Decentralized financial platform Zerion has just completed a $22.5 million financing round, dedicated to disrupting the crypto wallet landscape. This round of financing was led by Wintermute Ventures, and other investors include Mosaic, Coinbase Ventures, Alchemy and Placeholder.
Founded in 2019, the Zerion platform enables users to access and manage assets across decentralized financial protocols. Users can connect any number of crypto wallets to the platform, and its non-custodial design means that users can manage their own funds.
Zerion launched its Ethereum Layer 2 network ZERO Network, allowing Zerion Wallet users to waive gas fees when trading, minting, exchanging and cross-chain.
ZERO Network is built on ZKsync technology and is part of the Elastic Chain ecosystem. It uses a dynamic scoring system "Onchain DNA" to evaluate whether an address qualifies for gas-free transactions.
Zerion also announced that it had raised an undisclosed amount of funding from angel investors, including Cooper Turley, Spencer Noon, Yearn lead developer Banteg, Alex Gluchowski, Patricio Worthalter, and NBA player Duncan Robinson. Angel investors from Lido, Daylight, Celestia, ETHGlobal, OpenSea, and others also participated, according to the project.