{"id":54856,"date":"2023-12-13T17:16:55","date_gmt":"2023-12-13T17:16:55","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/cardano-foundation-launches-identity-wallet-for-seamless-interaction-with-dapps\/"},"modified":"2023-12-13T17:16:57","modified_gmt":"2023-12-13T17:16:57","slug":"cardano-foundation-launches-identity-wallet-for-seamless-interaction-with-dapps","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=54856","title":{"rendered":"Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps"},"content":{"rendered":"<div>\n<figure id=\"attachment_141925\" aria-describedby=\"caption-attachment-141925\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-141925\" class=\"wp-caption-text\">Source: AdobeStock \/ RareStock<\/figcaption><\/figure>\n<p>Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet.<\/p>\n<p>The new product is compatible with the World Wide Web Consortium (W3C), an international standards organization for the World Wide Web, said a Monday announcement.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf8a New Product Launch \ud83d\ude80<\/p>\n<p>Introducing the Identity Wallet developed by the Cardano Foundation \u2013\u00a0 a W3C-compatible mobile wallet that manages self-sovereign identities across Cardano and other blockchain networks<\/p>\n<p>Key benefits:\u00a0<br \/>\ud83d\udd39 Supports multiple identity and credential\u2026 <a rel=\"nofollow\" href=\"https:\/\/t.co\/npF85QEuY8\">pic.twitter.com\/npF85QEuY8<\/a><\/p>\n<p>\u2014 Cardano Foundation (@Cardano_CF) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Cardano_CF\/status\/1734230735412662527?ref_src=twsrc%5Etfw\">December 11, 2023<\/a><\/p>\n<\/blockquote>\n<p>The wallet comes with a slew of benefits and \u201cmanages self-sovereign identities across Cardano and other blockchain networks,\u201d Cardano noted.<\/p>\n<blockquote>\n<p>\u201cA digital identity wallet that prioritizes security, privacy, and interoperability to drive adoption and support existing ecosystems.\u201d<\/p>\n<\/blockquote>\n<p>The Identity Wallet supports multiple identity and credential standards, manages cryptos, and facilitates seamless interaction with Cardano\u2019s Decentralized Applications (DApps).<\/p>\n<p>Besides, it also boasts a user interface that lures new users to the platform. The interface also guarantees safety concerning the management of their digital assets.<\/p>\n<p>The Identity Wallet\u2019s prime aspect is its commitment to interoperability across ecosystems, the Tweet read. The Cardano (ADA) team\u2019s design for this mobile wallet reflects their focus on connecting diverse ecosystems.<\/p>\n<p>Additionally, the wallet also supports the Key Event Receipt Infrastructure (KERI), a protocol for digital identities. KERI works to enhance the security and efficiency of identity management, at the same time streamlining the user experience.<\/p>\n<p>The wallet is currently available on both Android and iOS devices, the firm noted. This is the second such wallet launched by Cardano this year, after the Light Wallet Lace, launched in July.<\/p>\n<p>Lace wallet allows users to trade crypto, view NFTs, stake crypto, and interact with dApps.<\/p>\n<p>Cardano has seen a rising influence in the DeFi sector and the strong market performance of its token, ADA. Thus, the platform has positioned itself as a leading player in the blockchain ecosystem.<\/p>\n<p>The launch of the new Identity Wallet did not have much notable impact on the ADA token price. At press time, Cardano (ADA) is trading at $0.6144. The network surpassed the Bitcoin blockchain in its total value locked (TVL), last month.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em>Enter your email for our Free Daily Newsletter<\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span><\/p>\n<div class=\"recaptcha-text\">\n        This site is protected by reCAPTCHA and the Google<br \/>\n        Privacy Policy and<br \/>\n        Terms of Service apply.\n    <\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/cardano-foundation-launches-identity-wallet-for-seamless-interaction-with-dapps.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ RareStock Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet. The new product is compatible with the World Wide Web Consortium (W3C), an international standards organization for the World Wide Web, said a Monday announcement. \ud83c\udf8a New Product Launch \ud83d\ude80 Introducing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":54857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-54856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ RareStockSwiss-based Cardano Foundation, the non-profit organization created to promote the 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