Lace Wallet Goes Multichain, Starting with Bitcoin
Lace, a web3 non-custodial wallet developed by Input Output, has expanded its support to include Bitcoin, marking a significant milestone in the multichain ecosystem.
Input Output, the infrastructure and web3 research platform founded by Charles Hoskinson and Jeremy Wood, made the announcement on Mar. 20. Charles Hoskinson is known for founding Cardano (ADA), a leading cryptocurrency and blockchain project.
The Lace wallet, known for its non-custodial solution, is now officially multichain with initial support for Bitcoin. This expansion of support beyond Cardano demonstrates the platform’s commitment to providing users with a comprehensive and user-friendly wallet experience.
“The future of blockchain is multichain, and with Lace, we’re making sure users have everything they need in one powerful, easy-to-use wallet. Building on the foundations we have established with Cardano, we identified Bitcoin as the logical next step. And we’re just getting started,” said Brandon Wolf, general manager at Lace.
Users of Lace can now securely store, manage, and transfer Bitcoin within the wallet, offering them a seamless experience across multiple blockchains.
The integration of Bitcoin into Lace is a significant milestone for the web3 ecosystem, as it not only accelerates adoption of Bitcoin but also contributes to the broader blockchain ecosystem. With Bitcoin gaining traction in decentralized finance (DeFi) and smart contracts, the integration with Lace opens up new possibilities for blockchain innovation.
“Bitcoin was the starting point for many people’s Web3 journey, and now we are witnessing its next evolution with the rise of Bitcoin DeFi. With Bitcoin integration now live, Lace is creating a seamless, intuitive gateway to maximize the best of blockchain innovation,” said Hoskinson.
In addition to DeFi, Lace’s web3 capabilities extend to non-fungible tokens (NFTs) and multi-chain asset management, providing users with a comprehensive platform for their blockchain needs.
Bitcoin’s integration with Lace comes at a time when the cryptocurrency continues to attract attention for its potential. Projects like BitcoinOS are championing BTC integration with innovative solutions such as BitSNARK v0.2, enabling unlimited BTC programmability and enhancing the protocol’s functionality.
Overall, Lace’s multichain support for Bitcoin signifies a step forward in the evolution of the blockchain ecosystem, offering users a seamless and intuitive gateway to blockchain innovation.