Zerion prepares to take on MetaMask with in-browser wallet

Quick Take

  • Crypto wallet Zerion has launched an in-browser extension — currently in beta — as it hopes to compete with MetaMask.
  • The wallet lets users see all of their tokens across multiple blockchains in one place.

Crypto wallet Zerion is gearing up to launch an in-browser web extension as it prepares to take on industry leader MetaMask. The web extension is now in a closed beta and is expected to go live by the end of November.

The web extension supports multiple seed phrases and has gone through audits with three security companies, according to an announcement at Breakpoint in Lisbon, Portugal.

Zerion takes a fundamentally different approach to its wallet user experience. It lets users see their token balances across multiple blockchains in one place. This is different from MetaMask, which shows token balances on each blockchain at a time, which means users have to switch between networks to see all their tokens.

The wallet also shows NFTs within the extension, similar to the Phantom wallet on the Solana blockchain. It takes NFTs on multiple blockchains and presents them in one place, in the same way as normal tokens.

When it comes to making transactions on different blockchains, the wallet automatically switches networks on behalf of the user. For security reasons, it lets users know what networks they are using. This is intended to make using cross-chain applications much easier.

“Transactions are essential web3 actions that every user makes but current wallets make the signing process slow, unclear and create anxiety," Zerion Chief Operating Officer Vadim Koleoshkin said. "Our extension targets this moment specifically to make transactions smoother, secure and more transparent."

The crypto industry has grown across more blockchains over the last few years. Many blockchains now have their own set of applications and scaling layers. With this, users are holding their tokens in different applications on different layers on different blockchains, making it tricky to keep track of all their funds. That's the problem Zerion — and rivals like Zapper and DeBank — are trying to solve.

Boosting the mobile app

Zerion started as a portfolio tracker before launching a non-custodial wallet app on mobile devices. The extension will look like the mobile app and function in the same way.

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