MetaMask is a worthy hero of cryptocurrency.

Contractors, staff, and designers can learn more about MetaMask here if they have a few minutes left.

Cryptocurrency wallets are no longer a niche business. Three years ago there were 31 million cryptocurrency wallet users, but today they are almost 80 million. There is still a long way to go to realize the full potential of web3, but stuff like MetaMask is far from esoteric. That alone has 21 million users.

MetaMask is a big company. In 2021, the company achieved sales of over $ 200 million. This is thanks to the "exchange" feature which allows users to trade cryptocurrencies without leaving the product. for

The expectations of different consumers. Consumers like MetaMask are designed for developers. Given the origins of encryption, this makes sense, but as consumers with less tech-savvy content start to take an interest in Web3, design costs go up.

Improving protection is difficult. Since the crypto wallet removes data from the blockchain, no user exits. Within a minute, users can switch between wallets without data loss. This means that doctors must find other ways to develop their defenses. Getting a developer is one of them. for

The competition is fierce. Now, Metamask is king. However, many candidates were running for the throne. Coinbase provides a wallet and a block (fka Square) can be legal. Traitors like Rainbow, Phantom, and Argent are not to be guessed. for

Disclaimer: I want to take the time to tell my readers that I am not a journalist. Instead, I am a writer and an investment analyst. Generalists in the future and interpret the business. It is not a news research organization. As part of the course, I was told how a great company started. In today's article, you will see that some of these stories are inconsistent. I have done my best to be as clear, objective and honest as possible.

Bruce Wayne sits across from Gotham City handsome lawyer Harvey Dent. With a sweetheart Rachel Dawes and her beautiful day, Wayne felt Dante's passion for speaking. He was defending the Batman area, but he didn't know the man behind the mask was sitting in front of him. for

"When their enemies are at the gates, the Romans will delay independence and choose someone to defend the city. It is not considered an honor. It is considered a function."

"Harvey, the last man they chose to defend the republic was Caesar. He never gave up his power," Dawes protested. for

"Alright, alright ... Whether you die like a hero, or live to see yourself become a villain." This episode describes the feelings of Christopher Nolan's 2008 film "The Dark Knight". The distance between praise and evil, violence and evil is only a thin line. for

It is also the appropriate framework for MetaMask. Despite being the most widely used wallet in the crypto space and responsible for bringing billions of users to the Web3 world, this huge product has had a huge impact on business people. for

The result is a personal business conflict which can lead to different perceptions. Sponsors of MetaMask's excellent worldwide and incredible sales of over $ 2 million in 2021, say MetaMask is just getting started. At the same time, skeptics are planning a memorial service, fixing the company as Yahoo for Web3, while waiting to be passed on by Google. for

As in Nolan's films, these differences of opinion are not as demanding as you might think. for

Today's article analyzes MetaMask sites in the field of cryptography and describes its history, characteristics and importance. He also lists those who began to oppose the throne by presenting skepticism, speculation about what happened and difficulties on the throne. Concretely, you will hear:

the story. The history of MetaMask dates back to the original Ethereum Devcon. It is also a controversial subject. for

approval system. The parent company behind MetaMask has been around for a long time.

goods. Despite its rugged design, past experience with MetaMask can impact newbies. for

traction. The facts prove that this year is the year of the breakup for MetaMask. It generates hundreds of millions of dollars in income and earns almost 100% interest. for

in the future. We are in the early stages of the crypto revolution. Wallets like MetaMask need to be transformed into a platform for technological and social exchange. for

prehistoric chav

Miami

It's a bad place for an important meeting. Florida is known for her beautiful face and silvery hair, but she's not always known for her innovative designs. When it comes to the history of Ethereum, Sunshine State deserves more praise. for

In January 2014, a group of refugees met on a Miami beach. I chose this week to attend the North American Bitcoin Conference at the Cleveland Hotel in South Beach, but the real purpose of the visit was to discuss another crypto project, Ethereum. for

A few months ago, the then 19-year-old pony Vitalik Buterin (Vitalik Buterin) looked at "computers on the air" and wrote a "free" letter describing the potential of "flying computers" . His work has garnered support and enthusiasm, including those with him in Miami. He came to the coast with two talented developers. Shabby and passionately Gavin Wood and Charles Hoskinson with glasses. Entrepreneurs Anthony Di Iorio and Joseph Lubin also participated in the discussion. for

With Buterin simply applying gravity to the rally, Lubin would be able to see most of orbit. The people of Toronto have worked for Buterin for 30 years and attended the meeting by invitation from Di Iorio. Lubin's track record means he's too quick for the outcome of what's been discussed, but his age and size means he's more of a litigation on Wall Street than a software breaker. for

Rubin once worked on Wall Street. After graduating in Electrical Engineering and Computer Engineering from Princeton University and taking a course with future cryptocurrency investor Michael Novogratz, Lubin worked as a researcher for seven years before joining Goldman Sachs as a vice -President. for

But anyone in economics who thinks Rubin has no idea will understand his mistake. Several other articles show a tendency to break the law. After graduating from college, Rubin tried to become a professional squash player, and after the 2008 crisis he decided to become Colonel Kurtz, considering buying the squalid land of Peru based as a post-apocalyptic location. . Finally falling in love with Jamaican singers, he founded a living room writing company.

