MetaMask Launches Snaps Cross-Chain Project in Open Beta
Date: 2023-09-12 Author: Dima Zakharov Categories: CRYPTO PAYMENTS, IN WORLD
Expanding Horizons with Snaps
Snaps are software modules that can be seamlessly integrated into a wallet to enhance its functionality. With this latest update, MetaMask introduces the capability to configure cross-chain bridges between various blockchains, including Bitcoin, Solana, Avalanche, and StarkNet.
A Plethora of Snaps Applications
During the initial testing phase, MetaMask has launched 34 Snaps applications, ranging from cross-network protocols to smaller-scale extensions like in-app chat and added security layers. All of these Snaps have been created by third-party teams. The central idea behind this initiative is to empower developers to upload their utilities to MetaMask without any hindrance.
A Platform for Innovation
MetaMask's Product Lead, Christian Montoya, emphasized their commitment to providing an open platform for innovation without charging fees for publishing Snaps. They firmly believe that unrestricted innovation is the cornerstone of a decentralized system, eliminating the need for intermediaries.
A Thriving Ecosystem
MetaMask has reported the active participation of over 150 projects in developing various Snaps extensions, highlighting the vibrant and collaborative ecosystem surrounding this initiative.
A History of Innovation
Previously, the crypto wallet team integrated the ability to 'cash out' digital assets with options for withdrawal to a bank card or PayPal account.
MetaMask's Soaring Popularity
According to CoinGecko's report, in 2023, MetaMask has surged in popularity to become the most widely used non-custodial wallet, boasting over 22.66 million installations.
