Ava Labs, the development company behind the Avalanche blockchain, today announced the release of Core Mobile, a mobile version of its flagship non-custodial multichain wallet.
First launching on Android with support for iOS slated for 2023, Core Mobile aims to connect DeFi, NFT, and gaming ecosystems across the Avalanche, Bitcoin, and Ethereum networks, as well as other EVM-compatible blockchains.
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Much of the current NFT market lives on Ethereum and its sidechains and scaling solutions, as well Solana—and that’s true of NFT-powered crypto games, too. But in recent months, we’ve seen more and more developers begin building games on Avalanche. Over the last 30 days, Avalanche play-to-earn game Crabada has overtaken the struggling Ethereum-based Axie Infinity in terms of NFT trading volume, and has racked up over $225 million worth to date—making it the highest-grossing overall NFT project...
This release now gives users three ways to use Core—browser extension, web, and mobile—creating an interconnected Web3 experience, Ava Labs said in a press release shared with Decrypt.
“Core mobile is designed to give people maximum control over their crypto, while ensuring the product is intuitive enough for anyone to use Web3,” Ava Labs Head of Product Nick Mussallem said in a statement. “Mass adoption is coming, and Core will be the gateway for people who want a single platform that can do it all without the hassle of multiple wallets.”
Core Wallet: One platform for users’ assets, apps
Initially released in June this year, the Core wallet incorporated native Avalanche bridging functionality, enabling users to interact directly with decentralized applications (dApps) on the Avalanche blockchain.
Prior to that, users who wanted to move their assets onto the Avalanche network, had to turn to competing products like MetaMask to use an Ethereum-Avalanche bridge.
Other features that set Core wallet apart from the competitors include the ability to easily swap Avalanche, Bitcoin, and Ethereum assets, transfer Bitcoin and Ethereum to participate in Avalanche DeFi dApps and track real-time asset price movements in a unified watchlist,
“This means users can manage all of their major assets and apps in a single platform,” Mussallem told Decrypt.
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The Avalanche Foundation has established a $290 million fund to help developers add to the number of subnets on its blockchain. The Avalanche Multiverse will be an ongoing initiative without a specified end date, with at least six phases to support various projects, the foundation said in a statement. Subnets, also called subnetworks, are validators that allow others to establish their own Layer 1 or Layer 2 blockchains on Avalanche. Because Avalanche is proof-of-stake, projects can become valid...
Core wallet also allows users to join the Avalanche ecosystem fast with preloaded subnets—a set of sovereign networks that allow individual projects to create their own token economics and rules while remaining connected to the Avalanche mainnet via individual chains, without taking up space on the mainnet.
By redistributing traffic in such a way, subnets may allow Avalanche to avoid transaction speed and gas fee issues as the network scales up in size.
Developer future plans include “cross platform sync and many other capabilities to unify experience across browser, web, and mobile,” Mussallem told Decrypt.
