Business News Report
September 12, 2023

MetaMask Announces Open Beta for Snaps, Elevating Cross-Chain Innovation

In Brief

MetaMask introduced Snaps for its Ethereum wallet, offering a secure extensibility system and inviting the developer community to contribute solutions to complex problems in the world of distributed computing.

metamask snaps

MetaMask unveiled its MetaMask Snaps system, an addition to its Ethereum wallet that promises to redefine user experiences and the future of decentralized computing. According to MetaMask, this development is the result of years of meticulous research and hard work by a dedicated team.

“Some time ago, Dan Finlay [the co-founder of MetaMask] had an idea to build a platform that invites the developer community to build their own solutions to the hardest problems in web3, without MetaMask’s approval,” MetaMask wrote on X. “This idea was the start of a vision to build a permissionless ecosystem in which any developer can build a feature for MetaMask and anyone can install and use it, customizing and enhancing their web3 experience.”

MetaMask Snaps includes a system that introduces a set of APIs and collaboration with partners to support new blockchains, transaction security providers and various notification systems, including a chat functionality.

The company is inviting to the community to contribute solutions to complex problems, lowering barriers and costs to foster innovation in the world of distributed computing. Moreover, Snaps aims to be a secure extensibility system, the company’s step towards a more collaborative future for computing.

The company said that Snaps not only enhances functionality but also boasts a world-class permission system, offering users the ability to securely review risks before integrating new features. Future plans include new account types, Snap-defined assets, and home screen widgets.

While the current Snaps system requires approval for installation due to safety measures, the long-term goal is permissionless computing, bridging the gap between walled gardens and unrestricted environments. This represents a pivotal step toward safe, user-custodial computing.

“Snaps run in a sandboxed environment and use a permissions model to protect your data and respect your consent. Snaps do not have access to your MetaMask account data,”

MetaMask wrote. 

Developers eager to explore this platform can install Flask, MetaMask’s developer-centric distribution, and begin experimenting with Snaps.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.

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