On Monday, main self-custody cryptocurrency pockets platform MetaMask introduced the launch of multi-chain accounts, a function enabling customers to handle each Ethereum Digital Machine (EVM) and non-EVM addresses from a single profile.

This growth signifies a strategic shift from MetaMask’s previous one-account-one-address mannequin to a construction that enables a single account to handle a number of addresses throughout completely different blockchain networks. 

The function guarantees better interoperability and streamlined asset administration companies for a pockets service that beforehand solely supported Ethereum, requiring customers to create separate accounts for EVM-compatible chains and different non-EVM networks, notably Solana.

MetaMask Unveils Multi-Chain Accounts, Promising Help For Ethereum, Solana, and Bitcoin Addresses

Below the multi-account setup, one consumer account can help Ethereum, EVM layer-2 (Arbitrum, Base, Linea, and so forth.), and Solana addresses. MetaMask mentioned that Bitcoin integration might be added in future updates to the app.

The help for Layer-2 and non-EVM networks enhances the pockets’s performance, additional increasing cross-chain operations. The deliberate growth to the Bitcoin community underscores the Consensys-owned platform’s dedication to upholding interoperability.

Dan Finley, co-founder of MetaMask, famous that the introduction of multi-chain accounts is a “vital step” in the direction of enhancing consumer expertise and interoperability within the crypto ecosystem. In a separate announcement, the crew mentioned this implies customers solely should handle “fewer accounts,” with much less switching forwards and backwards between community addresses, and sooner cross-network actions.

In keeping with MetaMask, all EVM and non-EVM wallets created earlier than the newest replace stay accessible to customers, with the multi-chain account function pairing one EVM tackle with a Solana tackle. If a Solana account was created prior to now, it would now be matched with an EVM tackle chronologically and can mechanically undertake the EVM account identify. If the consumer has extra Solana accounts than EVMs, then a brand new EVM-compatible tackle might be created to match up and undertake the unique account’s identify.

The options come as a part of an auto-update, which has been rolled out to MetaMask Cellular model 7.57 and Browser Extension model 13.5, using the BIP-44 proposal – a derivation path customary that enables crypto wallets to generate and set up a number of accounts from a single restoration phrase.

Customers don’t must conduct any pockets migration, with MetaMask promising that each one buyer funds will stay protected and balances unchanged throughout and after the platform replace.

Nonetheless, {hardware} wallets related to MetaMask will stay restricted to EVM accounts, as Solana help is but to be accessible for the units. A multichain account would be the default setting on MetaMask any more.

Consensys and MetaMask Tease “MASK” Token Launch

In the meantime, MetaMask is gearing as much as launch its native “MASK” token. Lately, a web site rumored to be a claims portal for the upcoming tokens surfaced on-line, with the positioning exhibiting a password-protected authenticator with no performance for guests, however redirected to the official MetaMask web site.

Firm executives have lengthy been teasing a possible ERC-20 cryptocurrency to energy the most important pockets platform, incubated by blockchain growth agency Consensys, which owns and operates MetaMask. 

Final month, Consensys CEO Joe Lubin mentioned in an episode of “The Crypto Bear” podcast that the MASK token might come earlier than anticipated. He additionally famous that the corporate is actively engaged on the undertaking, earlier than including that customers ought to take note of different developments throughout the Consensys ecosystem, as they might be potential hints.