MetaMask has added a non-fungible token compatibility to its browser extension service making it easier and more secure to trade these unique assets.
In a Twitter post, MetaMask said ERC-721 and 1155 tokens should appear in its latest extension version as long as automatic NFT detection is enabled. According to Metamask, v10.28 brings an NFT view into its browser extension, enabling users to send ERC-721 tokens.
You can now view your #NFTs on MetaMask! pic.twitter.com/0sKCVBBh7v
— BitKE (@BitcoinKE) May 17, 2023
The latest update to the MetaMask browser extension includes the following features in quick summary:
- Dedicated NFT tab allowing users to easily view and manage their NFTs within the wallet
- Simplified sending of ERC-721 NFTs enabling users transfer ERC-721 NFTs without relying on external platforms or smart contracts
- NFT auto-detection if enabled will display all ERC-721 and ERC-1155 tokens in the wallet
- Although not yet available, MetaMask plans to introduce the ability to send ERC-1155 tokens in the near future
Non-fungible tokens (NFTs) are one-of-a-kind digital assets that are stored on the Ethereum blockchain and can represent anything from digital art to virtual real estate. However, managing NFTs can be challenging, particularly for those new to the technology.
The new NFT tab in MetaMask allows users to conveniently view all of their NFTs in one place, making it simpler to keep track of their collections. This feature could greatly benefit NFT users, with several other benefits, and is a significant development for both holders and traders.
Prior to this update, users had to rely on platforms like OpenSea or interact with smart contracts to transfer their NFTs which exposed them to potential risks. The new update eliminates these concerns and allows for the direct transfer of NFTs to a ledger or friends from within the MetaMask browser extension.
This is a game-changing development for the NFT community.
In addition to providing additional benefits to NFT holders, the improved user experience offered by the new NFT tab helps MetaMask remain competitive against newer wallets and mobile alternatives like Rainbow. The dedicated NFT tab and enhanced transfer capabilities not only make the wallet more attractive to new users, but also streamline the process for existing users.
Users who do not have automatic updates enabled will need to manually update their MetaMask extension to access the new features. To do this, they can visit their browser’s extension settings and follow the prompts to update MetaMask to version 10.28.
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