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 streamlining access to the network.
Regarding the news, Raullen Chai, CEO of IoTeX, also commented, enthusiastically stating the following verbatim at the press conference:
“IoTeX Snap represents our commitment to bringing the IoTeX ecosystem closer to the broader Web3 community. We are excited to connect IoTeX’s cutting-edge DePIN features with the powerful MetaMask wallet ecosystem, allowing users to experience seamless interactions and greater accessibility in DePIN networks.”
The expansion of the MetaMask Snap service
The latest integration between MetaMask Snap and the DePin IoTeX network represents just the tip of the iceberg of a much broader growth path for the web3 wallet.
The service, introduced in September 2023 by the Consensys team (the company that manages MetaMask), has experienced a strong expansion since its open beta version.
Initially, it was designed to connect the Solana world with the EVM versions of Ethereum, eliminating the need for bridges or third-party entities.
At launch, it boasted the presence of as many as 34 different blockchains, from which users could draw to perform cross-chain exchanges.
Today we can count instead over 90 integrated chains, with a wide range of choices among networks and protocols of decentralized finance.