In a recent announcement, MetaMask has revealed that its latest version of extension, v10.28, will include an NFT view feature. With the new update, all ERC-721 and 1155 tokens will appear in the MetaMask Browser extension as long as automatic NFT detection is enabled. This new feature will allow users to send ERC-721 tokens with ease.

The MetaMask team tweeted about the update, stating that they will soon add the ability to send ERC-1155 tokens. They also emphasized the importance of caution and diligence when dealing with transactions, as they are still irreversible.

The auto-detection of NFTs is a separate toggle from other types of tokens, and users should take note of this when using the extension. Although the update brings convenience to users, it is important to remain vigilant and careful with transactions, as mistakes can be irreversible.

This new feature is expected to make it easier for users to manage and transfer their NFTs, ultimately enhancing their experience with MetaMask. As the popularity of NFTs continues to rise, MetaMask’s new update comes at an opportune time, offering its users a more seamless experience in handling NFTs.

Overall, this latest update from MetaMask demonstrates the company’s commitment to providing its users with a top-notch experience, while also keeping their safety in mind. The NFT view feature will undoubtedly enhance the user experience, and we look forward to seeing how users will utilize this new feature in the coming weeks and months.

#Metamask #nftcommunity #NFT #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

MetaMask, one of the most widely used cryptocurrency wallets, has been in the news lately for its rumored airdrop. However, on March 29th, the MetaMask Twitter account debunked the rumors, stating that there would be no snapshot or airdrop on March 31st. The false rumors had claimed that users would have to swap four trades worth over $1,000 to qualify for the airdrop.

While the rumors may have been false, they did have a positive impact on MetaMask’s user activity. According to Scope Protocol, the cryptocurrency wallet recorded 2,352 new users and 13,644 transactions, the second-highest in the last 90 days.

@azcoinnews

Airdrops have become a hot topic in the cryptocurrency world recently, with major projects such as Arbitrum, Optimism, and Aptos dropping hundreds of millions of dollars in tokens to incentivize user adoption. This has made airdrops a lucrative investment channel for some.

MetaMask, which offers not only basic transfer functions but also bridge and swap features, has been continuously developing new features to cater to the needs of its users. On March 28th, ConsenSys, the company behind MetaMask, launched the zkEVM Linea testnet, a network designed for privacy and scalability. The company also announced that there would be rewards for those who participate in building the network, although no specific details were given.

While the false airdrop rumors may have been disappointing for some, MetaMask’s continued growth and development show that it remains a popular and reliable cryptocurrency wallet option for many. It is important for cryptocurrency users to remain vigilant and avoid falling for scams, especially during times of increased activity and attention.

#Metamask #MASK #Airdrop #ConsenSys #azcoinnews

This article was republished from azcoinnews.com

ConsenSys, the leading Web3 company, has announced that MetaMask, the world’s leading self-custody wallet, and MoonPay, the leading web3 infrastructure company, have expanded their offerings in Nigeria.

This move aims to provide Nigerian users with an easier and more efficient way to access digital assets, as buying and selling crypto in the country has been challenging due to the lack of localized payment methods.

With the new feature, users of MetaMask in Nigeria can now use instant bank transfers to purchase crypto directly within the MetaMask mobile app and the Portfolio Dapp, making the experience cheaper, faster, and more efficient. This integration will reduce decline rates and provide a user-friendly experience, allowing Nigerian users to obtain tokens conveniently without setting up an account with a centralized crypto exchange.

The collaboration between MetaMask and MoonPay will enable Nigerian users to fund their self-custody wallet through a simplified user experience. This feature is a significant step towards achieving a seamless on-ramp experience in Nigeria and other African countries such as Kenya, Botswana, and South Africa.

The increasing adoption of crypto in Nigeria is evident as the country has been climbing the charts regarding grassroots crypto adoption, with almost 12.4 million people estimated to own crypto assets, according to the Chainalysis 2022 Global Crypto Adoption Index. Nigeria is among MetaMask’s top markets globally, ranking third in mobile active users, and among the top ten countries regarding visitors to metamask.io.

Lorenzo Santos, Senior Product Manager at MetaMask, said, “This is an essential next step in a critical market that has embraced crypto and web3 but faces serious challenges when using fiat to crypto on-ramp. We are reducing friction and bringing down barriers to keep supporting Nigerians as they onboard into web3.”

