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

Input Output (IO), the infrastructure and web3 research platform founded in 2015 by Charles Hoskinson and Jeremy Wood, announced that its non-custodial wallet, Lace, has become multichain, with initial support for Bitcoin (BTC).

The development was announced via a press release on Monday.

What Happened: Hoskinson is the founder of Cardano (CRYPTO: ADA), one of the top cryptocurrency and blockchain projects.

Announced in March 2023, the Lace wallet's non-custodial solution is now officially multi-chain, expanding on the initial support for Cardano to also include Bitcoin, the release shows.

"The future of blockchain is multi-chain, 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," said Brandon Wolf, general manager at Lace.

With the integration of BTC, users of the Lace wallet can now store, manage, and transfer the world's flagship cryptocurrency.

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, but 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," said Hoskinson.

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 announced via X, formerly Twitter. BitcoinOS' code allows anyone to verify ZK proofs on Bitcoin.