All of this suggests that Rubin may seem "sad in the room," but her story shows a fun, open mind that will inspire everyone to make quick decisions. for

During the team in Miami, Lubin not only secured his pioneering position in the Ethereum revolution, but also developed a keen industry sense to balance Buterin's (V God) mind and emotional core. This would prove to be an important moment in Rubin's work and Ethereum's history. for

Developer Meeting 0

Later in November, many of the same characters will find themselves crossing the Atlantic at another peak. Devcon 0 was Ethereum's first conference, held in Berlin, with keynote addresses by Buterin, Wood, and other early Christians. for

Until then, the Ethereum team has made an important decision. It would be a waste of time. Under Buterin's leadership, this option dismantled the group leaders and sent members of the First Team in search of new foods. Despite being close to Buterin, Lubin is one of those people who begins to look beyond the jobs and into the different fields of activity. Around Devcon 0 he embarked on a new adventure called ConsenSys. The company focuses on finance and provides business information developed by Ethereum to facilitate network deployment and benefit consumers and businesses that have yet to start. for

In a conference room in Berlin, the director of real estate star ConsenSys was born. Joel Dietz is a fan of many converts. With fluffy hair and a small face that made Hugh Grant a star in the '90s, Dietz has developed a strong ecosystem. He not only thought about the future of cryptocurrencies for Bitcoin Magazine, but also started a series of gatherings for Ethereum enthusiasts in Silicon Valley. for

In addition to these activities, Dietz is currently working on one or more of his businesses. "I have always been busy with a lot of work," said Dietz in the communication.

One of those companies is Swarm, a Bitcoin-based crowdfunding platform. It also works on encrypted browser extensions. This allowed Dietz to follow one of the presentations presented at the meeting. He recalls :

There has been a lot of talk in Devcon 0 about the need for JavaScript users and a web3 interface that connects to the world of standard web applications and the world of Ethereum users.

In a meeting, Dietz sat down with Buterin and Wood and created a simple application that is expected to receive one of the most recent Ethereum development grants and a JavaScript-based browser. for

Buterin does not sound convincing. Dietz remembers liking the idea and even called it Steam. Although no money was invested in it, Dietz left Berlin for other work. for

Back in California, he started working on the network he had created. He wants to talk to "any JavaScript developer who has done all demos for an Ethereum user". After all, according to Dietz's memory, there aren't more than four such demos. Among them is a group of Apple employees led by "JavaScript hacker" Aaron Davis. for

Davis, whose blonde hair later turned into dreadlocks, was known in the cryptocurrency world by his pseudonym "Kumavis". Like Dietz, he recognized the potential of blockchain early on and began experimenting with construction. In our communications, Kumavis said he came up with the idea for the Ethereum wallet after planning a crowdfunding match and knew he needed a way "to go beyond the tie."

Dietz and Kumavis decided to join forces to create Vapor. According to Dietz, Kumavis is very satisfied, but hopes that this first project can raise funds before leaving Apple to work full time in a secure environment. A third member, Martin Becze, lives and joins Dietz, the community center that has helped manage and support the Ethereum Foundation. for

To collect money, three of them attempted to enter Y Y Combinator, where the power is endless. for

In the video app available on YouTube, you can watch Becze, Dietz, and Kumavis explain the real details they're trying to create. for

Full of interest, but not the loudest sound. But if there is no language we have now, how can we explain them? The word "wallet" is not mentioned in the one-minute clip because it doesn't have a modern meaning. Instead, the team described the terms they created as "browser integration with blockchain."

It is gratifying that the sponsorship of this Y Combinator generated enough interest to send out an invitation to the interview, but it was ultimately turned down. Dietz provided a team email sent by YC partner Trevor Blackwell. This is the best since the early days of Site 3.

Looking back, what do you think of our current smart contract? But Blackwell's work has mostly experts, even experts in forecasting and fundraising.

Despite the lack of YC support, the Vapor design continued to work on the project, but cracks started to appear.

Tom qab YC: Sensitive area

So far, the path of Vapor's story is clear. However, he soon falls into the rabbit hole and tries to do so from the shadows. We'll go the other way, but first we have to try to tell a vague story. for

While researching this article, I tried talking to our Vapor founder, MetaMask grantees, and others in the wallet space. Even after a lot of listening, there is still a lack. I haven't spoken to Joe Lubin and Daniel Finlay. The latter is a developer of ConsenSys and is considered to be one of the developers of MetaMask. I also did not receive a response from Martin Becze, the third member of Vapor.

This means that this expansion is based on the testimonials of the two founders of Vapor, Joel Dietz and Kumavis. they are different for

Even after YC's rejection, Kumavis continued to work on the development of the Vapor. He soon realized that he was only one of three people who had helped. Becze focuses on other Ethereum related activities, while Dietz ostensibly joins other activities. “I did my job 100%,” Kumavis said.

