Instadapp has announced a new offering from their product lineup, Avocado Multisig, a multi-chain multisig wallet. The wallet aims to serve a variety of users—from individual crypto enthusiasts to large financial institutions.

One of the distinct features of this wallet is its capability to use a single address on more than ten different blockchain networks.

“Consolidating treasuries onto a single address across networks,” is one of the chief functions of the new Avocado Multisig, according to Instadapp.

Jeremy Allaire, CEO of Circle, highlighted the wallet’s unified USDC gas tank feature, stating it’s a “great example of a multi-sig direct custody wallet with a unified USDC gas tank for all chain fees.”

This stands in contrast to traditional multisig wallets, which require a separate address for each chain. Also noteworthy is the wallet’s Account Abstraction functionality, which incorporates Ethereum smart contract features into the user interface.

Another innovation in Avocado is its “gas tank,” which allows all key holders to share a common pool of USDC to cover gas costs across all supported chains. This feature represents a notable advancement over the typical multisig setups.

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Author: Vince Dioquino

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