PANews reported on August 14 that according to The Block, modular smart account development company Rhinestone raised $5 million in a seed round led by 1kx, with other supporters including CoinFund, Lattice, Heartcore, Circle Ventures, etc. Rhinestone is committed to building a smart account infrastructure to make it more interoperable, secure and functional.

Rhinestone provides developers with tools through self-contained modules, aiming to improve the interoperability and security of smart contracts. The company is also developing a platform that enables developers to distribute and monetize their modules, which can be installed by end users and dapp developers. The financing will be used to expand the team and smart account infrastructure, and expand the developer incentive program.