Dietz himself appears to have identified Kumavis as a major contributor, and in an independent commentary he "completed about 90% of the work involved in coding and browser extensions." Dietz first noted the cost of office and group meals, noting that he "provided funding for early improvement." Kumavis made it clear that Dietz was "free" and asked for a receipt. for

When asked for details of his spending, Dietz said he pays for sushi for lunch and dinner, "only for the direct funding" he provides. Speaking of work, Dietz took me to a TechCrunch video, which describes my role as "father" in Palo Alto's hacker house, Love Nest. He pointed out that Becze is in love and that his rent is paid by the Ethereum Foundation. Although Dietz's reasons are unclear, it appears that due to the work of the office owned by Aichao, it does not directly affect financial development. Dietz agrees that Kumaris has not benefited from his job at Lovenest, and he says: "I never worked in our office because I keep my daily life."

Then there was the issue of funding the Ethereum Foundation. At Devcon 0, Dietz spoke openly with Buterin and Wood about accepting the Vapor funds. After returning to California, he began preparing applications for the $ 30,000 grant. According to his memory, Dietz spent 60-70% of the grant and Becze added the rest. One of those files can be downloaded here, and the website is apparently hosted by Dietz. Dietz could not confirm whether the documentation was the final version received by the Ethereum Foundation or an earlier version.

While not included in the grant information (which perhaps means this is not a final copy), both Dietz and Kumavis have declared a statement authorizing Dietz to pay. Specifically, Dietz said he is expected to receive 10% of the $ 30,000 funding for his program for the Vapor Project. for

For Dietz, it was like a fair price for the dinner he paid and the time he spent collecting donations. He said in a statement that $ 3,000 was "about what I spent on the project." He explains that these costs include the cost of flying to Devcon 0 before Vapor was created. It is estimated that a sushi dinner can cost up to $ 700

This is considered to be a concern for Kumabis. He did not understand why part of the donations had gone to one of the donors. He told Dietz: “He was planning to give more money to himself, not his salary. It was pointless. Kumavis quotes Dietz. Not 10%, but 15%. for

Are these benefits paid?

Again, this issue is controversial and is only closed by the Ethereum Foundation. Dietz says yes. The basis of his post was that Kumavis then received funding from the foundation to build the Ethereum wallet. This means that Kumavis has been rewarded for the work he and Becze have written. for

Dietz was surprised that Kumavis pulled out of the project, so he seems to think that was part of the trick. According to him, he found it removed from the Github subsidiary of Vapor and the Slack channel, formerly known as "Metamask". The previous experience made him think he had been kicked out the wrong door and said, "I think I can force myself to leave."

For Kumavis, this separation is less and less of a problem. He removed Dietz from Github and Slack from Vapor, but that was because Vapor didn't go anywhere. Because his co-founder was so indifferent and frustrated that things "weren't right", he decided to end the relationship and start over. He separately applied for a new grant from the Ethereum Foundation. It was this courier who received the gift later. In other words, the amount received is at your discretion. I do not see the version of the second grant application. for

Kumavis spent $ 30,000 to create a new project, MetaMask, from scratch. After running out of money, he was still working alone for a while, but he had no salary and no children, so he decided to hand the project over to Consensys. At the time, he was just a "bunch of stupid hackers" and he thought it was necessary. for

After joining Kumavis, the energy of the new project will be further enhanced. To do this, he turned to his friend and former Apple colleague Dan Finlay. The Finlay effects seem immediate and memorable. As Kumavis said, it's great that Finlay brought the fox logo to the project. Today is MetaMask's calling card. Commenting on the innovation of these efforts and their non-reliance on the Vapor code, Kumavis said, "Since we started from scratch, we had a wolf before we worked."

Now we can come to the other side and go back to the hot days of incredible truth. Death room. MetaMask appears under the ConsenSys banner and Kumavis, Dan Finlay and Joe Lubin define its future.

Context: the diversity of ConsenSys

In order to understand what has become of MetaMask, it is necessary to better understand the parent companies that adopt metaMask. However, ConsenSys did not make this description easy. Over the past seven years, she has modified her approach several times to accommodate changing economic trends and major changes in operations. for

Lex Sokolin, CFO of ConsenSys, described the different stages of the business and identified three different transformations. We will learn how these changes affect the development of MetaMask.

Step 1: Crypto Burner

ConsenSys, co-founded by Kumavis, is committed to being a startup that brings together tech professionals to provide financial support and decision-making to create all the needs of the cryptocurrency ecosystem. for

The mind creates a productive but less organized environment. As Sokolin points out, Rubin's helped 100 companies at that time in "some very loose ones". for

Mike Demarais, CEO of another cryptocurrency wallet, Rainbow, captured ConsenSys vividly, saying, "[it's] crazy. It's like a little paid Burning Man festival." And he hired a lot of people to work as sponsors. for

This suits MetaMask and annoys. for

On the one hand, Kumavis and Finlay can continue the project. At first, the team thought that MetaMask would be easier and faster to create. Sokolin said that "It has become a never-ending task, in a good way." If time passed or events narrowed, MetaMask wouldn't be as powerful. for

On the other hand, the laxity of ConsenSys means that the project does not see very little. Kumavis and Finlay are very smart, but they see MetaMask as a development tool, not a mainstream tool. Phantom Wallet CEO Brandon Millman previously worked with the MetaMask team while working on API provider 0x. He talks about this particular passion and the reasons behind it.

