Lace, a web3 wallet by Input Output, has launched Bitcoin support, marking a step towards multichain functionality.
Lace's Multichain Solution
Input Output, founded by Charles Hoskinson and Jeremy Wood in 2015, announced the development of multichain solutions for Lace. Initially, support extends to Bitcoin, marking a significant step forward.
The Significance of Bitcoin Support
Lace now allows its users to store, manage, and transfer BTC. The support not only accelerates its adoption but also expands the web3 ecosystem.
Prospects for DeFi and Innovation
The integration of BTC creates an intuitive gateway for maximizing blockchain innovation and supports the growth of DeFi. Lace's web3 traction also includes support for NFTs and multi-chain asset management.
The integration of Bitcoin into Lace underlines the efforts to build a multichain ecosystem and drive innovation in DeFi, NFTs, and asset management.