This latest addition brings a cutting-edge on-chain two-factor authentication (2FA) feature to MetaMask users, marking a notable advancement in digital asset security.
This feature, built into the sharded MultiversX blockchain protocol, enhances user protection by adding a secondary layer of security. This on-chain 2FA solution is designed to safeguard assets even if a user’s secret phrase is compromised, addressing a critical need in the evolving landscape of Web3 security.
The MultiversX Snap integration not only improves security but also facilitates seamless access to the MultiversX ecosystem. This development allows MetaMask users to explore the platform’s advanced features and innovations without complex migration processes. The integration aims to enhance user experience by offering robust protection against cyber threats while maintaining ease of use.
Despite the rising threat of phishing scams, which saw over 324,000 users affected in 2023 alone, MultiversX’s Guardians have proven their effectiveness. An example of their resilience was demonstrated through the EGLDHeist initiative, where a publicly shared wallet with a compromised seed phrase remained secure, illustrating the effectiveness of the on-chain 2FA system.
This solution enables MetaMask users to benefit from enhanced protection without needing to manage new seed phrases or additional wallets.
