Breaking: Cardano Foundation Launches New Mobile Wallet

Cardano Foundation has introduced a new W3C-compatible Identity Wallet that facilitates seamless interaction with Cardano’s Decentralized Applications (DApps) and provides support to diverse identity and credential standards.

Cardano’s New Wallet Comes With Unique Features

Apart from enabling seamless interactions with Cardano’s DApps, the newly launched Identity Wallet also promotes self-sovereign identities on Cardano as well as various blockchain networks. It offers users a friendly interface where they are guaranteed safety concerning the management of their digital assets. The interface also lowers the barrier of entry for new users.

The design adopted by Cardano for the W3C-compatible mobile wallet makes it convenient for it to reach different ecosystems, underscoring the developmental team’s interest and focus on interoperability. 

🎊 New Product Launch 🚀

Introducing the Identity Wallet developed by the Cardano Foundation –  a W3C-compatible mobile wallet that manages self-sovereign identities across Cardano and other blockchain networks

Key benefits: 
🔹 Supports multiple identity and credential… pic.twitter.com/npF85QEuY8

— Cardano Foundation (@Cardano_CF) December 11, 2023

Another feature of the Identity Wallet is the addition of the Key Event Receipt Infrastructure (KERI), a solution that also scales interoperability. KERI carries out its function by making sure that the management of identities is secure and efficient. This is after it must have streamlined user experience.

The launch of this new mobile wallet is a massive pivot for the digital asset and blockchain technology landscape. Ultimately, the Identity Wallet provides a structure that makes it very easy for users to navigate the ever-evolving ecosystem with utmost care and confidence, and in the process, establish core connections.

This is the second wallet Cardano is launching this year with Light Wallet Lace being the first.

Cardano Bags More Wins

Markedly, the wallet is only one of the many milestones that Cardano is currently celebrating. Cardano (ADA) entered into the top 10 Total Value Locked (TVL) list, replacing Cronos after a staggering $337 million rise hit the protocol, according to data from DefiLlama. 

Similarly, the price of the crypto has been exhibiting positive signals and it went up last weekend by almost 50%, reaching a new high of $0.633 since June 2022. At the time of this writing, ADA is trading at $0.5324, up 2% after some fluctuations. Overall, Cardano is seeing interesting levels of crowd support and adoption.

Though there is a significant amount of FOMO reported amongst Cardano investors, still, the network is still trying to offer its investors the best and at the same time, gain momentum to make up for lost time.