and phishing attempts when executing transactions. So far, over 2 million primary ENS domains have been registered.

ZeroDev introduced Magic Account, a chain-abstracted smart wallet that offers a unified balance across multiple chains, allowing users to spend tokens on any chain without the need to bridge or manage gas tokens. The implementation leverages intents powered by Socket Protocol, allowing solvers to batch bridge transactions. According to ZeroDev CEO Derek Chiang, the system works on a "spend first, repay later" model, where solvers first fulfill a user's intent and later claim the funds from the source chain. ZeroDev also uses the ERC-7579 standard to ensure interoperability across different wallets. A demo of the Magic Account wallet is now live for L2 transactions.

Eigen Labs introduced the EigenLayer Security Model, a redesign for handling slashing events on the protocol. It focuses on three main components: Operator Sets, Total Stake, and Unique Stake. The model weighs votes from both Total and Unique Stakes to increase the cost of attacks while ensuring a slashing penalty for misbehavior. Operator Sets are groups of operators given delegated staked ETH to perform tasks for AVSs. Operators can earn rewards or face penalties based on their performance. Total Stake is the combined ETH delegated to all operators in a set, while Unique Stake is the portion of an operator's ETH that can be slashed if they misbehave. Slashing is not yet live on EigenLayer mainnet.

Zora launched its mobile app for all users, enabling easy onchain onboarding and content posting with just an email address. The app includes a seedless wallet powered by Privy, allowing users to fund their accounts via Apple Pay and publish NFTs for free on Zora Network. Creators can also withdraw funds directly to Coinbase. The app is designed to streamline the minting process, minimizing popups and reducing friction.

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