MetaMask Launches Snaps to Decentralize Development
MetaMask, the popular non-custodial wallet, has introduced the Snaps feature in Open Beta, marking the first steps towards creating a fully permissionless ecosystem. The wallet developer believes that developers can now create and release independent features and functionalities on MetaMask without the need for approval from the company. This move is expected to lead to the development of numerous services and features addressing unresolved issues in Web3. By decentralizing development, MetaMask aims to capture the full extent of innovation in Web3 while allowing humans to flourish on an exponential scale.
Challenges and Compromises
The release of Snaps has faced challenges. MetaMask revealed that during discussions with Google, the developers proposed a complete overhaul of how extensions like MetaMask work. However, compromises were reached, and an agreement was made to operate the wallet without compromising security.
Snaps is now available in open beta from MetaMask version v11.0 and can be accessed on supported browsers like Chrome and Brave.
Powering DeFi and Web3
MetaMask plays a crucial role in Web3, connecting users with decentralized protocols in areas such as decentralized finance (DeFi), metaverse, and non-fungible tokens (NFTs). The wallet’s non-custodial nature allows users to access critical services like trading and staking without giving up control of their assets.
As of September 12, the MetaMask wallet has been downloaded by over 10 million users from the Google PlayStore alone.
Hot Take: MetaMask Empowers Developers in Web3
MetaMask’s release of Snaps in Open Beta marks an important milestone in the decentralization of development in the Web3 ecosystem. By allowing developers to create and launch their features on MetaMask without approval, the wallet is fostering innovation on an unprecedented scale. This move has the potential to address numerous challenges in Web3 and propel the industry forward. With its user-friendly interface and widespread adoption, MetaMask continues to play a vital role in connecting users with decentralized protocols and services. As the Web3 space evolves, MetaMask remains at the forefront, empowering users and developers alike.
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