Obviously, this product was developed by one developer for another developer. This makes sense because most Ethereum users are early developers.

However, while this would provide insight into the focus on manufacturers and value-for-money in 2014, the lack of long-term plans for consumers is affecting MetaMask. . Today, many grievances arise from products without proper understanding. Most of these decisions appear to have been made for the first time. for

Step 2: Cut and Survive

After the success of 2017, cryptocurrencies plunged into winter for two years. Bitcoin traded from a high of $ 19,000 and fell to almost $ 3,000, while Ethereum fell from $ 1,400 to $ 84.

Inevitably, ConsenSys suffered serious injuries. Not only has the value of his holdings plummeted, but confidence in all cryptocurrency endeavors has vanished. Someone more knowledgeable and familiar than ever has said they see the incredible potential of blockchain, not cryptocurrency. for

ConsenSys turns out to work for untrustworthy people. Instead of pouring copious amounts of water on startups struggling to thrive with careful oversight, they are focusing on providing knowledge and support to large companies exploring the blockchain revolution. In the following years, banks, media companies, and the government turned to ConsenSys for advisory services. Sokolin said the company has worked with 10 central banks to provide information on digital benefits. for

But ConsenSys is not a picture of financial health. At the end of 2018, the company laid off 13% of its employees to improve its financial situation. MetaMask survived this time and established itself as an integral part of the process. In the same year, MetaMask recorded over one million downloads. This is not bad compared to the Y Combinator project abandoned a few years ago. for

Step 3: Segmentation and rationalization

From 2020, ConsenSys started to self-repair. To raise funds, the company is divided into two organizations: “ConsenSys Mesh” and “ConsenSys Software”. Everyone has their own goal. for

ConsenSys Mesh will function as an investment manager who will oversee the operation and funding of new businesses. for

"ConsenSys Software" will help the company integrate its core assets into more specific commercial products. Under this new banner are Infura Truffle, CODEFI, Stagecoach and MetaMask. The group will join the quintet in August 2020 after ConsenSys buys blockchain platform JPorgan Chase. for

To support the change, the company reorganized 14% of layoffs. At least as a good idea, it seems to be getting paid. ConsenSys Software released a funding round of $ 65 million in April 2021, followed by a return of $ 200 million in November. for

While it needs the help of the cryptocurrency gold market, the support from financial firms like Marshall Weiss and third parties also shows confidence in ConsenSys' new model.

For MetaMask, rearrangement brings logic. On the other hand, ConsenSys seems to be committed to promoting a true integration of six different forces. This advantage is also of significant theoretical importance when managing the salmagundi software. With fewer objects to focus on, you should be able to create real legs. for

Equally important, you will end up with more money. Not only is ConsenSys more profitable, but it is not necessary to allocate money to several products. As the star of the product market, including the improvement of the Infura platform, MetaMask will be the key. for

Such clarity comes quickly. The proliferation of MetaMask accelerated in 2021, making it one of the most popular blockchain applications in the world. ConsenSys must prove that it is a qualified administrator. for

Definition: what is a crypto wallet?

Before learning about the development prospects of MetaMask, it is necessary to identify the specifics of crypto wallets and what their users will get. for

Parsing web3 primitives is usually not easy, and an example rarely captures the entire image. With that in mind, let's use five examples to open a crypto wallet. Finally, we will know their role, their location and their importance in the ecosystem. for

1.A wallet is like a wallet.

2.The wallet is ... a bank account. for

Three.The wallet looks like ... a passport. for

4.Wallet is like ... a browser. for

5.Wallets are like… addictive objects. for

A wallet is like a wallet

This wallet, which is easy to encrypt, is named because it works like a regular wallet. It is designed to protect and use your money. Much like pulling out your trusted wallet from your local cafe, when considering purchasing NFTs on OpenSea, you need to access MetaMask. for

The portfolio is similar to a bank (or a FinTech application), but not all, and there are two main reasons.

1.Cryptocurrency wallets do not store assets. for

2.A crypto wallet can do more than just a physical wallet. for

Let's look at these. First of all, while wallets can still hold cash (with $ 10 crumpled up next to Metrocard), crypto wallets don't. No Bitcoin or Ethereum is stored in MetaMask. Instead, these assets are on the blockchain. An encrypted wallet key only manages a "private key" which is a secret password, and anyone can use it to manage your money.

Plus, it doesn't differ much from a bank account. When you launch the JP Morgan Chase app, enter your password and check your balance, you are not checking the balance itself, you are presenting it digitally.

