Circle Introduces Web3 Platform With Enhanced Tools for Web2 Developers

BY Andrew Rossow

October 20, 2023

Global fintech company Circle announced two new Web3 Services products that will make deploying smart contracts easier on developers while almost entirely reducing gas fees for customers – “Gas Station” and “Smart Contract Platform.”

According to the Oct. 19 announcement, this release closely follows Circle’s Programmable Wallets launch, amplifying its commitment to build a “one-stop” shop ecosystem for developers to easily create, program, and deploy smart contracts without having to meddle with Solidity, an often complicated programming language that many developers are unfamiliar with. 

“Circle aims to enhance the Web3 wallet experience. By introducing Gas Station, we’re removing the traditional hurdles of blockchain transaction fees,” said Gagan Mac, head of product for Circle’s Web3 Services. 

He continued with Circle’s mission to utilize the Smart Contract Platform to help minimize the friction developers face while democratizing blockchain transactions.

A “Gasless” Future with Gas Station

It’s no secret in the blockchain community that the mandatory “gas fees” are often a huge setback for users/consumers in being able to easily transact, but that’s where Circle’s “Gas Station” comes in.

Developers and businesses can now integrate this feature into apps that link with Circle’s Programmable Wallets, ensuring users experience zero gas fees when transacting. Programmable Wallets enable builders to embed secure Web3 wallets in their apps and deliver improved experiences for users who transact with on-chain tokens. 

“Circle aims to enhance the Web3 wallet experience. By introducing Gas Station, we’re removing the traditional hurdles of blockchain transaction fees.”

Gagan Mac

For builders and businesses that pair with Gas Station they can use the ERC-4337 paymaster to sponsor gas fees, remove costs, and create a more desirable blockchain experience.

Grab, the widely-used super app has been testing the waters as a pilot program with Circle’s Programmable Wallets infrastructure, paired with Gas Station.

Unfortunately, the Gas Station feature is currently only available for Polygon (both mainnet and testnet) and Ethereum (testnet), with more chains joining the list soon.

Simplifying Smart Contracts

Though smart contracts act as the backbone of blockchain automation, their implementation has its complexities. Diverse tools, regular audits, and constant updates are the norm, often slowing down the development process.

Enter Circle’s Smart Contract Platform.

This tool offers an all-in-one solution, allowing developers to effortlessly deploy and manage smart contracts. Alongside a user-centric interface, it supports integrations through straightforward REST APIs.

This isn’t just about making life easier for developers; it’s about enhancing the end-user experience. Whether it’s NFT promotions, embedding DeFi features, or handling transactions with digital currencies, this platform is poised to accelerate smart contract deployment and more mainstream adoption by all parties involved in a transaction.

To further assist developers, Circle plans to release audited templates, enabling more streamlined and secure smart contract development.

The Smart Contract Platform, accessible via APIs, currently supports Avalanche, Ethereum, and Polygon. A no-code solution for Ethereum is also on the horizon. 

Editor’s note: This article was written by an nft now staff member in collaboration with OpenAI’s GPT-4.

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