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.
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.