Cardano Wallet ‘Lace’ Adds Bitcoin Support for Multichain Web3 Access

In a significant step forward, Lace, a non-custodial Web3 wallet developed by Input Output, has officially broadened its horizons by adding Bitcoin support. Announced on March 20, 2025, this development transforms Lace into a multichain platform, extending its capabilities beyond its Cardano roots.

Input Output, a research-driven infrastructure and Web3 platform co-founded in 2015 by Charles Hoskinson and Jeremy Wood, continues to push the boundaries of blockchain tech. Hoskinson, widely recognized as the visionary behind Cardano, one of the leading blockchain ecosystems, emphasized the importance of this update in bringing Web3 closer to mainstream adoption.

The integration of Bitcoin into Lace represents more than just a technical upgrade. It positions the wallet as a versatile tool for users looking to store, manage, and transfer BTC alongside their Cardano assets. Brandon Wolf, general manager at Lace, highlighted the strategic thinking behind this move. He noted that the future of blockchain lies in multichain functionality, and Lace is designed to meet that demand by offering a seamless and powerful user experience. Wolf also hinted at further expansions on the horizon, suggesting that Bitcoin is only the beginning of Lace’s multichain journey.

A Milestone for Bitcoin and Web3 Growth

This update arrives at a pivotal moment for Bitcoin, which remains the most prominent blockchain network and a cornerstone of the cryptocurrency world. As decentralized finance (DeFi) and smart contract applications gain traction, Bitcoin’s ecosystem is evolving rapidly, with layer-2 solutions driving increased adoption.

Lace’s decision to incorporate BTC support taps into this momentum, creating opportunities for users to engage with Bitcoin’s growing Web3 presence. Charles Hoskinson underscored the significance of this shift, pointing out that Bitcoin served as the entry point to Web3 for many individuals. He views this integration as a natural evolution, particularly as Bitcoin DeFi emerges as a powerful force in the industry.

By offering an intuitive gateway to these innovations, Lace aims to simplify the complexities of blockchain for its users. The wallet’s expanded functionality not only enhances Bitcoin’s accessibility but also strengthens the broader Web3 ecosystem. Beyond DeFi, Lace is poised to support additional features such as non-fungible tokens (NFTs) and multichain asset management, further solidifying its role as a comprehensive platform. This aligns with Input Output’s mission to accelerate the adoption of decentralized technologies and make them more practical for everyday use.