The comparison will be more obvious if you want to open a project like Personal Capital, it shows you all the resources, but you have no responsibility for its management. The relationship between cryptocurrency wallets and cryptocurrency assets is similar. for

Second, you can do more in the bank than in a physical wallet. The physical wallet allows users to work efficiently on two commands: add and subtract. You can deposit (add) or withdraw (withdraw). for

Crypto wallets are different in this regard and like a bank account. Besides increasing or decreasing your money, you can use your cryptocurrency wallet to earn interest by entering into contracts, lending money, paying friends, or doing other activities. Although not used in portfolios, it is the mediators that help form these relationships. for

Just like you can use your Chase number to get a loan, you can also use your MetaMask number to get a crypto loan. for

The wallet is a passport

Web3 is the equal world online. You need to understand different concepts, different cultures, and different outcomes. You can be a part of the walletless cryptocurrency industry like MetaMask, but there are many areas that you will need to be involved in in the region. for

For example, if you want to use an exchange like Sushi, you need a wallet that you can deal with. One thing is for sure if you want to take advantage of the fun and dissatisfaction that Olympus offers. Buying NFT on OpenSea definitely requires NFTs, just like playing Axie Infinity, the world's most popular crypto game. for

Companies like MetaMask provide this type of access control. You can wave to share anonymously (or by name), but you can also send unique files, such as your NFT or Ethereum name, to tell you.The wallet is a passport that introduces the self and opens up a whole new world.

Your wallet is your browser

Due to the benefits of using cryptocurrencies, wallets are usually the starting point for cryptocurrency. For example, if you want to trade Luna and Ethereum, you can do so through MetaMask. Likewise, if you want to send money to a friend, you can start with a wallet other than Coinbase. for

This gives the wallet a function of energy. Like web browsers, the crypto wallet manages our past experience and interactions with the blockchain between us and the actions we take.

Your portfolio is your addicting product

One of my favorite abstractions comes from Sokolin. As explained, wallets are "magic products". The reason is that it's not just about money, but also about finances, relationships, art, and relationships.

For example, in my portfolio you will see:

some crypto-currencies. In general, Ethereum's position is close to fiat money. Use it to buy other perks and NFT, or pay for the fuel you receive using the Ethereum network. for

ethereum domain name. You will get mariog.eth from the Ethereum name service, the crypto name provider, and it will be used as an identifier on the channel. for

Some see NFTs. Of course I have Philosophical Fox and a few other NFTs.

generated token. Earlier this year, we announced the GENERALIST token as part of our crowdfunding, multimedia and NFT experiment. for

Some DAO tokens. As part of my study of DAOs, I added a few. I have tokens that show membership and administration fees.

It's a really nice combination and shows how well a cryptocurrency wallet can compare to its real world counterpart. To better understand how this combination fits, let's take a look at the MetaMask offering. for

Material: Works great but has its flaws

Although MetaMask is known for its customer service, it has two stakeholders: developers and organizations. for

consumer

Over 21 million people use MetaMask. Most are consumers. For these users, MetaMask uses 4 key features.

1.control. Users can view the tokens they hold and control their own keys. for

2.movement. MetaMask provides an interface that allows users to send tokens to others or move tokens from their account. for

Three.to buy. Users can use MetaMask wallets to purchase tokens or NFTs. for

4.cash. Recently added MetaMask allows users to trade tokens away from other exchanges. It turns out to be a huge source of income. for

5.symptoms. MetaMask allows you to review various business applications such as DAO subscriptions or NFT offerings. This is done by "signing", short for revision. for

MetaMask presents this functionality in two modes: browser extension and mobile app. The latter is a recent addition and is slated for release in fall 2020. Both are simple and very user-friendly. for

Let's take a look at the tours. First, here's what the MetaMask looks like in a browser. The fox symbol is in the corner, and upon entering, users can access a mini-portal that displays their balance and provides quick access to three key roles: Buy, Send, and Trade. for

A complete set provides more information and identifies the person.

Nias "to buy"" Users will be prompted to log into another encrypted portal and activate direct deposit mode.

According to "Here we are“You will be taken to an unreliable screen which you can use to redeem chips on your account or send them to another party.

You can click on your profile picture on the right side of this topic.View another MetaMask account.This way you can add another account, import an account or connect a hardware wallet. Although this is a small USB device used for the same purpose as Metamask, it is offline, so access capacity is limited. (In fact, you can lose it.)

Click "Exchange" to view a similar MetaMask exchange. Changing in price, wallets find where they can swap one currency for another at the best price. For example, you can trade SUSHI for ETH on an exchange and set a "slip tolerance" for how much exchange rate you can avoid. As mentioned, this little feature is unique and has received a lot of funding.

Finally, if you want to identify some aspect of the chain's business, MetaMask comes in. For example, if you go to OpenSea and try to buy NFT, MetaMask will show up asking you to 'sign' it and confirm the order. . for

OpenC et Metamask

Although powerful and unreliable, MetaMask does not look like a simple product and it is not a commercial product at all. Moving with cash seems a bit risky. MetaMask strives to make trading simple, but confusion over crypto content, maximum volume, estimated time, and data can be confusing even for users. You will have access to the affected data, but users will not be able to see the NFTs they have purchased. Other services offer more complete functionality.

Despite brewing for 7 years, MetaMask is still a far cry from Amazon's one-click transparent checkout.

