Lace, a web3 non-custodial wallet developed by Input Output, 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 Mar. 20. Hoskinson is the founder of Cardano (ADA), one of the top cryptocurrency and blockchain projects.
According to IO, the Lace wallet’s non-custodial solution is now officially multichain. The launch expands the wallet’s support beyond Cardano, with initial support for Bitcoin (BTC).
“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,” Brandon Wolf, general manager at Lace, said.
Lace now allows its users to 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 does not only help accelerate adoption for Bitcoin—it also boosts the broader ecosystem. As the top blockchain network sees increased traction across decentralized finance and smart contracts, several layer-2 solutions built on top of it are gaining further adoption.
“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 maximise the best of blockchain innovation” Hoskinson said.
The integration provides an “intuitive gateway” that will help maximize blockchain innovation and add to the growth of DeFi, the Cardano founder added.
Other than DeFi, Lace’s web3 traction includes non-fungible tokens and multi-chain asset management.
Bitcoin continues to attract attention for its potential, with zero-knowledge powered platform BitcoinOS among those to champion its integration with crypto.
The project’s open-sourcing of its BitSNARK v0.2 unlocks unlimited BTC programmability, the protocol’s team posted on X. BitcoinOS’ code allows anyone to verify ZK proofs on Bitcoin.
