the MultiversX blockchain lands on MetaMask thanks to Snaps
The post the MultiversX blockchain lands on MetaMask thanks to Snaps appeared on BitcoinEthereumNews.com.
MultiversX, blockchain ecosystem of the crypto Elrond, has just announced the launch of the “Snaps” feature that will offer users the possibility to use the MetaMask wallet interface for their on-chain operations. By doing so, Elrond improves interoperability with the external environment of its cryptographic network, while at the same time implementing advanced security features with 2FA. These two innovations could help the infrastructure regain ground in DeFi by increasing its share of TVL, which has remained virtually flat over the past 2 years. Let’s see everything in detail below. MultiversX, the network of the crypto Elrond, introduces Snaps and lands on MetaMask With great astonishment MultiversX, a well-known blockchain of the crypto Elrond, has opened the doors to the web3 infrastructure of MetaMask by implementing the on-chain solution “Snaps”. For those who do not know, Snaps are third-party connections introduced by Consensys in September 2023 that allow you to connect to the MetaMask wallet from non-EVM networks. By leveraging providers like Shapeshift, Cosmos Extension, Solflare, and Zion, it is possible to solve the problem of liquidity fragmentation by unlocking access to a multitude of blockchains. Today marks a major milestone for MetaMask: we’re launching MetaMask Snaps Open Beta, the first step towards our journey to create a fully permissionless ecosystem with MetaMask. 🦊 Read the 🧵for everything you need to know 👇https://t.co/DuHrwxQvi8 — MetaMask 🦊🫰 (@MetaMask) September 12, 2023 With the latest feature, the super scalable network MultiversX and its army of “sovereign chains” can therefore connect with the famous non-custodial wallet MetaMask. The crypto Elrond and other tokens built under the SDK of the infrastructure can be easily traded on multiple chains thanks to the user-friendly interface. This opens the doors to an era of accessibility and interoperability for the MultiversX ecosystem, which is indeed particularly efficient but…
Filed under: News - @ August 8, 2024 6:16 pm