Thread by @resdegen

1/ It Is Finally Live!

#NEAR is now compatible with @MetaMask 🔥🔒

Thus, NEAR becomes the first non-EVM chain to offer MetaMask compatibility through a smart contract called #NETH, developed by @proximityfi

Thread on how NETH works 🧵👇

2/ #NETH is a smart contract that enables your Ethereum address to remotely control your paired NEAR account via signing transactions.

NETH is deployed on the NEAR side and allows you to directly interact with NEAR dApps using most Ethereum wallets, such as MetaMask

3/ #NETH accepts transaction details (payload) & the signature from your paired Ethereum account. The contract

1. verifies the signature from the ETH account
2. recovers the ETH public address and
3. executes the transaction if it matches the address from the initial NETH setup

4/ Check out this quick video by @mattdlockyer on how easy it is to interact with NEAR dApps using MetaMask.

All you need to do is connect NETH and sign transactions.

5/ #NETH features:

• Open source
• Entire process is non-custodial: you are in charge of your keys the whole time
• The NETH Account setup flow is entirely client-side: it runs on your computer only and isn't communicating with a server or third party

6/ Setup Process for Users:

You can create an account on neth.app

1. Connect your MetaMask
2. Choose a NEAR Account ID and create account
3. NETH Account creation costs 0.5 $NEAR that you will need to send to the temporary account that pops up

Done

6/ For a more detailed tutorial on how to create an account, check out this video:

7/ The 0.5 $NEAR tokens are used to pay for the account name, access keys, and contract storage.

However, we are working on reducing this amount to improve the onboarding experience.

Anyways, Zero Balance Accounts should be here soon.

https://twitter.com/PagodaPlatform/status/1600144116578283520

8/ For dApps on NEAR:

NETH is whitelisted on NEAR's Wallet Selector.

Projects on NEAR only need to integrate the Wallet Selector and NETH will show up as one of the default options.

9/ Today, you can find NETH live on NEAR's Wallet Selector plugin on dApps such as @finance_ref and @burrowcash, with many more to come

10/ This is a great step in wider adoption since NEAR is now accessible through the most widely used non-custodial wallet in crypto, removing the entry barrier for EVM users to enter the NEAR Native ecosystem.

11/ Full Medium article by @proximityfi can be found here

medium.com/nearprotocol/i…

12/ If you enjoyed it:

- Follow @resdegen and @proximityfi for more updates
- Follow @mattdlockyer, the Lead Dev behind #NETH. Gigabrain 🧠🫡
- RT the main tweet to raise awareness! 🙌

https://twitter.com/resdegen/status/1604889548936294400?s=20&t=iUIG-9yRnNGqd7MZHPt5AQ