Bloom Labs Revolutionizes Web3 with Comprehensive Wallet Hub

Bloom Labs introduces Bloom, a next-generation Web3 wallet designed to simplify and enhance the user experience for crypto enthusiasts and newcomers alike. With a focus on security, usability, and versatility, Bloom combines a secure wallet hub with seamless onboarding, cross-chain functionality, and a collaboration for EU-compliant KYC.

Bloom Labs Launches Comprehensive Web3 Wallet for Seamless Crypto Transactions and Ecosystem Integration

London, April 3, 2023 - Bloom Labs, a pioneer in Web3 wallet technology, today introduces Bloom, an innovative wallet hub designed to enhance the user experience for crypto enthusiasts and Web3 explorers. Bloom provides a secure platform for trading tokens and non-fungible tokens (NFTs), onboarding new decentralized applications (dApps), and optimizing DeFi investments.

Redefining the Web3 Experience

Designed with the next generation of crypto users in mind, Bloom replaces the complexities of browser extensions with a meticulously crafted, web-based, and native wallet architecture. This innovative approach elevates usability and bolsters security, enabling users to seamlessly interact with the Web3 ecosystem.

"Bloom represents the culmination of our efforts to revolutionize the core Web3 experience," said Charlie Varley, co-founder and CEO of Bloom. "Wallets have evolved beyond mere transaction signing tools to become comprehensive ecosystems in their own right."

Security and Accessibility

Prior to its official launch, Bloom underwent a rigorous security audit conducted by Auditone, ensuring the highest levels of protection for users' digital assets. Bloom's partnership with Transak further expands its reach, allowing users in 170 countries to purchase cryptocurrency with ease.

Cross-Chain Functionality

Developed by former IOTA Foundation alumni, Bloom comes pre-integrated with support for IOTA, EVM, and Shimmer networks. Its compatibility with Ledger Nano hardware wallets adds an additional layer of security for crypto assets. Bloom's unique architecture enables seamless token, NFT, and data transfers between Layer 2 chains without the need for bridges, showcasing the capabilities of IOTA EVM's cross-chain capabilities.

Strategic Partnerships and Collaborations

Supported by investments from industry leaders Outlier Ventures, Plassa Capital, CoinTelegraph, and Heartfelt Capital, Bloom has already garnered a loyal user base of over 5,000 individuals since its Early Access release in November 2023. Positive feedback from the community has further fueled Bloom's development efforts.

Bloom actively collaborates with IOTA Foundation, IDNow, walt.id, and Spyce5 on a joint mission to establish EU-compliant reusable KYC (Know Your Customer) solutions. This consortium aims to alleviate the complexities associated with the upcoming EU MiCA regulation. Bloom's approach enables a single KYC verification process, streamlining identity authentication across multiple Web3 services while preserving user privacy.

Expanding Ecosystem Support

Bloom is set to expand its services to major blockchain networks, including Bitcoin, Ethereum, Polygon, and other prominent EVM L1s and L2s, establishing itself as a versatile wallet for the broader Web3 community. Social login integrations and seamless sign-up options using Web2 OAuth credentials like Gmail or iCloud will further enhance Bloom's accessibility and mainstream appeal.

Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation, expressed his enthusiasm: "Bloom's launch marks a significant milestone for the IOTA and Shimmer ecosystems. It showcases the strength of our architecture and underscores our commitment to open-source collaboration."

Empowering Developers and the Community

Founded in July 2023 and headquartered in London, UK, the Bloom team embraces open development practices and maintains active communication with developers through public channels. The team is dedicated to publishing its source code, fostering transparency and encouraging community involvement.

For further information, please visit the Bloom website, follow Bloom on X (formerly Twitter), or engage with the Bloom community on Discord.