13 Apr 2023
IOG launches Lace Wallet on Cardano
We look at the much anticipated launch of Lace the IOG built Cardano wallet
Input Output Global (IOG) has launched its first light wallet platform, Lace 1.0, on Cardano. Lace has been developed with the same academic rigour and robust engineering at its core that IOG is known for, and it also values open collaboration with the community, which participated in beta testing and provided feedback.
Lace 1.0 Wallet
Lace is designed to bring the world together on Web3 by offering a fast, secure, and easy-to-use platform, independently audited by a third party. Users can send and receive Cardano digital assets, stake ADA to contribute to the security of the Cardano network and receive rewards, and even send multiple assets to different addresses in one transaction, thanks to the new bundle transaction feature.
Lace also offers hardware wallet integration for added security and seamless connections to NFT marketplaces, DApps, and DeFi services with the DApp connector. Users can add Lace 1.0 to their Google Chrome browser by visiting www.lace.io and hitting the "Add to browser" button. Lace 1.0 is just the first release, and the platform is expected to evolve with regular updates and enhancements in the future.
Lace 1.0: The Next Step in Cardano's Evolution Towards a Comprehensive Web3 Solution
The launch of Lace 1.0 on Cardano is a significant step for the IOG and the Cardano ecosystem. Lace has been developed to bring the world together on Web3, and its features are intended to make it a one-stop shop for everyone to experience everything that blockchain has to offer. The platform is designed to connect many different concepts together in a way that epitomizes where cryptocurrencies need to go for the mainstream. Lace wallet is intended to be used by everybody on a day-to-day basis for managing interactions with institutions and entities, managing funds, making payments, and more. The platform has been built by IOG, but co-created by the community, with early workshops and beta testing involving community members.
The launch of Lace 1.0 is just the first step in the platform's evolution. The Lace team is already working on developing a DApp Store, a desktop app, and digital identity solutions. Other planned features include fiat on/off ramps, in-wallet swaps, a richer staking experience with multi-delegation, and a portfolio view. The platform's future updates and enhancements will make it an even more powerful tool for users, and could help to drive Cardano's growth as a leading blockchain platform.
Flagship Thought
Overall, the launch of Lace 1.0 on Cardano is an exciting development for the blockchain industry. The platform offers a fast, secure, and easy-to-use platform that can help to bring more users into the world of Web3. The platform's integration with hardware wallets offers added security, and the DApp connector enables seamless connections to NFT marketplaces, DApps, and DeFi services. The platform's new bundle transaction feature is particularly noteworthy, as it allows users to send multiple assets to different addresses in one transaction, reducing transaction fees and making the platform more efficient. With regular updates and enhancements planned for the future, Lace has the potential to become a leading light wallet platform on Cardano and beyond.
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