General

# Browser-based DeFi wallet XDEFI launches public version

# Browser-based DeFi wallet XDEFI launches public version

XDEFI Wallet, a browser-based wallet service for decentralized finance (DeFi) and nonfungible token (NFT) users, launched its public version on the Chrome Store.

Similar to the widely-used browser extension wallet MetaMask, the XDEFI Wallet supports DeFi applications across multiple blockchains. According to the announcement, the browser wallet works with the Ethereum (ETH) network and other Ethereum Virtual Machine-compatible chains.

Supporting THORchain and Terra, XDEFI Wallet has plans to include Avalanche, Solana and Arbitrum into the mix.

In a previous conversation with Cointelegraph, Émile Dubié, co-founder and CEO of XDEFI Wallet, argued that cross-chain compatibility was necessary to ensure better utilization of Web 3.0.

“No need to switch from a wallet to another, no need to deal with several seed phrases — just use the same vehicle to access different destinations,” Dubié told Cointelegraph at the time.

XDEFI Wallet features an “Ape Mode” that reportedly utilizes a proprietary gas algorithm to offer faster transaction throughput for users. According to Dubié, Ape Mode will be an “indispensable edge” for DeFi and NFT users.

Related: OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economy

Given the focus on DeFi and NFTs as part of the strategy to challenge MetaMask, XDEFI Wallet also features some “built for NFT” features.

According to the announcement, XDEFI offers automatic in-wallet NFT detection capabilities as well as a grid display for collectibles.

As a wallet platform, XDEFI will also enable crypto trading with users able to make fiat purchases for cryptocurrencies via payment gateway service Ramp.

XDEFI Wallet previously received backing from investors like Mechanism Capital, Sino Global Capital, Alameda Research, and CoinGecko among others to the tune of $6 million.

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our General category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!