The newly created wallet is a Modular Account powered by Alchemy that works with Account Abstraction. It utilizes a smart contract account, allowing us to provide users with full custody of their funds while allowing us to customize the rules and configurations to simplify the user experience, like sponsoring the gas fees.

That's why you don't need to save a seed phrase or create a password when you sign up, and you don't have to manually sign each transaction, you can do it with biometrics.

Account abstraction allows us to package technically complex features into well-scoped modules, significantly simplifying the end-user experience for those surfing the World Wide Web.

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