How to Install Metamask
Blockchain is the emerging new technology of 2022. The rapid growth of alternate digital currencies over the past year has captured the attention of everyone, from ordinary investors to major financial institutions. Consequently, demand and the value of major cryptocurrencies like Ethereum and Bitcoin have skyrocketed.
Apart from cryptocurrencies, the most prominent application of blockchain technology is in the emerging world of NFTs. NFTs stand for non-fungible tokens. It provides an easy, secure way of giving a unique identity to any digital object. This means that digital artwork can now be uniquely tokenised and, therefore, traded on markets. You can read more about NFTs here.
NFTs have transformed the digital art industry from a niche market into a giant global industry valued at over 40 billion dollars. Several NFTs have sold for millions of dollars, and the solid secondary market created by the NFT projects ensures that the market remains active.
NFTs also represent a tremendous investing opportunity. Anyone with a computer can easily mint an NFT and gain popularity with some innovative marketing. Below, we’ve detailed the easiest way to get started with NFTs.
Installing Metamask
Before you can trade NFTs, a crypto wallet is necessary, which will act as a store for all the tokens that you own. The most popular and convenient crypto wallet is Metamask.
Step 1: Go to the Metamask website.
Step 2: Click on Downloads, and scroll down to find the chrome extension.
Step 3: Click “Add to Chrome” in the upper right.
Step 4: Click “Add Extension” to complete the installation.
You will know Metamask has been installed when you see the fox logo on the upper right-hand corner of your browser.
Using Metamask
One of the first tasks you will want to do on Metamask is to install a wallet (or “vault”, as Metamask calls it) to hold your cryptocurrencies. To do this, follow the instructions below.
Step 1: Click on the Metamask logo in the upper right-hand corner of your Google Chrome browser.
Step 2: Read and agree to the terms and conditions. You may have to agree to 2 to 3 pages worth of terms.
Step 3: Enter a password and click “Create” to create your wallet.
Step 4: You will see a set of 12 “seed words” for your vault. These words form your Secret Recovery Phrase, making it easier to restore your account.
Step 5: Click “I’ve Copied It Somewhere Safe” once your seed words file has been secured. You’ll be taken into your Metamask wallet!
https://www.youtube.com/watch?v=OJqaZRpRqXM - you can refer to this helpful video if you get stuck.\
What Next?
Now that you’ve successfully created a wallet, you can start trading NFTs. However, before you can do that, we recommend adding the scaling network to the wallet. Due to a high influx of new users, the Ethereum network has become increasingly slow in recent times, and transaction fees (fees paid to the network for processing your transaction) have also risen.