How the New MetaMask Multichain Account Works?

MetaMask , a prominent crypto wallet platform, has taken a significant step towards blockchain interoperability. With the launch of the MetaMask multichain account, users are now able to manage multiple addresses across different blockchain networks from a single account.

It is important to note that this change represents a significant evolution from the previous model of one wallet representing one address, allowing users to easily manage EVM and non-EVM networks. This improvement will allow for a better user experience, a simplified system, and an increase in blockchain adoption networks.

MetaMask Multichain Launch: Key Details

According to recent reports , MetaMask has launched multi-chain accounts to let users access Ethereum , EVM layer-2 networks, Solana, and potentially Bitcoin addresses in the future. According to the platform’s official statement,

“A multichain account houses multiple addresses across networks. It will be the default account in MetaMask from now on…This means fewer accounts to manage, less switching back and forth, and easier cross-network activities.”

As per the wallet, addresses created before this major update would remain accessible, with existing Ethereum and Solana addresses paired chronologically. The platform further noted,

"If you did create Solana accounts in the past, they'll be 'matched up' with an EVM address chronologically and auto-adopt the EVM…If you do have more Solana…than EVM accounts, new EVM addresses will be created to 'match up' and auto-adopt the Solana account name."

Why MetaMask Multichain Account?

Significantly, the MetaMask multichain transforms how users handle their blockchain assets. This new functionality allows a client to manage multiple addresses across different blockchains, which is a significant paradigm shift away from a one-account-one-address system. With the new structure, accounts can be aggregated, and a user will now be able to easily manage Ethereum, EVM layer-2s, Solana, and, in the future, Bitcoin, all from one profile. This substantially improves the user experience and interoperability of the platform.

This update provides clients with a faster experience, and other advantages like profile management, network switching, and cross-chain transactions are simplified. The centralization of account management means a user no longer needs to constantly switch accounts and networks, offering a more effortless user journey through the land of blockchain

MASK Token Launch

Interestingly, this development comes on the heels of rumors suggesting the imminent launch of the MASK token. A rumored claims portal for MetaMask's anticipated token launch went live online, sending waves of speculation through the crypto community that the MASK token might be just around the corner.

Initially, the website featured a password-protected page with no functional claims process, but it now redirects users to MetaMask's official homepage, adding to the mystery and anticipation.

Recently, Consensys CEO Joe Lubin hinted at the potential launch of the MASK token, stating that the debut will be “sooner than you would expect.” He further confirmed the proceedings, asserting that the company is working “very actively” on the token.