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September 30, 2021

XDEFI Secures $6 Million Investment

The Big Picture

Ethereum has a large chunk of activity and liquidity in the crypto ecosystem especially when it comes to DeFi and NFTs.

Metamask, a single chain wallet has been the dominant gateway to this action so far.

Many believe that the future is multichain and so does the team at XDEFI.

To quote the XDEFI team: "XDEFI does not believe that the entire crypto ecosystem will exist on one network to rule them all."

XDEFI is a chain agnostic wallet that can be used to store, receive and send all your digital assets irrespective of their native chain.

The Good News

XDEFI recently announced a recent investment round totaling $6 million with participation from heavy backers including the likes of Alameda Research, Animoca Brands, Coingecko, and many more.

Going Forward

XDEFI currently is a web wallet extension and plans to extend to mobile with the main goals in mind:

  • Focusing on user experience
  • Delivering empowerment
  • Swap seamlessly between protocols
  • Access native DeFi features

We can only dream of what features will be unleashed, especially with the additional resources that this investment round will allow for.

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