Metamask - Is It Really A Wallet? | HackerNoon

late 14c., “bag, knapsack,” of uncertain origin, probably from an unrecorded Old North French *walet “roll, knapsack,” or similar Germanic word in Anglo-French or Old French, from Proto-Germanic *wall- “roll,” from PIE root *wel- “to turn, revolve.” Meaning “flat case for carrying paper money” is first recorded in 1834, American English.

As we see, the meaning contains a use case — to carry paper money. Not much has changed since then, as we use it mostly to hold our fiat money. However, things are going to change dramatically in the years to come as we are approaching the era of CBDCs, digital money and a cashless society. The era of modern slavery, one might say.

The additional use case of Metamask is authentication. What does it mean? It means you can access certain sites or engage in different activities like DAO voting, with the use of a crypto wallet, by signing a transaction, providing you are eligible to cast a vote or access certain pages. The closest analogy from the real world will be using Metamask as an ID card, proving our identity with all the privileges and entitlements in the digital world.

The last use case of Metamask is manifesting your identity and personality. Along with the NFT hype in the recent bull run, we came closer to the Metaverse, where having a digital identity will be as important as having one in the real world. Let us imagine having a backpack with lots of pins and badges or seeing a car with lots of stickers varying from the purely artistic ones to those manifesting our beliefs, interests and even events we have been to. On the basis of such pins and stickers only, we can tell a lot about people by looking at the manifestation of their identities and personalities to the outside world. Having seen someone wearing a T-shirt with a Sharingan print, I might offer such a person a cup of coffee.

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