Victoria, Seychelles, Jan. 26, 2023 (GLOBE NEWSWIRE) — Life DeFi Wallet, the world’s first non-custodial multi-blockchain digital wallet service that allows users to transact directly through usernames, has integrated the Polygon blockchain to bring digital asset utilization to the popular layer 2 scaling solution’s increased speed, lower fees and strong security, as well as the expansive suite of dApps built on the Polygon blockchain and to Life DeFi Wallet’s rapidly growing platform. The development was overseen by GDA International, which provides digital asset companies with access to growth capital and financial advisory services that help stakeholders navigate the digital asset landscape.
As the first layer two solution for Ethereum, which emerged to provide faster transactions and lower costs for users, Polygon acts as a fast sidechain that runs alongside the Ethereum blockchain. Polygon uses the same proof of stake algorithm of the Ethereum blockchain, as well as the same Ethereum Virtual Machine (EVM), allowing developers to quickly and easily migrate applications and digital assets between both protocols, but with fees that are a fraction of the cost of Ethereum and transactions processed at near-instant speed.
Polygon has over 135 million unique addresses, over 34 thousand decentralized applications built on the protocol, has completed over 1.8 billion transactions and has a range of solutions that provide custom scaling and privacy functionality with modular development frameworks available. The applications built on Polygon include everything from decentralized exchanges, bridges and lending and borrowing protocols, to metaverses, games to earn games, NFT platforms and more. Integration of the Polygon blockchain represents a major step forward in making all digital assets and DeFi functionality available to the Life ecosystem.
Life DeFi Wallet has streamlined digital asset transfers, enabling users to send and receive such assets using simple @usernames instead of complicated public keys. This will help integrate new users into the blockchain and Web3 spaces and significantly reduce the adoption barriers currently facing users in the digital asset space. As part of this initiative, the Life DeFi Wallet team will reserve the @polygon username in the Life ecosystem for the Polygon Foundation.
In accordance Life DeFi Wallet Founder Patrick Andras: “The Polygon blockchain is one of the most widely used protocols and powers many of the most widely used dApps in the world. Integrating Polygon will allow thousands of new dApps to become accessible from Life’s upcoming dApp browser, and millions of users of digital assets on their protocol will now have access to an easy-to-use and highly secure non-custodial wallet, they can send all tokens issued on Polygon to others using a @username.”
Michael Gord, CEO of the GDA Group of Companiesso: “The goal of the Life DeFi Wallet is to make the use of digital assets easy and accessible to everyone. Integrating Polygon is a big step forward towards being able to have the users of Life benefit from all the decentralized applications built on the Polygon blockchain and to be able to store and send all digital assets issued on Polygon.
Life DeFi Wallet’s integration with Polygon comes just days after the application was publicly released on the Android Play Store. GDA Group, Life DeFi Wallet and Polygon are setting the stage to deliver meaningful advances for users in the areas of convenience, value creation and outreach across a wide range of industry verticals. To learn more about Life DeFi Wallet’s suite of services, how to get your personal @username, or for the Life DeFi Wallet project roadmap, please visit or download Life DeFi Wallet on the Play Store.
About Life DeFi Wallet
Life DeFi Wallet is a highly secure and multi-chain, non-custodial wallet that allows users to trade digital assets via username. Users can exchange Life’s native token for hundreds of different digital assets, on/off ramp fiat, and buy and sell usernames and NFTs through a native marketplace. Life DeFi Wallet is on its way to being the most used app for all individuals engaged in crypto. Learn more at .
About GDA International
GDA International provides digital asset companies with access to growth capital, as well as capital markets advisory services that help stakeholders navigate the digital asset landscape. GDA International’s leadership team has experience spanning the entire blockchain industry, including venture capital, private equity, trading, token economy, token development, and multinational enterprises to digital asset partnerships.
Media contact:
Robert Pennington
