Ava Labs Introduces a Revolutionary Non-Custodial Wallet for Avalanche
Core will expand the high-powered, streamlined tools built to help users keep pace with the Avalanche public blockchain and the growth of apps on it.
Ava Labs, the blockchain startup responsible for the research and development of smart contracts platform Avalanche will soon begin a two-phased launch of Core, a free, non-custodial wallet engineered specifically for applications on Avalanche, including subnets and the next generation of Web3 projects.
“Core is not just a wallet. It’s a curated, Web3 operating system that combines secure wallet architecture with technology not found in any other wallet. It is the culmination of extensive user and product research to understand how we can facilitate mass-adoption of Web3 systems and applications with a smooth, user-friendly experience that has never been seen before,” said Nick Mussallem, Head of Product at Ava Labs.
With both mobile and browser extension applications, Core will expand the high-powered, streamlined tools built to help users keep pace with the Avalanche public blockchain and the growth of apps on it.
Developed by Ava Labs, Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. It is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.
To-date, users across the Avalanche ecosystem have accessed Web3 applications using agnostic, Ethereum-compatible Wallets like MetaMask. This was sufficient in the early days of Avalanche, as users primarily joined the community and frequently moved between complementary networks. Today, however, Avalanche has a significant number of “power users” who want a Wallet experience that is optimized to harness the speed of Avalanche, and extended functionality that is coming with the dawn of application-specific chains empowered by Subnet technology.
Headlining the innovations built into Core is native bridging functionality, which enables users to directly access the Avalanche Bridge. This is a first-of-its-kind feature for a browser extension wallet. The Avalanche Bridge is the most popular Ethereum-connected bridge by Total Value Locked (“TVL”), exceeding $6B as of March 22. Since launch in July 2021, it has facilitated the usage of more than $43B in assets between Avalanche and Ethereum.
The Core browser extension should be available by the end of this month, and the Core mobile app is expected to launch in early Q2 2022.