With an initial introduction on May 9th, WENEW Labs has announced a release of “next week” for its Warm Wallet smart contract. The solution the team has created includes “a simple method to link a hot wallet using a one-time transaction from a cold wallet.” Here is a brief breakdown on how it works:
WENEW’s latest tweet further illustrates how a user will be able to connect their cold wallet to a hot wallet in just three simple steps, allowing for greater security when connecting to Web3.
Given the amount of scams that continue to affect the growing ecosystem of users, this looks to be a very promising solution to ensure digital assets are stored safely while minimizing theft. For those that like to dive into the technical side of things, the official solidity contract can be found here, while the Governance Plan can be found here.