MetaMask Launches Snaps: Extending Wallet Use beyond EVM Ecosystem
MetaMask, the leading Web3 wallet, has introduced a new mechanism called Snaps that allows users to utilize the wallet outside of the Ethereum Virtual Machine (EVM) ecosystem. This development is a significant step towards achieving full decentralization and permissionlessness for MetaMask. Previously, MetaMask was primarily associated with Ethereum and Ethereum-compatible blockchains. However, with Snaps, MetaMask can now be used on non-EVM compatible blockchains like Cosmos, Tezos, Algorand, Starknet, and Solana.
Achieving Full Decentralization
The launch of Snaps marks an important milestone in MetaMask’s journey towards becoming fully decentralized and permissionless. These software modules can be integrated into the MetaMask wallet, allowing for compatibility across different blockchain ecosystems. The first iteration of Snaps is already available to Google Chrome users, while a release for Firefox is in progress. Over 30 third-party Snaps apps are currently accessible on the MetaMask wallet portal.
Bringing Solana to MetaMask
With the introduction of Snaps, MetaMask will now support Solana-based NFTs and SOL. This means users can manage their Solana assets directly on MetaMask wallets and access Solana dApps. The integration of Solana into MetaMask is expected to eliminate the installation friction that Solana users previously experienced. Solflare, a co-founder of Solana, believes that this development will introduce a wider user base to Solana and its vibrant app ecosystem.
A Step Closer to Decentralized Governance
MetaMask’s move towards a more decentralized mechanism indicates that the long-awaited airdrop of the MetaMask token may be approaching. This token will play a crucial role in establishing fully decentralized governance within the MetaMask ecosystem. However, the MetaMask team acknowledges that achieving their vision of a fully permissionless ecosystem will require time, iterations, and continuous improvements.
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