Categories
NFT

How To Disconnect Your Wallet

When people talk about disconnecting a wallet, in some cases, they mean removing it from a service. In other cases, they simply suggest removing access given. We will cover both below to help you with wallet security. So if you are like me and have used your hot wallet to connect to hundreds of websites or dApps this is something you may need to do. Let’s dive in, shall we?

Doing a quick search around the internet there does not appear to be a ton of information available on how to disconnect your wallet. Either from dApps (decentralized applications) or the individual wallet programs themselves. The most common one and subsequently the easiest to disconnect is Metamask while the hardest goes to the centralized Coinbase Wallet.

Metamask
Metamask


To disconnect your Metamask wallet from a website, you must open up your Metamask. Then go up to the kebab menu (the three vertical dots) and click on that.

Next, you have to look down towards the bottom of the menu. There you will see “Connected sites” where you can search through a list of websites. Once the website is found just click it and you will be disconnected.

Note: When it comes to removing or disconnecting a wallet from Metamask it must have been one that was imported into Metamask. It cannot be a native meta mask wallet. If it is an imported wallet you can go to the top of your Metamask and click on the name of the account. That will allow you to switch accounts. The wallet can be removed by clicking the kebab menu and looking down towards the bottom. You should see the option to remove the account. The warning here is that once removed, you will have to use your seed phrase to recover your wallet if there is a plan to return to Metamask.

Coinbase
Coinbase Wallet

When using Coinbase Wallet, you want to open the wallet app and look towards the bottom. That is where you should see the options gear. Click then Scroll down until you see “Connected apps.” Open that menu. You should see a list of applications. 

Coinbase

This is where you can sever the connection to any dApps (decentralized applications) you may have connected to. Recently Coinbase added a new dApp wallet that will allow you to connect to applications from the Coinbase app, not just the wallet. Warning with this is there is no clear way to disconnect them from your wallet.

Wallet Connect
Wallet Connect

Both Trust Wallet and Coinbase Wallet use wallet connect to bridge the gap between their wallets and web3 websites.  When you disconnect from Wallet Connect in the Trust Wallet as an example, simply go down to the bottom and click the settings gear.

Once you click the settings gear, a menu should appear in the middle of the screen. When you interact with that menu it will move into another, where you will see the ability to set new connections or a list of current connections. You need to navigate the list to find the connection you would like to remove. When selected, the next menu will offer the option to disconnect at the bottom.

When it comes to removing or disconnecting a wallet from the Trust Wallet it is fairly easy. Open the app and look for the wallet name below the value near the top. On the next menu, you can delete the wallet by clicking the trash can in the top right.  The warning here is that once removed you will have to use your seed phrase to recover your wallet to add it back to your trust wallet or any other wallet. 

Revoke.cash
Revoke.cash

It wouldn’t be a 137pm article if we didn’t leave you with some information most may not have. An industry secret a few of the whales, including a mega mutant, have used to protect their assets and secure million-dollar wallets is the website revoke.cash

Revoke.cash will allow you to revoke approvals given to the wallet, a literal lifesaver for some. That includes those given by NFTs you have purchased as well as tokens you have added. While not the same as disconnecting your wallet, revoking approvals is what some people are talking about. I highly recommend using revoke.cash before doing any changes in the access point, after an airdrop, or after minting something you feel to be sketchy.

Its interface is pretty straightforward. You connect with your wallet and select the things you would like to revoke assess from. Make sure you are one the revoke.cash site before doing anything.

There you have it folks, a comprehensive list of how to disconnect your wallet and protect your assets. Stay safe out there.

Categories
NFT

Meet “For The TL,” A Collective of Diverse NFT Artists

“For The TL” is a crypto-art collective of over 75 artists in the Web3 space, ranging from emerging to established names.

Artist, curator and founder Max Kulchinsky, along with founding member Elijah Kuhaupt, originally formed this group to create opportunities for people who they felt weren’t being represented in the NFT art world.

What started off as a group chat of indie artists and has now quickly become a well-known collective of unique and talented powerhouses with stories to tell.

“‘For the TL’ means for the timeline,” Kulchinsky said, referring to the stream of tweets that users see when they log into the Twitter accounts.

