What is MetaMask wallet?

April 20, 2023

MetaMask Wallet is a non-custodial crypto wallet designed for use on the Ethereum blockchain. It is a non-custodial wallet, meaning users always control their private keys and funds.

What is MetaMask wallet?

MetaMask wallet is a browser-based crypto wallet and browser extension that allows users to interact with Ethereum-based decentralized applications (dApps) directly from their web browser. The wallet, created by Dan Finlay and Aaron Davis, was launched in 2016 in response to Ethereum's growing popularity.

MetaMask is compatible with ETH, other ERC-20 tokens, and decentralized apps (dApps). Users can download Ethereum's browser extension or mobile app. The browser extension is available for Chrome, Safari, Brave, Edge, and Opera. The mobile app is available for iOS and Android devices.

The wallet also allows users to store, buy, and sell tokens and manage their NFTs.

Custodial and non-custodial wallets

MetaMask is a non-custodial wallet. A custodial wallet is managed by a third party who ultimately controls it, including access if you lose your password/key, whereas non-custodial wallets are self-managed. Think of custodial wallets like keeping your valuables in a storage facility, and non-custodial wallets like keeping them in your safe at home. Custodial wallets, therefore, require less personal responsibility but are at the mercy of the third party, whereas non-custodial wallets give you full control but also mean you carry the full responsibility of keeping your items safe and retaining your password/key because there is generally no third-party with the master password/key.

What are MetaMask wallet's main features?

Users are guaranteed key features when establishing a MetaMask wallet.

Secure

Non-custodial wallets can be either software wallets (a program that lives on your computer) or hardware wallets (a physical device that you plug into your computer or internet browser). In addition to being a software wallet, MetaMask also supports hardware wallets.

Easily accessible

MetaMask wallet is available as a mobile app on iOS and Android. It is also available on Chrome desktop browsers as a browser extension.

Once you decide on your platform of choice, you'll follow the prompts to either download the app or the browser extension. Once you have the correct download, the user interface prompts you to create a new wallet or click "I already have a wallet" and enter your 12-word recovery phrase.

Varied blockchains and coins

MetaMask wallet allows users to access blockchain apps seamlessly, as well as store, purchase, and sell Ethereum-based NFTs and cryptocurrency.

What is MetaMask wallet used for?

MetaMask wallet users can access different aspects of web3 through the wallet.

Searching and browsing dApps

MetaMask wallet's built-in search functionality allows users to easily browse dApps, like Novartify.

NFTs

MetaMask wallet is built on the Ethereum blockchain, allowing users to access the largest volume of NFTs.

Transfer cryptocurrency

MetaMask wallet is compatible with the following cryptocurrencies: ETH, ERC-20, ERC-721, and ERC-1155. A user is able to store, sell, or transfer cryptocurrency natively through MetaMask's app or browser extension.

Is Novartify compatible with MetaMask wallet?

Yes. Once you've installed your MetaMask wallet or downloaded your browser extension, visit novartify.shop, click the manage payment button, then connect wallet and select I already have a wallet to connect your metamask wallet. MetaMask allows you to fund your MetaMask wallet directly from the app or browser extension. Once you have funded your MetaMask wallet, you can purchase ARTs and make withdrawals using Novartify.