The Wire Network announced on Tuesday the launch of MegaMask, a wallet that seeks to redefine the standard for cross-chain interoperability and asset transfers.
Users can easily store, display and transfer NFTs, cryptocurrencies, and other digital assets from different blockchains in a single wallet.
Megamask leverages the new Universal Polymorphic Address Protocol UPAP which allows cross-chain transactions without the need for a traditional bridge to process the transfers.
Ken Dicross, CEO of Wire Network, said that this is a pivot point in the development of a digital ledger, as we step away from the vulnerable fragmentation of traditional criptocurrency architecture.
The ease of use of Web 2.0 applications is preserved by the 0 technology.
Kyle Dolan, CTO of Wire Network, said it was challenging but we were able to maintain the tight security protocols required by web 3 users while offering a Web 2.0 style onboarding experience for new users.
While most mainstream wallets allow you to view, transfer, or trade assets on any modernBlockchain, MegaMask will allow you to use a mobile app, a web app, or a browser extension to act on any of the assets stored on the Ethereum network or other ERC-20 token.
This innovation is only made possible by our breakthrough protocols which we expect to be adopted by the entire industry, Dolan said.
Megamask's additional feature set includes Decentralized RPC through Peer-to- Peer self-validation, Nameservice registration and private messaging between followers.