XDEFI CEO wants to disrupt MetaMask’s domination of browser wallets


Due to the enormous growth of DeFi and a lack of direct competitors, Ethereum wallet and browser extension MetaMask recently surpassed 10 million active users , a major milestone for the ConsenSys-led protocol. Now, a new browser wallet is looking to provide an alternative to MetaMask by doing something that most developers are shying away from — creating a web-based experience as opposed to a mobile client. Emile Dubié, the CEO of XDEFI Wallet, explained to Cointelegraph why MetaMask’s growth has previously gone unperturbed by competitors:This flexibility, Dubié said, eliminates the need for native integrations with specific protocols within the mobile wallet, making any decentralized application accessible with an extension. So, whereas most developers are placing the future of DeFi growth in the mobile experience, Dubié said web-based extensions currently offer more usability. XDEFI Wallet, which operates a browser wallet that seeks to integrate with Web 3 technologies, recently concluded a $6 million funding round backed by some of the biggest venture funds in crypto . The investment round was led by Mechanism Capital, with participation from DeFiance Capital, Alameda Research, Sino Global Capital, Animoca Brands, Morningstar Ventures and CoinGecko. Dubié explained to Cointelegraph how XDEFI plans to fully utilize the Web 3 experience:Related: OP Crypto Capital founder cites gaming, Web 3 as drivers of crypto economyXDEFI currently integrates with nine blockchains: Ethereum, Polygon, Terra, THORChain, Bitcoin, Binance chain, Binance Smart Chain, Bitcoin Cash and Litecoin. Support for Arbitrum, Solana and Avalanche are coming next, the CEO said.

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