The collective is diverse in race and gender and features artists of different mediums, including animators, 3D artists, illustrators, painters and more. Some notable members include Vinnie Hager, Gisel Florez, and Yosnier.

The group’s inaugural exhibition was in DCentral Miami, which featured over 60 artists. The show was called “For The TL.”

Max Kulchinsky

“That’s when it went from half joke to a serious thing,” Kulchinsky said.

Since then, the collective has presented physical and digital works at SXSW, NFT NYC, and more.

Not only has the group been a way for artists to collaborate together, “For The TL” has also acted as a community of friends who support each other.

“Having friends like those in ‘For The TL,” is the best part of being in web3,” Sophie Sturdevant said. “I’ve never been quite as inspired, challenged, and championed as an artist.”

“For The TL” launched its genesis collection, curated by Max Kulchinsky, on June 23rd through Nifty Gateway.

Here are the seven pieces involved in the drop. You can purchase them individually or as a pack here.

“Walking Juxtaposition” By Sophie Sturdevant
Sophie Sturdevant

Twitter: https://twitter.com/sophiesaidso

Her Art Style: “I work in both physical and digital spaces, but regardless of media, my work and process play on a “museum and mayhem” juxtaposition. Often, I like to stack dynamic + opposing narratives on top of another, intending to lead the viewer into emotional confusion or curiosity (or maybe even clarity, state of mind depending).”

“Curse of the Drifter” By Sean Williams
Sean Williams

Twitter: https://twitter.com/iArtSometimes

His Art Style: “If I had to use one word, I’d probably say my art style is ‘multidimensional’. I call my style GLÖSS and I consider it almost like looking at an object or idea from multiple perspectives, (whether they’re physical or conceptual depends on my mood at the moment) But that’s really just a fancy way of trying to say: I’m generally throwing shit at a wall (or accidentally kicking holes in one) and hoping it sticks. Visual ADHD. I make a lot of things, in a LOT of different directions, using a lot of different mediums, and I’m still trying to find the most succinct way to put it all together. It’s probably a lifelong process.”

“Transplant” By Squibs
Squibs

Twitter: https://twitter.com/squibs

About the piece: “It’s completely inspired by move to New York. Spending late nights on my fire escape. After all I’m just a ‘transplant’ to the city.”

“Pieces of She” By Myriad of?
Myriad of?

Twitter: https://twitter.com/myriadinart

About the piece:

“Dark winds swirl, enveloping the legs of She
Gasps of air slip out tenderly brushing his lips as he breathes in
Living off each others’ lungs, slowly melting into one heart, finger tips graze along her spine, reaching in and tying her pretty little insides into bows
Suffocating on butterflies”

“According to Prophecy” By Bobbi Cai
Bobbi Cai

Twitter: https://twitter.com/bawbicai

About the piece: “In the beginning when the heavens and the earth was created everything was perfect and the serpent taught knowledge and evil to Eve after she ate his forbidden fruit. We took it literally but something’s aren’t exactly what they seem to mean. This is another genesis for me.”

“New Form of Luxury” By Dimithry Victor
Dimithry Victor
New Form of Luxury by Dimithry Victor

Twitter: https://twitter.com/dimithryv

About the piece: “For many years I’ve been obsessed with the concept of luxury, and as I get older I started to realize the real luxuries in life are the experiences I’ve had and shared with others. One of my fav luxuries in life is visiting parks.”

“WATCH OUT” By Max Kulchinsky
Max Kulchinsky

Twitter: https://twitter.com/maxkulchinsky

About the piece: “I’ve been drawing the ‘Watcher’ symbol for about a year now — it’s meant to be a reminder of safety and understanding to everyone who needs it.”

Categories
NFT

What is the Blockchain: A 101 Breakdown of An Emerging Technology

Blockchain has become a mainstream buzzword across the developed world. It’s uniquely a hot topic in pop culture and various industries utilizing its technology.

With so many opinions and perspectives buzzing around the world about blockchain, it may be hard to understand what blockchain is and isn’t.

So, what is blockchain technology, how does it work, and what are some use cases? This article will dive into blockchain basics and evaluate the emerging technology’s pros and cons.

