What’s the Hype About Metamask? – What the Web3 Community Should Know


What’s the Hype About Metamask? – What the Web3 Community Should Know

As we advance in our Web3 journey, it would be expedient to define important terms that make up this new ecosystem. One of those terms, as well as the most frequently asked question by people in the Web3 community, is “what is Metamask?”

Metamask is a decentralized mobile wallet that affords users the chance to safely store their digital assets, such as crypto and non fungible tokens (NFTs). To ensure added security, the Metamask wallet has a built-in web3 browser that fosters secure transactions like swapping, staking, and buying and selling of tokens.

Why is Everyone Talking About Metamask?

You might be wondering why a lot of people and web3-centered communities are talking about Metamask with so much enthusiasm. This is because the wallet allows users to interact with tons of decentralized applications (DApps), decentralized finance (DeFi), and lots more. Moreover, Metamask is a simpler option to opt for among Ethereum wallets and DApps browsers. You can also install it as a browser plugin to enjoy seamless transactions.

Metamask Features that Make it Stand out

Before you download and install the Metamask crypto wallet, wouldn’t it be nice to know why you need to have it as your go-to application? Let’s examine some of those features that make Metamask an industry-leading leader in wallets.

  1. Convenient To Use

Metamask makes it easy for new users to find their way around most of the features 

  1. Top-notch Security

Think of a highly secure crypto wallet and you have Metamask. If you’re paranoid about adding another application to your collection, rest assured Metamask will clear your doubts about security. User information is grafted into the browser to prevent breaches from hackers.

  1. Factory-fitted Crypto Store

Being a traditional Ethereum-based wallet, it supports cryptos that are built on the Ethereum network.

  1. Your Keys, Your Asset

Metamask users have full control over their assets, unlike people who use centralized wallets or exchanges. This is true as long as their private keys are still in good shape.

Start Using Metamask: How To Set Up Your Wallet

We have provided below easy steps to set up your Metamask wallet.

  1. Download the App

For Android or iOS users, head over to the Google Play Store or Apple Store to download the Metamask wallet. Users with either a Mac or a PC can easily add the Metamask extension to their Firefox or Chrome browser.

  1. Create Your Wallet

Right after installation, proceed to create your Metamask wallet. Follow the prompts to create a new wallet. If you are already a user, you can use your security phrase keys to get your wallet back.

  1. Protect Your Wallet

The next step involves creating a unique password to protect your wallet. Ensure that your password is secure and hard for others to guess.

  1. Save Your Key Phrase

After successful password creation, a 12-word phrase will be provided to you. Ensure you keep it safe at all times, as this will be your entry ticket to access your digital assets. Losing your key phrase means your asset is not retrievable.

  1. Enjoy Your Wallet

The final step to creating your Metamask wallet is to click on the “all done” button, and voila, you have your wallet ready for use.

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