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HomeCrypto NewsMarketCardano Founder Announces Launch of New Wallet From IOG

Cardano Founder Announces Launch of New Wallet From IOG


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IOG has released a new light wallet platform for Cardano users.

Charles Hoskinson, Cardano Founder, and the famous crypto entrepreneur, announced the mainnet launch of Lace, a light wallet platform for the Cardano Input Output Global (IOG).

The wallet’s official Twitter handle first announced Lace’s launch. An hour later, Cardano’s founder reacted to the post, saying: 

IOHK also shared the development:


Lace’s mainnet release comes following months of beta testing and feedback from members of the Cardano ecosystem, the team said in an announcement. 

Lace is the first native wallet for the Cardano ecosystem. It was developed by the research and development arm of Cardano, Input Output Global (IOG). 

Features of Lace Wallet

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).

Through Lace, users can send and receive digital assets, including ADA, Cardano-based NFTs, and other tokens. Aside from sending and receiving Cardano-based assets, users can also stake their ADA tokens using Lace, thus contributing to the network’s security.

Using the “bundle transaction feature,” users can send multiple assets to different addresses in one transaction. The feature helps users to save costs, as they will only be required to pay a meager fee for each bundle transaction.

At the moment, Lace is only available as a browser extension. The team is currently making plans to develop a desktop app for the wallet. The team is yet to disclose plans to launch on mobile.

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.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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