{"id":21983,"date":"2023-09-06T06:58:49","date_gmt":"2023-09-06T06:58:49","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/dapp-store-for-your-wallet-consensys-readying-cross-chain-metamask-snaps\/"},"modified":"2023-09-06T06:58:52","modified_gmt":"2023-09-06T06:58:52","slug":"dapp-store-for-your-wallet-consensys-readying-cross-chain-metamask-snaps","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/dapp-store-for-your-wallet-consensys-readying-cross-chain-metamask-snaps\/","title":{"rendered":"DApp store for your wallet: Consensys readying cross-chain Metamask Snaps"},"content":{"rendered":"

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MetaMask\u2019s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what\u2019s happening in complex transactions, says Consensys head of strategy Simon Morris.<\/p>\n

Speaking to Cointelegraph on Sept. 6 at Korea Blockchain Week, Morris shared that MetaMask Snaps will function a lot like an Apple App Store for the crypto wallet, allowing third-party developers to launch new decentralized applications (DApps) \u2014 dubbed Snaps \u2014 that expand MetaMask\u2019s functionality. <\/p>\n

Morris explained the first round of released Snaps will undergo security checks and be whitelisted by developers at Consensys. In the future, the goal is to make the process as permissionless as releasing apps on the web.<\/p>\n

The upgrade \u2014 which Morris said is coming sometime later this year \u2014 will see users download third-party extensions to their MetaMask wallet.<\/p>\n

These will allow them to use their MetaMask wallet with non-EVM chains including Bitcoin, Solana, Avalanche and Starknet. <\/p>\n

\u201cMetaMask starts with a massive assumption there’s going to be an EVM or something very like Ethereum, so what we\u2019re targeting for the first release is making MetaMask interoperable with other non-EVM chains.\u201d<\/p><\/blockquote>\n

Snaps will also help to reduce the obscurity around signing transactions. Morris admitted at present, users are oftentimes left feeling confused or intimidated when confirming transactions and hinted that some of the soon-to-be-released Snaps will help make the process of signing transactions and assessing smart contracts less opaque at first glance. <\/p>\n

Another feature set to be enabled by Snaps will allow developers to send messages to users internally on MetaMask.<\/p>\n

Related: <\/em><\/strong>\u2018Multichain future is very clear\u2019 \u2014 MetaMask to support all tokens via Snaps<\/em><\/strong><\/p>\n

Instead of users having to navigate to the website or social media account of a project for updates \u2014 the upgrades will enable a \u201ccommunication layer between DApp developers and their users.\u201d<\/p>\n

For those wanting a taste of Snaps, Morris said users can download an application called MetaMask Flask but warned that it\u2019s very much a tool for developers. <\/p>\n

On Sept. 5 MetaMask introduced its newest \u201csell\u201d feature, allowing users in the United States, United Kingdom and parts of Europe to exchange Ether (ETH) for fiat currency that can be sent directly to a bank account.<\/p>\n

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We are beyond thrilled to announce our latest feature: Sell. <\/p>\n

Yes, you read that right. Available on MetaMask Portfolio, \u2018Sell\u2019 allows you to cash out your crypto for fiat currency easily.<\/p>\n

Discover more at https:\/\/t.co\/aaSgTswEMo pic.twitter.com\/pJa1ZndLQA<\/a><\/p>\n

\u2014 MetaMask (@MetaMask) September 5, 2023<\/a><\/p><\/blockquote>\n

Magazine: <\/em><\/strong>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/p>\n<\/div>\n