cryptocurrency

MetaMask Spreads Wings To Other Blockchain Networks, Launches Snaps



© Reuters. MetaMask Spreads Wings To Other Blockchain Networks, Launches Snaps

Benzinga – Widely used Web3 wallet MetaMask introduced a new software mechanism called Snaps for expanding usage on other blockchain networks that were originally incompatible with the Ethereum Virtual Machine (EVM).

Snaps will enable MetaMask’s use on non-EVM blockchains such as Cosmos, Solana and Starknet, among others.

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Until now, MetaMask was operational on Ethereum (CRYPTO: ETH) and Ethereum-compatible blockchains such as BNB Chain, Polygon, Arbitrum and Optimism.

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What is Snap? Snap was developed by Consensys and is a software module that can be blended into the MetaMask wallet for different add-on features; one of them being adaptability with multiple blockchain ecosystems with a specialized code.

MetaMask plans the launch of 34 Snaps with different characteristics that are audited and selected by the team. The wallet company has tied up with more than 150 developers to accelerate the Snaps development work.

The team, as reported by The Block, stated that third-party developers will be allowed to independently ship and maintain Snaps.

MINA Protocol Integration: MINA Protocol will be the first integration into MetaMask Snaps. Mina Foundation, a public benefit corporation serving the Mina Protocol and developer partner SotaTek, disclosed the same. It will be one of the first non-EVM chains through which MetaMask users will be able to manage their MINA assets efficiently.

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“By incorporating Mina Protocol, a leading ZK blockchain, as one of the initial non-EVM chains within the MetaMask platform, we mark the beginning of our journey toward fostering interoperability,” said Christian Montoya, senior product manager at MetaMask Snaps, according to Yahoo! Finance.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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