MetaMask Snaps: The Latest Upgrade to the Popular Ethereum Crypto Wallet
Popular Ethereum crypto wallet MetaMask continues to roll out new functionality, and its latest upgrade could be one of the most significant yet. MetaMask Snaps makes the wallet modular, allowing users to add features and functionality from independent developers.
MetaMask Snaps Open Beta
On September 12, MetaMask lead developer Dan Finlay announced the launch of the first version of MetaMask Snaps. MetaMask Snaps Open Beta is “the first step towards our journey to create a fully permissionless ecosystem with MetaMask,” according to the announcement.
More Functionality for Users
Moreover, MetaMask Snaps has also been described as plugins that enable more functionality for users, including Bitcoin. THORChain advocate “TCB” tested the system using the ShapeShift multichain Snap. They said, “The wallets are automatically generated from your root key, and it takes less than a minute to install.” Adding on to that, they said, “This makes centralized exchanges obsolete. MetaMask users can execute swaps from Ethereum to Bitcoin at a cheaper rate. I did a test transaction from ETH to BTC, it was the most seamless experience I’ve had in DeFi, two clicks, and a signature.”
New Features and Partnerships
At the time of writing, the crypto wallet had 34 MetaMask-vetted Snaps available. In addition to ShapeShift, others included Cosmos, Solana Wallet, Starknet, Aptos Wallet, Algorand Wallet, Sui Wallet, and Tezos Wallet.
Earlier this month, MetaMask launched a crypto wallet sell-to-fiat feature. However, it was currently only available in the US, UK, and parts of Europe for USD, GBP, and EUR conversions. Additionally, the crypto wallet rolled out Ethereum purchases via PayPal for its American users in May.
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