Zeeshan Feroz, Chief Product & Strategy Officer of MoonPay, added, “Our partnership with MetaMask will enable us to provide Nigerian users with Bank Transfers, a widely used payment method across Nigerian e-commerce businesses. We hope this integration opens the doors for Nigerians to fund their self-custody wallet through a simplified user experience.”

This integration is expected to boost the Nigerian crypto market, as a widely accepted and real-time payment infrastructure obstacle for crypto transactions in Nigeria would make purchasing crypto an easy solution. Moreover, MetaMask users can become their own bank through self-custody, directly controlling their assets.

To fund your MetaMask wallet with MoonPay in Nigeria, users can log in to the MetaMask mobile app or Portfolio Dapp, click or tap the Buy button, select Nigeria as their region, choose Instant Bank Transfer, enter the amount desired and the token they wish to purchase, select the MoonPay quote, and checkout inside MoonPay widget.

In conclusion, this collaboration between MetaMask and MoonPay is an excellent initiative for Nigerian users, as it will provide them with a more convenient on-ramp experience, reducing friction and bringing down barriers to access web3. This move is a significant step towards achieving the digital economy of tomorrow, as ConsenSys enables developers, enterprises, and people worldwide to build next-generation applications and access the decentralized web.

#Metamask #moonpay #Nigeria #azcoinnews #azcoin

This article was republished from azcoinnews.com

Swaps volume on #Web3 wallet provider #Metamask set an all-time high over the weekend as the demise of leading crypto-friendly banks Silvergate and Signature sent shockwaves across the industry.

On a forthcoming edition of The Scoop podcast with Frank Chaparro, Metamask group manager Dan Finlay claims that a significant portion of that was caused by the uncertainty around the precise outcome of those bank closures.

"It's a lot of just speculative panic. People aren't sure what they can trust. And everybody seems to want something stable, making some pretty big moves in response to this situation."

Circle, a #USDC issuer, had previously disclosed on Friday that Silicon Valley Bank, which was shut down by state authorities the same day, had $3.3 billion in reserves. Regulators said on Sunday that any deposits will be returned in full.

Finlay said:

"People were betting, they were freaking out that some of their stablecoins were going to drop. DAI even dropped because most of its backing is on USDC now."

As activity increased, Metamask earned around $1.5 million in exchange fees, according to Finlay.

"People are onboarding, people are fleeing to crypto in many situations... We see that every time there's one of these systemic shocks, people kind of look at it again and they're like 'hey, wait, that's holding up."

As a result, it may be "fantastic" for crypto even though there may be a systemic danger. A strange mixed gift, according to Finlay.

Finally, #NFT is now supported by the #Metamask extension. After the upgrade, you will see a third tab and this feature is accessible in version 10.28. To automatically identify your NFT, it depends on a test flag that you must enable. The user interface resembles that of a smartphone app.

The following features have been added to the most recent plug-in wallet, version 10.28, based on a tweet from MetaMask:

Dedicated NFT Tab: The updated version has an NFT tab that enables users to instantly access and manage their NFTs in the wallet.

Simplify ERC-721 NFT Sending: Now users can move ERC-721 NFTs without the aid of third-party platforms or smart contracts.

NFT Autodiscover: When activated, this function displays every ERC-721 and ERC-1155 token that is stored in the wallet.

Upcoming Support For ERC-1155 Transfers: While not yet accessible, MetaMask intends to soon make ERC-1155 token sending possible.

In the past, users were compelled to transfer their NFTs through dangerous platforms like OpenSea or convoluted smart contracts. By allowing users to send NFTs via the MetaMask browser plugin straight to the ledger or to a friend, the new upgrade allays these concerns.

Although no precise date has been given, the wallet intends to soon enable users to deposit ERC-1155 tokens in the extension. For fans of NFT, this update will increase the wallet's usefulness even further. The overall user experience is enhanced by this update, which also levels the playing field with respect to rival mobile wallets and newer wallets.

Recent reports have also suggested that a significant airdrop will be launched in 2024 by the biggest Web3 wallet on the market. The cryptocurrency community is interested in recent airdrop activities. Users on the network have considerably increased, particularly after the top 2 Ethereum miners executed the airdrop.

The majority of Ethereum-based DeFi applications use MetaMask, which has over 20 million active users each month. In the upcoming year, this will probably be the event that the crypto community looks forward to the most.

This news is republished from https://coinaquarium.io/