• XDEFI releases cross-chain wallet for DeFi, NFT

  • The XDEFI wallet, which raised $6 million last month to launch a competitor to MetaMask, is built on decentralized finance (DeFi) and non-fungible tokens (NFT) that allow users to interact across multiple blockchains.

    The wallet, available as an extension for the Chrome web browser, will look to challenge MetaMask, an unhosted wallet that said in August it had more than 10 million active users.

    XDEFI provides access to chains such as THORChain and Terra, and aims to allow users to move easily between protocols and add new chains automatically.XDEFI said support for Avalanche, Arbitum and Solana will be added in due course.

    The wallet also offers automatic detection of NFTs and drag-and-drop NFT display grids.

    Features of the wallet include the use of a proprietary gas algorithm that gives users a speed boost when the network is more congested.

    The London-based company’s September funding round was led by Alameda Research, Sino Global and Animoca Brands.

    The launch of the wallet coincides with cryptocurrency exchange Crypto.com announcing a web browser extension that allows users to connect DeFi wallets to decentralized applications. crypto.com currently supports the Ether and Cronos test networks, with the main Cronos network and others to follow soon, according to the announcement.

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