- IOG has launched Lace, a light wallet platform for the Cardano ecosystem.
- Lace is the first native wallet for the Cardano ecosystem.
Lace Wallet Features
The cryptocurrency wallet has similar features to MetaMask and Trust Wallet, especially a web3 browser. However, Lace’s primary focus is to give ADA enthusiasts direct access to Cardano-based decentralized applications (dApps).
Lace is out! https://t.co/4JIYSogGeO
— Charles Hoskinson (@IOHK_Charles) April 11, 2023
Future Developments
Despite the wallet’s existing feature, Lace developers have announced plans to roll out in-wallet swaps, dApp store, fiat-to-crypto on-ramps, and multi-delegation in future releases.
IOG, the research and development arm of Cardano, has released a light wallet platform for the Cardano ecosystem called Lace. Lace is the first native wallet for the Cardano ecosystem and allows users to send and receive digital assets, including ADA, Cardano-based NFTs, and other tokens.
BIG day for IOG – our new #LacePlatform is live on the mainnet.
Congratulations to all the @Lace_io team and thanks to you, the #CardanoCommunity, for getting us here.#Cardano https://t.co/NS8GSH0sKN
— Input Output (@InputOutputHK) April 11, 2023
Users can also stake their ADA tokens using Lace, contributing to the network’s security. Lace has similar features to MetaMask and Trust Wallet, with a primary focus on providing ADA enthusiasts with direct access to Cardano-based decentralized applications (dApps). The bundle transaction feature allows users to send multiple assets to different addresses in one transaction, saving costs with a meager fee for each bundle transaction.
Lace is currently available as a browser extension, with plans for a desktop app. Future releases will include in-wallet swaps, dApp store, fiat-to-crypto on-ramps, and multi-delegation.
Lace’s mainnet release follows months of beta testing and feedback from members of the Cardano ecosystem. The development team said that Lace’s primary focus is to give ADA enthusiasts direct access to Cardano-based decentralized applications (dApps).
However, the team has announced plans to roll out in-wallet swaps, a dApp store, fiat-to-crypto on-ramps, and multi-delegation in future releases. Despite being a browser extension only for now, Lace’s bundle transaction feature can save users costs when sending multiple assets to different addresses in one transaction.
The development team is planning to launch a desktop app for the wallet, but there are no plans to launch on mobile yet.
