Greymass Team introduces EOS Wallet through MetaMask Snaps, bridging 30 million MetaMask users to the EOS network’s Web3 ecosystem with enhanced functionality and security features.
The Greymass team focused on web3 development has announced the launch of EOS Wallet, an initiative facilitated by the MetaMask wallet. According to the announcement, the EOS Wallet is a gateway to the [NC] network through the MetaMask Snaps, a new feature that allows developers to build plugins and extends the functionality of MetaMask beyond the Ethereum (ETH) network.
The EOS wallet snap enables users to interact with the Unicove platform and other EOS-based decentralized applications using the MetaMask wallet. As a result, more than 30 million monthly active users on the MetaMask wallet can now seamlessly access the EOS web3 ecosystem.
The Greymass team received a portion of the 15 million EOS coins approved by the community to enable seamless adoption of the EOS products.
Key Features of the EOS Wallet Under MetaMask
The launch of the EOS wallet entails specific features that enable more global crypto users to interact with the EOS network effortlessly. With the EOS wallet installed, MetaMask users can now stake their EOS on the Unicove platform with less friction. Moreover, MetaMask users can easily create an EOS account with Unicove.
The MetaMask users through the EOS wallet can sign transactions and participate in the RAM market. To ensure top-notch security, the EOS Wallet was audited by the Cure53 firm, which is the recommended auditor for snap wallets by MetaMask.
Other notable features of the integration between MetaMask and the EOS network include a major benefit to Web3 developers, since tools such as Wharf enable Dapps to unlock more functionality.
Moving forward, the Greymass team announced that more updates are in the pipeline to enhance the new integrations with better user experiences.
MetaMask integration is now LIVE on EOS! 🦊🚨@MetaMask users can easily install the EOS Wallet and create an $EOS account directly within MetaMask using the companion dapp, Unicove.
With EOS Wallet installed, MetaMask users can:
🔸 Create an EOS account on Unicove
🔸 Sign… https://t.co/Vd8TYqQurc pic.twitter.com/XUR8HOaab2— EOS Network (@EOSNetworkFDN) December 19, 2024
Market Impact
Amid the ongoing mainstream adoption of digital assets and Web3 protocols, the EOS ecosystem has shown immense potential to attract more users and investors ahead. At the time of writing, the EOS network has a total value locked of about $187 million and a stablecoins market cap of about $10 million.
The integration of MetaMask and EOS will enable more users to access DeFi projects such as EOS REX for lending, DefiBox DEX, and PayCash DEX, among others. Additionally, the integration with MetaMask will fuel the ongoing bullish recovery for EOS price.
According to CoinMarketCap data, EOS price has surged over 29 percent in the last four weeks to trade at about 83 cents. The mid-cap altcoin, with a fully diluted valuation of about $1.7 billion and a 24-hour average trading volume of around $373 million, has been forming a bullish flag, which could lead to a major surge towards the all-time high soon.
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