“Not your keys, not your crypto,” is one of the defining catchphrases of crypto—and it’s only become more prominent over the past year, as the risks of keeping crypto on centralized exchanges were thrown into sharp relief by the collapse of FTX.
As user deposits on the doomed exchange vanished, Google searches for “self-custody” reached their highest-ever levels.
With self-custody, says Akash Gupta, Director of Product Management at Ava Labs, “You own and manage all of your assets and you’re not dependent on anyone else.”
But although self-custody offers a level of control over your own assets that centralized exchange providers may never be able to provide, it often brings with it a level of complexity that can be intimidating.
Ava Labs is looking to change this with Core wallet, a cross-platform crypto wallet that aims to make fully-functional self-custody as simple as keeping crypto on an exchange.
Core is a free, non-custodial wallet that also acts as an all-in-one Web3 command center, supporting Ava Labs’ own Avalanche blockchain alongside
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Author: Will McCurdy
Tip BTC Newswire with Cryptocurrency