This is only part of the MetaMask product. The frontend might not be great, but the MetaMask backend is great. The company has invested a lot in its architecture and has gone to great lengths to develop the best products. This craft has made MetaMask attractive to developers. for

the developer

The distrust of MetaMask customers may not be significant. More than we know, MetaMask is a major developer. for

Lex Sokolin mentioned it. While stressing that the team is focusing on key products to improve and strengthen security, he stressed that "the second priority of the team is the developer".

As he explains, MetaMask exists to provide cryptocurrency developers with easy access to consumers. The idea is to create a medium steering wheel. As more and more developers use MetaMask, the price of the products goes up and more and more consumers like it, attracting new developers. for

So far, this plan has worked very well. MetaMask has partnered with over 17,000 targets in the cryptocurrency market. for

To appear aesthetically pleasing to developers, MetaMask has developed usable documentation to make the product easy to use. This is the real meaning of segregation in the neighborhood. Coinbase, while there are a lot of them, there is no obvious. Francesco Agoti, CTO of Phantom, talks here about MetaMask's performance.

I think they are also very knowledgeable about designing and implementing development APIs in a way that is touted as a standard rather than a vendor. I also like that they use real security and open a lot of tools for security. for

Insurgents, which we'll talk about later, can be reached by giving users a better experience, but they're not as polished as the developers.

Measure

Earlier this year, MetaMask announced the following key measures to support home users, including fundraisers, developers, and marketers: A basic interface similar to a product marketing tool, but post-crash , MetaMask added security, storage and trading capabilities. for

In terms of security, MetaMask seems to use Codefi, one of the ConsenSys brothers. ConsenSys has been criticized in the past for creating many separate products that are difficult to communicate with each other, but this one seems to work together and Codefi's "reliable and automated compliance" supports the MetaMask (MMI) organization. for

On the hosting side, MetaMask works with hosts such as BitGo, Cactus and Qredo. If you want to strengthen your product, you have to add other big companies. for

Finally, Metamask's business website says that a simple conversion process will make operations easier and lower exchange rates. for

In short, this seems like a solid first attempt to provide services to large companies and builds on the strengths of MetaMask. ConsenSys is deeply thoughtful and has developed the reputation and collaboration of large organizations and should be able to leverage these relationships for the benefit of MMI. for

Traction: Supersonic Metamask

No functionality of the MetaMask product should be included with the appropriate content. There is an opportunity for the team to be by your side, but there has never been a better working model underneath. Additionally, over the past year MetaMask has experienced rapid growth in scale, which will affect smaller departments. for

In just one year, the number of monthly MetaMask users has increased by 2,100%, from 1 million to over 21 million. This is good news, but it's hard to imagine how heavy the load will be on the MetaMask system and its administrators. for

Commenting on the MetaMask flaw, Sokorin said with a smile and frustration, "People should be happy about this. It's a heavy burden on the team."

The increase in MetaMask has not only affected usage, but the company has also increased revenue rapidly. In October 2020, the team announced the announcement of the “swap” feature. As mentioned earlier, Swap allows users to exchange values ​​and MetaMask trades on a separate exchange. In return, MetaMask deducts 0.875% of the value. for

He has proven that this is a very moving question. Despite paying a price that some people think is "too high", MetaMask has been very successful in exchanging money. Research firm Delphi Digital has announced that MetaMask's revenue from this specialty will reach $ 200 million by 2021. By comparison, popular DeFi-like products like Sushi only cost $ 70 million in one go. for

Delphi Digital has provocatively ended the revenue analysis of MetaMask.

Now think about it. The Metamask Customer Value (CAC) is insanely zero. Since Metamask does not have a sponsorship or release, it costs very little to earn. Their income is close to 100%. Think they have tokens.

This information is not out of date. MetaMask has tried many token launches throughout its history. Recently, Joe Lubin announced a request for a $ MASK token on Twitter.

Does tokenization make sense for MetaMask?

It might not sound like big, but on the other hand, MetaMask doesn't present the public with a clear idea of ​​what functionality the token will provide. Previous discussions have clarified which tokens users can vote on for a new feature called “token-weighted backlog”. According to Demarais, this is "the most valuable insight" for such work.

There is also a risk that the tokens will add heat for a short period of time. In our OpenSea discussion, we explained how Rarible's $ RARI token can temporarily control the NFT store, but it doesn't last long.

no tokenOpenSea responded more to the needs of consumers to be strong, focused on the product and complement it. As Demarais pointed out:Owner tokens do not mean winning. it can improve your skills."

After 18 months of rapid price improvements, it looks like MetaMask needs a reboot, not the company is angry. The CEO of Phantom Millman mentioned the following about the potential $ MASK token:

Personally, I am a little skeptical. Now all MetaMask needs to do is focus on improving its main product. The wider introduction of “communities” in some governance processes will only lead to slower and more regenerative growth. I think we all agree that it takes more cycle to properly use wallets.

Overall, MetaMask hailed the survival of the 2021 superdrive and made a lot of money. But first, you have to adapt to the new challenges. for

Future: where is the wallet going?

