“Your connection to the new web” is how MetaMask , a cryptocurrency wallet and access to blockchain applications, is described . If you wonder how you can configure a tool like this, then we will tell you. You will be surprised how simple it is.
The platform is available as a web extension for Chrome, Firefox, Brave, and Edge, and as a mobile app for iOS and Android. NFT Development company It also has the support of more than 21 million users around the world.
You don’t need cryptocurrencies to start using MetaMask, however, by adding some of Ethereum, mainly, it is possible to invest, trade, play and own unique digital items, for example. To obtain funds from here, you have the alternative of buying ETH with a debit card or Apple Pay.
What is NFT and what implications does it bring to the digital world
The Swaps function, which allows the exchange of tokens, combines data from different actors in the decentralized market with the idea of guaranteeing the best price.
Regarding security, you will be asked to create a recovery passphrase in the initial setup of your wallet, which it is recommended that you store in a secure place, such as a password manager . “It is the only way to recover your funds in case your device crashes or your browser restarts”, explains from the service.
How to configure MetaMask, your cryptocurrency wallet?
First of all, download the MetaMask web extension. First steps. Once the extension is added and executed, a welcome page is displayed. Click Get Started , and then follow the process to set your recovery passphrase (you’ll be prompted to enter a new password of at least eight characters beforehand). You can download the phrase with the intention of saving it on an encrypted external hard drive or storage medium. Access to your account. Once your “master key” is confirmed, you will access your wallet, which has the novelty of making transactions easier to read, according to MetaMask. The main interface of your account highlights the amount of ETH you have and buttons to Buy , Send and Redeem .
Main interface of a MetaMask wallet, a cryptocurrency wallet and an access to blockchain applications. In the icon that represents a circle in the upper right, you can import another account to access the general settings, in which it is possible to set the main currency of your choice, NFT Development services between ETH and fiduciary, and change the language, among other options. .
From TNW it is noted that there are discussions about the disadvantages of the platform, some related to security risks, however, it is highlighted that it is one of the easiest wallets to configure. NFTs are the modern day versions of the trading cards of the past. They are called non-fungible tokens , because they are unique cryptocurrency units that cannot be replicated. And since these are exclusive digital objects, they could one day be worth millions of dollars. In fact, the first ever tweet , Nyan Cat — the GIF of a cat with toast — and the viral video Charlie bit my finger have already been topped in this format.
Tokens are created as unique and exclusive blocks on the seller’s chosen platform chain. This string also stores the ownership of the file. Although there are different alternatives, most transactions are made with ether, the native cryptocurrency of the Ethereum network .
