![]() Zerion’s lead investor Wintermute made headlines last month for falling victim to a $160 million hack with over outstanding DeFi debt to several parties, according to a Coindesk report. “With a holistic experience in mind, Zerion is embarking on an ambitious plan to cover the entire user journey by providing untapped alpha opportunities while ensuring transaction security through dapp connectivity and safety checks before signatures,” said Zerion’s Head of Product Andrey Balyasnikov said in a press release.īalyasnikov did not elaborate on the kind of dApp connectivity and safety checks that would ensure transaction security on Zerion. It also claims that over 60,00 Zerion wallets holding more than $100 million have been created in less than six months since the launch of the wallet. Zerion claims that it has grown from $47 million in 2019 to more than $1.5 billion today since adding swaps to its web and mobile apps. The launched its wallet last May accompanied by a generative NFT that evolves as users make transactions in their wallets and raised $8.3 million last July. Zerion is non-custodial, giving users full control of their digital assets. Since its founding in 2019, Zerion has enabled DeFi investors, NFT collectors and Web3 builders to track their portfolios and trade hundreds of assets on the platform by connecting as many crypto wallets as they want. We believe that in an increasingly disparate Web3 space, wallets will become a dynamic place to track and manage it all, and Zerion’s industry-leading wallet will set the standard.” As the number of decentralized applications increases, it becomes more difficult for users to follow their footprint across chains, NFT collections, and DeFi protocols. Zerion told The Block that the new funding will provide a runway for about two years.Ĭommenting on the latest fundraise, CEO and co-founder of Zerion, Evgeny Yurtaev said: “Wallets are a core part of the Web3 experience, but the tools have not evolved for the challenges and complexity of the space and modern use cases. The company plans to use the funds to continue developing the wallet by leveraging advanced data and an intuitive design. ![]() ![]() ![]() Angel investors included 1inch Network’s Sergej Kunz, Anton Bukov, Orest Gavryliak and Grégoire Le Jeune, while web3 Studios served as financial advisor. The round saw additional participation from Placeholder, Mosaic, Yunt Capital, Polymorphic Capital, Coinbase Ventures and Alchemy Ventures. Mobile-first Web3 wallet Zerion today announced the closing of a $12.3M Series B funding round led by Wintermute Ventures, the investment arm of an algorithmic liquidity provider for digital assets, Wintermute. DeFi investors, NFT collectors and Web3 builders can track their portfolios and trade hundreds of assets with the wallet.Zerion launched last May accompanied by a generative NFT that evolves as users make transactions in their wallets.Polymorphic Capital, Coinbase Ventures and Alchemy Ventures participated in the round. ![]()
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