No market changes faster than cryptocurrency, and it trades profitably every day as new businesses, technologies, and finances continue to evolve. We were in the first minutes of the first game and we had more crazy days than behind us. for

This means, by definition, that crypto wallets are in their babies. They are not supported by digital technology and are not designed to share data. This change involves both risk and time. for

Four direct impacts can be expected from the exchange of wallets in the web3 arena.

1.There will be more competition. for

2.Adoption will be required. for

Three.Demand on the network may increase. for

4.There will be many more uses. for

Each will affect the future of MetaMask. We will present these packages and carefully consider the current position of market leaders. for

greater competition

When MetaMask came out in 2016, it had the advantage of being in an extremely low-key environment. Years later, others joined in, but no one has succeeded in destroying MetaMask, the most used site. for

As well. Competitors have emerged from several angles, existing customers have joined wallet services, and protesters are hoping to take advantage of the MetaMask gap. for

Coinbase is the most obvious participant in the first category. Cryptocurrency exchanges also have similar wallet applications in the design of their commodities. Coinbase Wallet supports NFTs and links to major exchanges to streamline trading processes.

It's user-friendly, but I don't think Coinbase seems to be the winner on this site, at least for everyone but most users. When MetaMask put together several Swap exchanges and found the best value for money, Coinbase had a little push to make the research worthwhile. This is just one example of how company assets can be limited to the use of the wallet. for

Jack Dorsey's bloc, which was only called Square this week, could face a similar problem. Although Block has yet to launch the wallet, there are rumors that it is developing a wallet in the Bitcoin arena backed by the Spiral sub-brand. While the Bitcoin concept is more like any other competitor, it is possible for Spiral or similar organizations to enter the Ethereum-centric world governed by MetaMask. Likewise, accessibility is good, but real users may be frustrated with the underlying power Block provides to its crypto exchange services.

Decentralized exchanges and other crypto projects play a role here as well. According to Rainbow's Demarais, Uniswap and Aave can launch wallets. In his view at least, these organizations would address the same problem of using portfolios as a means of promoting businesses other than specialist organizations. for

This marked the start of many works, of which Rainbow was the most popular. For Demarais and his team, the scenario is simple. It's about creating a portfolio that the average consumer can use and providing the new knowledge needed for training and support. for

Phantom uses a similar method, but with a different one. Millman and Agosti decided to support the Solana insurgency instead of the Ethereum ecosystem. for

Today, Phantom is the number one choice for Solana users, and this approach really works. According to the group's most recent data, Phantom has 1.5 million monthly users, with 100,000 new updates per week. Received $ 9 million from Garry Tan and a16z. for

Silver is another recipient with $ 16.2 million in funding from large companies such as Paradigm, Hummingbird, and Index. Argent has focused on the Ethereum ecosystem and provides easy access to 20% APY on DeFi protocols such as Aaave and Compound. As an investment, Silver has the characteristics of good security and a solid design by consensus. for

There are other participants who need a more in-depth discussion in other languages.Trust, Pillar, Dharma, Position, Instrument, Torus, WalletConnect(SDK), etc., play an important role in the ecosystem. Additionally, there are many jobs that write content without warning. for

If there's one site that's growing fast enough to accommodate multiple winners, it's encryption. However, while this strength means MetaMask doesn't care about competition, the location of the blockchain makes it easier to transition to new vendors than other markets. Since all data is stored on the channel, users can easily swap a wallet for other things without losing any content. As Demarais said, the "sell out" is a win-win for consumers, but it lowers the protection of actors in this space. Since many operations are open spaces, they can be bifurcated and rewritten, which is exacerbated by the fact. for

Overall, due to the strength of the crypto space, MetaMask can face multiple competitors and onboard users with ease. for

saws dav

The main reason why MetaMask faces so many competitors is that crypto has become vital, bringing in a new wave of users including consumers, organizations, and developers. for

Let's look at consumers first. Three years ago there were around 31 million cryptocurrency wallet users, but today they are almost 80 million. for

statistics

Compared to the use of other technologies, this number is still low. In 2018, the World Bank estimates that 3.8 billion people entered the traditional banking system and now have 4.6 billion active internet users. Do we see any similarities between crypto wallets? for

No matter how high it is, players in this field are supposed to attract a large following. MetaMask has an advantage in this regard. This is the known name. The product is not perfect, but it is an easy service provider. "It has become a company. It has become a brand. It is our challenge," said DeMaret.

To replace the MetaMask, Rainbow has a counter function. While MetaMask looks unfamiliar and useful, Rainbow has a variation and dialogue color. This is combined with high quality mainstream sound and collaboration. Recruiting clients, Jackson Dame, Rainbow Community Manager, says:

The future of Web3 and its 100 million future users will require more apps and a better experience. I don't think many people in the ecosystem will use this term to describe a metamask.

