MetaMask Launches Snaps: Enhancing Blockchain Interactions and Simplifying Transactions
Summary:
MetaMask is introducing Snaps, a feature that allows users to interact with various blockchain networks and receive updates from projects. Snaps will enhance MetaMask's functionality by enabling the launch of new decentralized applications by third-party developers. This upgrade aims to simplify transaction signing and improve smart contract evaluation. Additionally, Snaps will facilitate internal messaging between DApp developers and users within the MetaMask wallet. Users will be able to use their MetaMask wallet with non-EVM chains like Bitcoin, Solana, Avalanche, and Starknet.
Crypto wallet MetaMask is set to launch its highly anticipated feature called Snaps, which will allow users to engage with various blockchain networks and receive updates from projects. Simon Morris, the head of strategy at Consensys, described Snaps as a crypto wallet equivalent to Apple's App Store, enabling third-party developers to release new decentralized applications (DApps) that enhance MetaMask's functionality. Initially, released Snaps will undergo security checks and be whitelisted by Consensys developers, but the long-term goal is to make the process more permissionless. The upcoming upgrade will require users to download third-party extensions, allowing them to utilize their MetaMask wallet with non-EVM chains like Bitcoin, Solana, Avalanche, and Starknet. Additionally, Snaps will aim to simplify transaction signing and improve smart contract evaluation, reducing confusion and intimidation for users. The feature will also facilitate internal messaging between DApp developers and users within MetaMask, eliminating the need to visit external websites or social media platforms for project updates. Though developers can currently try out Snaps with the MetaMask Flask application, it is primarily designed for developers. In related news, MetaMask recently introduced the "sell" feature, enabling users in specific regions to exchange Ether for fiat currency directly into their bank accounts.
Published At
9/6/2023 6:23:31 AM
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