quick take:

• Avalanche has launched Core Mobile, a mobile version of its non-custodial multi-chain wallet.
• The new mobile wallet will be available on Android with an iOS version in 2023.
• Avalanche wants to connect DeFi, NFT, and gaming ecosystems across multiple blockchains.

Avalanche has launched a mobile version of its non-custodial multi-chain wallet. Dubbed Core Mobile, the new wallet will initially be available on Android with an iOS version scheduled for 2023.

Core Mobile is an extension of Avalanche’s already successful Core Wallet that is currently offered via the web and as a browser extension.

Commenting on the launch of Core Mobile, Ava Labs head of product Nick Mussallemat said in a statement: “Core mobile is designed to give people maximum control over their crypto and ensure the product is intuitive enough. so anyone can use Web3. 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.”

Ava Labs launched Core Wallet in June 2022, allowing Avalanche users to interact with blockchain-native decentralized applications. Core Wallet also allows users to trade Avalanche, Bitcoin, and Ethereum assets.

The mobile version is a step forward in Ava Labs’ plans to build an ecosystem that allows users to manage all their assets on one platform, enabling an interconnected web3 experience.

In April 2022, Bloomberg reported that venture firm web3 was raising $350 million at a valuation of around $5 billion. There hasn’t been another update on the fundraising in the middle of the crypto winter.

The multi-chain wallet is part of Ava Labs’ strategy to create a multiverse ecosystem, which has already seen the web3 company launch a $290 million incentive program to drive adoption and growth of a new Internet of subnets.

By the end of 2021, the company raised $230 million from the sale of AVAX tokens. The Tier 1 proof-of-stake blockchain company is backed by some of the top web3 investment firms, including Polychain Capital and Dragonfly.

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