MetaMask is an online web3 wallet for managing, transferring and receiving ETH, and ERC-20 tokens. They also support Binance Smart Chain BEP-20 tokens and even allows trading on layer 2 solutions like Polygon, making it highly versatile. MetaMask’s seamless integration with most DeFi DApps makes it the most widely used wallet. MetaMask is available as a mobile app on Android and iOS. It also operates as an extension on different desktop browsers like Chrome, Firefox and Brave. The installation of MetaMask helps in bridging the gap between a normal browser and the blockchain platform. It is a easy-to-use web3 wallet and DApp browser that allows crypto newbies to take their first in the world of DeFi.
This is a short guide to a few terms you may encounter when researching NFTs. Stay tuned to GWOPMagazine.com for more updates on NFT, crypto and blockchain news.
A quick smart guide to starting your digital asset collection
Crypto Bzy Punk Available on OpenSea.io
From Crypto Bzy Punks to Crypto Monks, NFTs have been the biggest crypto story of 2021. And even though NFT markets aren’t exactly easy to use… buying your first digital collectible isn’t hard — it just takes a little guidance.
Here’s how buying an NFT works:
You’ll need an Ethereum-compatible crypto wallet and some ETH to get started. Buy some ETH from an exchange like Coinbase and send it to Coinbase Wallet (which is separate from the main Coinbase app; you can download it via Apple’s App Store or Google Play).
Follow the simple instructions to set up your wallet – which is a place you can keep some of your crypto, a place to send or receive it, and your portal to the growing universe of crypto apps. (You can also download this Chrome extension to connect Coinbase Wallet to a web browser if you’d rather browse NFTs on a computer).
There are lots of NFT markets, from Rarible to Mintable. For this tutorial we’ll focus on OpenSea — which is the biggest of them all, and works a lot like a decentralized eBay. To connect your wallet to OpenSea, go toOpenSea.io, click on the icon in the top right, and select “My Profile” — you’ll be prompted (and given instructions) to connect your wallet.
Get browsing! Prices range from essentially free to hundreds of thousands of dollars or more for a rare item. Some items are sold via auction, while others can be snagged immediately via a “buy now” button.
Even if the NFT is free or cheap, you’ll still have to pay fees to make the transaction happen. Most of the digital collectibles on OpenSea use the Ethereum blockchain, and the network charges a “gas” fee for transactions like NFT sales. Gas prices rise and fall depending on how busy the network is.
Choose an NFT you like and make sure you have extra ETH to cover fees. Once you buy it, you can access the NFT via your crypto wallet until you decide to sell it.
The world and internet continue to change as we transition into Web 3 and the Metaverse. We have written up a quick cheat code to help give knowledge and navigate thru the Metaverse, virtual worlds and how to possibly earn extra money online thru investing and designing.
Metaverse:a virtual-reality space in which users can interact with a computer-generated environment and other users.
Virtual Society
ESG Investing
Design Thinking
Web 3.0
Decentralized Autonomous Organizations
Virtual Society
What is a Virtual Society?
Social networking services are the most prominent type of virtual community. They are either a website or software platform that focuses on creating and maintaining relationships. Facebook, Twitter, Snapchat and Myspace are all virtual communities. Virtual communities are characterized by anonymity, addictive behavior, and voluntary behavior. Sense of belonging is treated as a crucial feature for participation in virtual communities. Virtual communities are social aggregations that emerge from the Net when enough people carry on those public discussions long enough, with sufficient human feeling, to form webs of personal relationships in cyberspace. … They will be communities not of common location, but of common interest. A virtual world (also called a virtual space) is a computer-simulated environment which may be populated by many users who can create a personal avatar, and simultaneously and independently explore the virtual world, participate in its activities and communicate with others.
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