new opportunities for the DePin world
The post new opportunities for the DePin world appeared on BitcoinEthereumNews.com.
The DePin IoTeX blockchain has just announced the integration with the MetaMask wallet to enhance its set of decentralized physical infrastructures. Thanks to the “snap” function, IoTeX users will be able to improve the accessibility and use of this technology, making it available to the entire community. Specifically, the advantages concern the possibility of sending tokens to web3 domains, converting io and 0x formats, and accessing real-time updates of the chain. Let’s see all the details below. IoTeX enhances DePin functionalities by integrating with the MetaMask wallet IoTeX, one of the leading DePin blockchains in the crypto sector, has revealed a strategic partnership with the famous wallet provider MetaMask. This is a collaboration that brings the more than 30 million monthly active MetaMask users into the ecosystem of decentralized physical infrastructures. Thanks to the introduction of the “Snap” function, the IoTeX community can take advantage of several benefits, unlocking new connections between real-world data and web3 networks. More closely, we see how these improvements concern the activity of token transfer and conversion of INS (IoTeX Name Service) addresses. This is a decentralized naming service on the IoTeX blockchain designed to provide human-readable names for devices, services, and DePIN wallets. With MetaMask Snap, users can easily send cryptocurrencies from the DePin network seamlessly, directly to io.address or INS domains. Furthermore, they can transform an INS address by changing from io to 0x (EVM world), while simultaneously accessing updates of the crypto ecosystem. In this way, greater flexibility is introduced for resource management on the platform, adding a strong component of interoperability The IoTeX community has actively supported the integration with the MetaMask wallet from the very beginning, demonstrating their dedication and passion for the project.For the moment, the new functionality has received positive feedback from governance discussions, reflecting public interest in…
Filed under: News - @ November 5, 2024 11:19 am