MetaMask to Donate $150,000 to Zcash for Shielded ZEC Development

The Zcash Foundation announced at the Zcash Community Forum that the Zcash 4 Grants Committee approved a key proposal at its latest meeting aimed at expanding the Zcash ecosystem. This expansion will be achieved by creating and providing a browser-compatible library with the necessary primitives for online wallets and browser plugins. This breakthrough is a significant step for Zcash as it highlights the ongoing efforts to improve the functionality and accessibility of ZEC, especially in the world of online applications.

MetaMask, a popular Ethereum-based wallet, has shown its support for Zcash by donating $150,000. This financial assistance is primarily aimed at helping develop the MetaMask Snap, which will enable the use of Shielded ZEC. The inclusion of Shielded ZEC in MetaMask marks a major milestone for the privacy-focused cryptocurrency, as it will allow users to conduct transactions with enhanced privacy features directly through their MetaMask wallets.

The popularity of ZEC, Zcash‘s native token, in the market reflects the excitement generated by the development. The token’s impressive price rise serves as a testament to the enthusiasm of Zcash investors and supporters. ZEC recently became one of the top five gainers of the day, up 12.50% in the last 24 hours to $41.32. The growing surge is part of a larger bullish trend, with ZEC up more than 28% in the last week.