MetaMask, the popular cryptocurrency wallet, is set to release a new feature called Snaps that will enhance its functionality and make it easier for users to engage with different blockchain networks. Consensys head of strategy Simon Morris explained that Snaps will function like an Apple App Store for MetaMask, allowing third-party developers to launch new decentralized applications (DApps) that expand its capabilities.
Currently, the first round of released Snaps will undergo security checks and be whitelisted by developers at Consensys. However, the long-term goal is to make the process more open and allow developers to release apps on the web without needing permission. This upgrade is expected to be released later this year.
When the Snaps feature is implemented, users will be able to download third-party extensions to their MetaMask wallet. These extensions will enable the use of MetaMask with non-EVM chains, including popular cryptocurrencies like Bitcoin, Solana, Avalanche, and Starknet. This move is designed to enhance interoperability and expand the reach of MetaMask beyond just the Ethereum ecosystem.
In addition to enabling compatibility with different blockchains, Snaps will also simplify the process of signing transactions and assessing smart contracts. Currently, many users find these actions confusing or intimidating. The upcoming Snaps feature will include tools and functionalities that help demystify these processes, making them more accessible and transparent.
One of the notable features of Snaps is its internal messaging system. With this functionality, DApp developers will be able to send messages directly to their users on MetaMask, eliminating the need for users to navigate to external websites or social media accounts for updates. This communication layer will enhance the user experience and make it easier for developers to engage with their community.
To provide users with a preview of what to expect from Snaps, MetaMask has released an application called MetaMask Flask. However, Morris cautioned that the application is mainly intended for developers and not for regular users.
The announcement of the Snaps feature comes on the heels of MetaMask’s introduction of a new “sell” feature, which allows users in select regions, including the United States and Europe, to exchange Ether (ETH) for fiat currency directly into their bank accounts. This move further enhances the usability of MetaMask and aims to simplify the process of converting cryptocurrency holdings into traditional fiat currencies.
Overall, MetaMask’s Snaps feature is set to revolutionize the cryptocurrency wallet industry by providing users with a more comprehensive and user-friendly experience. The ability to interact with different blockchain networks, receive updates from projects, and simplify complex transactions will undoubtedly attract more users to MetaMask and enhance its position as a leading cryptocurrency wallet.
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