London (April 3, 2023) – Bloom Labs, a Web3 wallet startup, today launched Bloom: a secure wallet hub for trading tokens and NFTs, discovering new dApps, and optimising defi investments. Now available for download on Mac, Windows, and Linux from Bloom’s website.
Designed for the next wave of crypto users, Bloom replaces cumbersome browser extensions with a beautifully designed, web and native wallet architecture, enhancing usability and safety in Web3 interactions. Bloom completed a security audit with Auditone ahead of today’s launch.
With renewed public interest in cryptocurrency following Bitcoin’s ETF listing, there is a growing need for seamless Web3 onboarding flows. Bloom has partnered with Transak to allow users to purchase cryptocurrency in 170 countries.
Developed by IOTA Foundation alumni, Bloom launches with support for IOTA, EVM, and Shimmer, and is compatible with Ledger Nano hardware wallets. Bloom enables token, NFT, and data transfers between Layer 2 chains without bridges, showcasing IOTA EVM’s powerful cross-chain architecture.
Backed with investment from Outlier Ventures, Plassa Capital, CoinTelegraph, Heartfelt Capital (formerly APX), and a suite of business angels, Bloom has already welcomed over 5,000 users since releasing Early Access in late November and has received resoundingly positive feedback.
Bloom is collaborating with IOTA Foundation, IDNow, walt.id, and Spyce5 in a consortium to build EU-compliant reusable KYC and ease the friction from the forthcoming EU MiCA regulation. This approach allows for a single KYC event within Bloom, streamlining identity verification across multiple Web3 services without compromising personal information.
Bloom will extend its services to Bitcoin, Ethereum, Polygon, and other major EVM L1s and L2s, cementing its position as a versatile wallet for the wider Web3 community. By introducing social login and allowing simple sign-up with Web2 OAuth credentials like Gmail or iCloud, Bloom will further broaden its mainstream appeal.
Charlie Varley, co-founder and CEO of Bloom, stated:
"Bloom represents the culmination of years of innovation and user feedback. We’re redefining what the core Web3 experience looks like. Wallets are no longer just tools for signing transactions, but their own comprehensive ecosystems.”
Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation, adds:
“Bloom's launch is a community milestone, showcasing the strength of IOTA and Shimmer’s architecture and our commitment to open-source collaboration.”
Founded in July 2023 and based in London, UK, the Bloom team, known for developing key IOTA ecosystem projects like Firefly and Trinity, commits to open development practices, maintaining public communication channels with developers, and publishing their source code.
For more information on Bloom, please visit their official website, follow Bloom on X (formerly Twitter), or join their Discord community.