MetaMask has expanded its offerings by including native Bitcoin support, SegWit capability, and enhanced multichain swapping features, reinforcing Consensys’s ongoing commitment to Bitcoin Layer 2 integration and user rewards.

  • Users can now buy, transfer, and swap Bitcoin, alongside Ethereum Virtual Machine (EVM) assets and Solana tokens, with native SegWit support already in place and Taproot expected soon.
  • MetaMask users will accumulate Rewards points when swapping for BTC, part of a larger MASK-style incentives initiative that aligns with Consensys’ plans for an IPO-backed Linea network.
  • This development is a pivotal step towards a multichain framework, enabling users to bridge EVM and non-EVM ecosystems while exploring various Layer 2 solutions like Lightning and BOB.

In a significant update, MetaMask has introduced native Bitcoin support within its cryptocurrency wallet, allowing users to purchase Bitcoin directly with fiat, conduct on-chain transfers, and swap Bitcoin for both EVM-native assets and tokens from the Solana ecosystem. This was recently announced by the company, marking an important development in its service offerings.

MetaMask Enhances Multichain Capabilities

This latest feature is part of MetaMask’s comprehensive strategy to extend its multichain capabilities, following successful past integrations with Solana and other non-EVM networks through its innovative Snap technology. Currently, users can transact with native SegWit addresses, with plans to support Taproot functionality in future updates, as stated by the company.

As a key unit of Consensys, the Ethereum development studio, MetaMask is also rolling out several additional features, such as an on-ramp for Polymarket, its mUSD stablecoin, and in-app perpetual trading powered by Hyperliquid. Notably, users swapping into Bitcoin will gather MetaMask Rewards points, which are slated to be part of an extensive MASK rewards program valued at over $30 million, associated with LINEA tokens.

These advancements correlate with Consensys’s preparations for an initial public offering and continuous investment in the Ethereum Layer 2 project, Linea. Reports indicate MetaMask’s keen interest in facilitating Bitcoin Layer 2 solutions, including advancements with BOB, Lightning Network integration, ordinals, and BRC-20 tokens, underpinning its commitment to support a myriad of blockchain ecosystems.

The incorporation of Bitcoin functionality reflects an increasing demand for comprehensive multichain wallets that merge major digital assets with robust on-chain capabilities and attractive rewards programs. MetaMask’s future roadmap indicates a series of improvements designed to further connect EVM and non-EVM networks, enhancing user experience across different blockchain technologies.