Stock Groups

Metamask Challenger XDEFI Wallet Secures $6 Million to Scale its Next-Generation DeFi Wallet By DailyCoin

by Mike Robinson

[ad_1]

Metamask Challenger XDEFI Wallet Secures $6 Million to Scale its Next-Generation DeFi Wallet

XDEFI Wallet, a next-gen browser wallet, is proud to announce a $6 million round led by Mechanism Capital with participation from DeFiance Capital, Alameda Research, Sino Global Capital, Animoca Brands, Morningstar Ventures, CoinGecko, and some of the world’s top DeFi users including, Darren Lau (The Daily Ape), Mark Zeller (Aave), Scoopy Trooples and Mariano Conti.

Mechanism Capital General Partner, Andrew Kang commented:

“The crypto landscape has gone through immense change in the last year through the explosion of DeFi, NFTs, and Multichain ecosystems. We’re excited to help the XDEFI Team, who created a wonderful product to allow users to enjoy Web3 at its best.
The browser wallet space has been dominated by MetaMask, which is solely focused on compatible chains and was not built to cater to DeFi users’ needs. Others browser wallets, such as Terra Station and Phantom, were designed to work with a particular Blockchain. DeFi users often download multiple wallets in order to access different blockchains. This can lead to a loss of security and speed.

XDEFI Wallet’s Chrome extension is engineered to deliver the fastest possible experience for DeFi and NFTs. Unlike its competitors, it achieves this through native integrations with nine blockchains, proprietary gas pricing algorithms to ensure users never miss a block, and by automatically adding new token contracts to users’ wallets.

XDEFI Wallet CEO, Emile Dubié states:

“In DeFi and NFTs, speed is alpha. Emile Dubie, CEO of XDEFI Wallet, stated that speed is alpha in DeFi and NFTs. XDEFI Wallet has been built to give DeFi users a speed edge.”
The project recently completed an invite-only Beta with over 20,000 users and will be available for public release in early October here: Chrome link

Since its inception in August 2020, XDEFI Wallet has scaled from a team of 4 to a team of 25 with talents previously at Bloomberg, Consensys, B2C2, and Boston Consulting Group.

XDEFI Wallet intends to make new integrations for Terra and Solana as well as deepen existing ones with THORChain or Ethereum. The team’s vision long-term is to create a suite of products bridging different Blockchain ecosystems together in an effort to improve accessibility to the best DeFi and NFT opportunities.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are created by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]