Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
NEAR Snap Brings Non-EVM Features to MetaMask for the First Time

NEAR Snap Brings Non-EVM Features to MetaMask for the First Time

CoinEditionCoinEdition2024/12/12 16:00
By:Maxwell Mutuma

NEAR Snap integration makes MetaMask compatible with non-EVM NEAR Protocol features. NEAR Protocol’s price holds $6.70 support amid modest declines post Snap launch. MetaMask Snap bridges NEAR to dApps, boosting Web3 accessibility and developer tools.

  • NEAR Snap integration makes MetaMask compatible with non-EVM NEAR Protocol features.
  • NEAR Protocol’s price holds $6.70 support amid modest declines post Snap launch.
  • MetaMask Snap bridges NEAR to dApps, boosting Web3 accessibility and developer tools.

NEAR Protocol has become the first non-Ethereum Virtual Machine (EVM) blockchain to integrate fully with MetaMask. This lets MetaMask users use the NEAR ecosystem seamlessly.

The NEAR Snap , a new feature from HERE Wallet and the Banyan Collective, lets you create NEAR accounts and sign transactions right from MetaMask. This integration makes NEAR Protocol a leader in Web3 interoperability, giving an enhanced Web3 experience and unlocking new venues for developers and users.

MetaMask Snap: Expanding Blockchain Accessibility

The MetaMask Snap ecosystem, introduced recently, allows for the integration of various non-EVM chains, including NEAR, Solana, Cosmos, and others. NEAR Snap lets MetaMask users use NEAR Protocol’s native features for the first time, bridging the gap between EVM and non-EVM chains.

Read also : NEAR Price Surges 65% as Sharding Drives Adoption

Before, Aurora, NEAR’s EVM-compatible blockchain, was the only way to interact with MetaMask. Now, NEAR Snap expands this functionality, allowing more decentralized applications (dApps) and blockchain interactions directly through MetaMask.

Unlocking New Opportunities for Developers

NEAR Snap’s development aligns with NEAR Protocol’s vision of helping more dApp integration. Using the NEAR Wallet Selector, developers can integrate their applications with NEAR Snap.

Future versions will have even more functionality, including BOS components, which will give web-wallet-like experiences. These innovations aim to give users and developers a streamlined ecosystem, making NEAR Protocol a leader in Web3 accessibility.

NEAR Protocol’s Recent Performance

Despite this major announcement, NEAR Protocol’s price has experienced modest declines, trading at $6.90 , down 1.56% in the last 24 hours. The asset recently exhibited a brief bullish trend, peaking at $7.30 before retracing. 

NEAR Snap Brings Non-EVM Features to MetaMask for the First Time image 0 NEAR Snap Brings Non-EVM Features to MetaMask for the First Time image 1 Source: Coinmarketcap

Resistance levels are firm at $7.00 and $7.30, with the latter showing big selling pressure. On the downside, $6.70 acts as a critical support level, where prices have consistently rebounded.

Market Indicators and Outlook

NEAR Snap Brings Non-EVM Features to MetaMask for the First Time image 2 NEAR Snap Brings Non-EVM Features to MetaMask for the First Time image 3 NEAR/USD 1-day price chart, Source: Trading view

The 1-day Relative Strength Index (RSI) of 53.64 suggests neutral momentum, while the MACD below the signal line hints at short-term bearish pressure.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation.

CryptoSlate2024/12/26 12:44

Turkey Enforces ID Rules for Crypto Trades Above $425

The new rules, which will take effect on February 25, 2025.

Cryptotimes2024/12/26 12:44

Japan Rejects Bitcoin Reserve Idea, Favors Stability First

The government further clarified that the discussions on this are still in the infancy stages and hence not much can be said at present.

Cryptotimes2024/12/26 12:44

Whales’ Huge $ai16z Purchases Lead to Big Profits

The unrealized profit for this investor currently stands at $1.13 million, with an average cost of $0.68 per token.

Cryptotimes2024/12/26 12:44