Lace, a web3-not-supply wallet developed by input exports, is now multichain, with initial support including Bitcoin.
Input -output, an infrastructure and web3 research platform founded in 2015 by Charles Hoskinson and Jeremy Wood, announced The development via a press release on March 20. Hoskinson is the founder of Cardano (ADA), one of the best cryptocurrency and blockchain projects.
According to IO, the non-guardianship solution of the lace wallet is now officially Multichain. The launch is expanding the support of the wallet from Beyond Cardano, with initial support for Bitcoin (BTC).
“The future of blockchain is Multichain, and with Kant we ensure that users have everything they need in one powerful, usual wallet. Building on the foundations we have set with Cardano, we have identified Bitcoin as the logical next step. And we have just started,” said Brandon Wolf, general manager at Lace.
With Lace, users can now store, manage and transfer BTC.
According to IO, the integration of BTC is a milestone that brings Web3 closer to reality.
This is because the support not only helps to accelerate the adoption for Bitcoin – it also increases the wider ecosystem. Since the best blockchain network sees an increased traction about decentralized finances and smart contracts, various Layer-2 solutions that have been built on top get further acceptance.
“Bitcoin was the starting point for the web3 journey of many people, and now we are witnessing the following evolution with the rise of Bitcoin Defi. With Bitcoin integration now live, Lace creates a seamless, intuitive access gate to maximize the best of blockchain innovation,” said Hoskinson.
The integration offers an “intuitive gateway” that will help maximize blockchain innovation and contribute to the growth of Defi, the Cardano founder added.
Apart from Defi, Lace’s Web3 traction includes non-fungal tokens and multi-chain assets management.
Bitcoin continues to attract attention to his potential, with zero-knowledge-driven platform Bitcoinos among those to defend his integration with crypto.
The open-sourcing of the project of his BitsNark V0.2 unleashes unlimited BTC programmability, the team of the protocol on X. Bitcoinos’ code allows everyone to verify ZK evidence on Bitcoin.
