- Hedera’s Wallet Snap update integrates token and smart contract services into MetaMask for enhanced asset management.
- The update offers new possibilities for developers with Hedera’s high-speed, low-fee platform on MetaMask.
Tuum Technologies has announced an interesting new upgrade to the Hedera Wallet Snap, which completely integrates Hedera’s token service and smart contract service with MetaMask. For developers and consumers alike, this update creates a world of opportunities and simplifies, strengthens, and greatly expedites the management of digital assets.
The #Hedera Smart Contract Service is now available on MetaMask with Snaps! 🦊
We’re excited to share this major update to @hedera Wallet Snap, live and ready on the leading self-custodial wallet. pic.twitter.com/MA7YzheSvo
— Tuum Technologies (@TuumTech) June 18, 2024
Key Features of the Hedera Update
Especially with the incorporation of the Hedera Smart Contract Service (SCS), this major version offers notable improvements. Users can now create, update, and delete smart contracts, as well as retrieve and call their bytecode and information.
These features provide MetaMask with autonomous, self-executing logic, launching a new category of Hedera network applications.
Retail users may now use a powerful platform that blends the simplicity of MetaMask with the sophisticated capabilities of Hedera, thanks to the integration of Hedera’s Token Service and Smart Contract Service.
This plugin takes advantage of Hedera’s well-known efficiency and cheap transaction costs to let users manage and deal with both fungible and non-fungible tokens inside MetaMask. As such, engaging in the digital economy is made easier, and using digital assets becomes safer and more accessible.
Benefits for Developers
Developers will find this upgrade very significant. Using Hedera’s fast, inexpensive, and ecologically responsible platform, developers can create and launch complex applications on MetaMask by integrating its Smart Contract Service.
These applications, which open up new creative opportunities, might be anything from social networking platforms to financial services.
Meanwhile, CoinMarketCap data shows that the price of HBAR at the moment of writing is at $0.08119, slightly up 0.13% over the last 24 hours. Still, throughout the previous seven days, the price has declined by 8.01%, indicating a bearish trend.
Previously, the HBAR Foundation just declared a collaboration with the Nordic Blockchain Association to increase blockchain use in Denmark, Finland, Norway, Iceland, and other Nordic nations.