"The elves in our workshop are finishing up the collectables component of Extension to mirror our mobile app," MetaMask's official Twitter account stated on Tuesday.
Oliver Carding, a cryptocurrency expert and blockchain consultant, commented on the announcement: "Non-fungible tokens (NFTs) aren’t just for CryptoKitties anymore... this is obviously an extremely positive development for the adoption of digital art."
NFTs are an emerging class of crypto assets that are compatible with the Ethereum blockchain. NFTs identify unique digital items, including physically-representable objects like art or cars, immaterial tokens such as video game items or cryptocurrencies, and collectible cards. Just two months ago, the world's largest cryptocurrency exchange Binance launched an in-house incubator for blockchain projects that will focus on NFTs.
Accounting giant PricewaterhouseCoopers (PwC) is also getting into the game, with teams of specialists working on blockchain solutions aimed at digitizing assets ranging from intangible assets to real estate.
On Friday, an Ethereum improvement protocol for ERC-721 tokens designed to process multiple items in a single transaction was introduced into the platform's GitHub repository.Last week also saw another notable development as two Ethereum-based decentralized app (dapp) interoperability protocols - 0x and Wanchain, announced their intent to collaborate on cross-chain dapp infrastructures.