It might not be too late for MetaMask to catch up. The company needs to have enough dry powder to hire a good designer, and if you can trust them, there will be enough space to do the best job. Part of the challenge will be that the MetaMask approach is complete and as a developer the product market is known to be a real change. for

According to Demarais, "MetaMask won't be an app on my sister's home screen." Kumavis, Finlay and Lubin hope this is wrong. for

As mentioned earlier, MetaMask isorganizational aspectThe work seems to have improved a lot. The long history of the company seems to be gaining momentum. Demarais said of starting to work for home consumers: “I think he's very smart… [MetaMask] The fact that [MetaMask] hasn't changed in five years is pretty cool, and that 'is good [for the organization]. ".

pair of productsthe developerThe historical interest must be significant. Products like WalletConnect make it easy for developers to integrate multiple different wallets at the same time, but MetaMask is usually the first port of call when adding functionality. As of now, the team doesn't seem to have focused specifically on the consumer revolution, but Kumavis and Finlay are the best in the world at understanding what developers want next. for

Although Demarais is proud of the potential of MetaMask, writes that "I believe in MetaMask as a development tool."

But Phantom's Agosti didn't think that was enough to win an election. In his discussion of site protection, he said the following:

The wallet has a vicious cycle and there are many network issues. Manufacturers combine popular wallets and manufacturers create apps that entice users to make their wallets more popular. Unsurprisingly, recruiting manufacturers has played a major role in the development of portfolios such as MetaMask. Users do not download MetaMask using MetaMask, but download MetaMask factory or purchase NFTs. for

Users and developers alike will benefit the most from this value cycle, which can win hearts.

multiple network

A year ago, Solana was trading at $ 1.80. At the time of this writing, the cost is just under $ 200. This positive increase is just one sign that the project is gaining momentum. In the years to come, we will see many more repeat Solana's journey. For example, you can choose Ethereum as one type of interaction, Bitcoin as another type, Solana as three, and Terra as four.

This spread affected MetaMask and other wallet designers. The truth moves on and on. Do these companies have to follow the realities of several networks and measure their products? Or is it better to double the effort and expertise to create a rich design for your network?

Adding new channels takes a long time. Sokolin said: "It is very difficult to add new channels", depending on the type of industry, a certain level of knowledge has to be exchanged on different networks, and this training will take time. for

However, if modern users are swapping different strings, it wouldn't make sense to do so. Francesco Agosti has carefully addressed this issue.

If you have multiple chains with similar products (number of users, number of exchanges) and those chains have similar uses, I think more bag money is a better experience. If there is a significant difference in how the chains work, their root users, or the users they provide ... the answer is uncertain. Multi-wallet wallets will find it difficult to compete with wallets that target the specific channel market in particular.

Currently, MetaMask supports Ethereum and its ecosystem. For now, you don't have to do anything else. However, if projects like Solana and Terra are to be successful, they must increase their capital. for

use more

The idea of ​​an international portfolio is gradually disappearing. As more exchanges and interactions occur on the chain, the product can be passionate. There are also wallets that have won in certain niches.

Jackson Dame explained how Gnosis Safe has become "the de facto option of almost all DAOs looking for self-regulating assets." The multisectoral signature capacity makes it particularly suited to DAO public finance standards. for

A similar pattern can be seen in games. There are also wallets that are guaranteed to support this area thoroughly. Wombat is an example. The extra cash for blockchain games and the rich NFT support have attracted nearly a million users. for

At the same time, many sub-sectors may need help. Agosti has once again encapsulated the potential.

There could be a huge wave of cryptocurrency use over the next five years and all the wallet markets will take it to the next level ... People will definitely be the ones who benefit the most from this wave or create their own. own wave. .

MetaMask shouldn't expect to catch all of this, but you'll want to keep it from being washed ashore. So far, this company is not the fastest or the fastest supplier. for

At the end of "The Dark Knight", Gotham is in chaos. Angered by Rachel Dawes' death, a local friend, District Attorney Harvey Dent, began to harass her until she stopped when a Bruce Wayne jacket pushed her to the brink of death. To protect the city from mental illness from exposing Dante as a murderer, Wayne worked with Gotham City Police Gordon to come up with a plan. Batman falls and is responsible for Dante's crime. Gotham sleeps better, believes in morality and kindness, and has no water. for

The film ends with a conversation between director Gordon and his son. When his son asked Batman why he had run away doing nothing wrong, Gordon explained, “Because he was a worthy hero of Gotham City, but not the one we want right now.

MetaMask is a crypto hero. For more than six years, this team has worked to create products that are not only beautiful but good. It is an important principle to be reliable and reliable. With this, MetaMask released web3 for tens of millions of users and thousands of developers. Demarais described the company's partnership. "Without MetaMask, we wouldn't be here."

Such an important event deserves respect and reward. However, that doesn't mean the public opinion vortex is in favor of MetaMask. As more and more consumers step into this space, they can expect a level of finish and design that ultimately doesn't exist. Until this difference is actually resolved, there will be complaints of one sort or another. for

MetaMask may not hurt. It has endured much testing and backlash against changes in the structure of the parent company and skepticism in the cryptocurrency market. As President Gordon said of Batman's craziness, "he can wear," if there's one company that can stand out but can still help, it's Metamask. He might not have liked it, but he got it.