MetaMask, a popular cryptocurrency wallet, has announced the launch of its newest dApp, which is designed to assist users in monitoring their cryptocurrency and non-fungible token portfolios collectively.
News in a Glimpse:
- The popular cryptocurrency wallet MetaMask has announced the release of its newest Decentralized application (dApp).
- The new dApp from the crypto wallet aims to help users collectively monitor their cryptocurrency and non-fungible token portfolios.
- This dApp allegedly supports multiple chains, allowing users to view multiple chains at the same time.
- The dApps were released with seven networks and wallet plans, but these are expected to grow in the near future, according to the report.
MetaMask, a popular cryptocurrency wallet, has announced the launch of its newest Decentralized application (dApp) in a blog post. The aforementioned dApp is designed to assist users in collectively monitoring their cryptocurrency and non-fungible token portfolios.
There were no such features for users at first, but after several requests, the popular crypto wallet tested the feature and integrated it into their ecosystem. MetaMask is one of the most popular non-custodial wallets in the crypto space, with mobile and web versions available.
Prior to the release of their newest dApp, the crypto wallet only allowed users to view their portfolio of all assets, which included crypto, DeFi, and NFTs, via third-party applications.
The MetaMask’s Newest dApp
MetaMask has officially announced the release of their newest dApp, Portfolio.metamask.io, via a blog post. Users can manage their digital assets from a single location with this dApp, which provides an overview of their accounts across multiple chains.
This dApp reportedly supports multiple chains, which means that users can view multiple chains at the same time. The dApps were released with seven networks and wallet plans, but according to the report, these are expected to grow in the near future.
Aside from providing users with a quick overview of their digital assets at a glance, MetaMask’s newest dApp also includes a special feature called “watch any wallet,” which is said to be available in the portfolio manager. Users can use this feature to connect to multiple MetaMask accounts, as well as offline and hardware wallets.
Furthermore, this dApp allows users to add friends’ public and ENS (Ethereum Naming Service) addresses. According to reports, there is a special toggle for NFTs in this newest dApp that provides users with an overview of all the NFTs they own. To use MataMask’s new service, users must first click the “Portfolio” link on the browser extension’s home screen, and then they can begin connecting multiple accounts.
Portfolio.metamask.io, MetaMask’s new Portfolio dApp, supports networks such as Ethereum, Optimism, the BNB Smart Chain, Polygon, Fantom, Abritrum, and Avalanche. Once a chain has been connected, users can begin viewing and managing their assets on each chain.
MetaMask’s Newest Updates
Aside from the latest dApp that MetaMask has released, this well-known cryptocurrency wallet has been working on several updates to improve the user experience. Here are some of the updates:
Set Approval for All Command
MetaMask introduced the “set approval for all” command before the end of July this year. This may appear to be a minor change, but it is considered an essential component of any smart contract.
This “set approval for all” command is reportedly code that aids in the facilitation of blockchain transactions, which are held together using a variety of commands. This command authorizes smart contracts to approve and transfer tokens, including NFTs, from your wallet on a specified date.
In terms of NFTs and NFT marketplaces, this new command allows the marketplace to automatically transfer NFTs from your wallet to a third party after a sale. The disadvantage is that it can be used by fraudulent people to maliciously transfer the contents of your wallet into theirs, which is possible when the NFT marketplace is experiencing bugs, as OpenSea recently did.
As MetaMask released this update, they also reminded their users to be mindful in all of their decisions in the NFT and Crypto space. Their users were encouraged to conduct their own due diligence because their money and assets were at stake.
Custodial Features
Another month has passed, and MetaMask has improved its features. MetaMask officially added Cobo anNFT management and storage service to its custodial services for institutional investors during the last week of September.
This collaboration is said to be aiming to create a “one-stop platform” for large corporations dealing with digital assets. Although MetaMask is notorious for being difficult to use, this custodial offering prioritizes usability for large investors.
The incorporation of Cobo into Metamask will assist institutional clients of the crypto wallet in designating roles within the company using internal collaboration tools. According to Tavia Wong, Cobo’s director of marketing and business development, this integration allows the user to limit their buying, trading, and selling to what the administrator allows.
At the average user level, MetaMask is known as a non-custodial wallet, but in its institutional branch, it is known to be constantly adopting custodial partnerships in various countries around the world.
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