What is the Blockchain?

Blockchain is a fundamental concept in understanding the way cryptocurrency works. But it’s not only limited to its application in crypto.

Blockchain is a database that stores information from transactional records in a business network. Any asset can be traded and tracked on the blockchain, reducing risk and cutting costs for everyone involved. 

Blockchain allows you to send money to a friend in seconds without worrying about banking fees and other charges. You can also store cash in an online wallet and don’t need anyone’s permission to move it or transfer ownership.

Every block on the blockchain has a specific number of transactions. When a new block generates on-chain, it’s added to each network node’s ledger and uses distributed ledger technology (DLT).

A key concept of blockchain is that it’s decentralized, which allows for transparency and real-time access to assets. Being decentralized also enables the network participants to be collectively responsible for the security, as opposed to having a centralized entity like a bank or governing body.

Other fundamentals of blockchain technology include being immutable and distributed. Since the ledger is immutable, you can always trust that the information is accurate because no one can alter it.

Since the blockchain is also distributed, it protects users from network attacks and other instances of fraud and cybersecurity threats.

How Does The Blockchain Work?

What is the purpose of the blockchain?

  • To store and distribute digital information without the ability for anyone to alter it.

Here is a typical scenario of how to use blockchain technology to record cryptocurrency transactions:

  1. A consumer buys cryptocurrency, such as Bitcoin or Ethereum.
  2. The transaction is sent to Bitcoin’s decentralized network, and the nodes validate the transaction.
  3. After the transaction is approved, it is grouped with similar transactions to form the block, adding to a growing chain of other transactions.
  4. The block is encrypted once complete, and the record becomes permanent.

Since Bitcoin’s blockchain is a public database, anyone owning it can view that same transaction record, although it’s difficult to trace the identity behind a single account.

But not all blockchains are public. Some blockchains are designed as private ledgers, allowing the owner to decide who can make changes to the blockchain.

Aside from the cryptocurrency industry, many other sectors are interested in developing blockchain technology. Blockchain can also be helpful for cybersecurity, data storage, record-keeping, and data ownership.

Miners 

Miners aren’t people with shovels and pickaxes. They’re owners of complex computing equipment meant for mining Bitcoin and other cryptocurrencies on the blockchain.

Miners are responsible for creating new blocks on the chain and attempt to be the first to verify cryptocurrency transactions to collect rewards. 

These people compete to solve “hashes” that enable them to process the transactions and get the rewards of solving the complex mathematical equations on the blockchain.

Nodes

Understanding what nodes are is another crucial concept of blockchain. Nodes are computers connected to a cryptocurrency network that execute functions like sending, creating, or receiving information. 

Since every transaction on the blockchain is recorded and distributed, it’s essential to know that nodes are the devices that facilitate communication within the network and transfer information about new blocks. Nodes also help to maintain the integrity and security of the network.

Why is The Blockchain Important?

Blockchain technology is fundamental in today’s world because of the security and transparency that it provides users. The information on the blockchain can be accessed immediately on a shared ledger that network members can only access.

Let’s look at a common banking scenario: you transfer money to your family from your bank account by logging into the banking portal and transferring the funds using their account number. 

Once the transaction is complete, the bank updates its records for you to see that the money went through. However, there are some potential issues with this process.

Someone can easily alter and tamper with this type of transaction, which is why the market demanded blockchain solutions to fix the manipulation problem. In addition to security, blockchain avoids this long process and allows for faster movement of transactions, saving users time and money.

Blockchain is essential for several other reasons, including:

  • Decentralization
  • Transparency
  • Immutable records
  • Distributed ledger technology
  • Smart contracts
  • Improving efficiency

Decentralization

Since blockchain doesn’t store its data in a central location, the information is copied once and then spread across a vast network of computers, making it very difficult to alter. A decentralized public blockchain ensures your data is protected on a secure database.

Blockchain users don’t need to rely on any other institution or government to complete the transactions. The decentralized nature of blockchain allows users to conduct transactions quickly and securely in ways that a centralized system cannot.

Transparency

The openness of data on the blockchain also doesn’t exist within the financial system. 

But how is blockchain data made transparent?

It’s through network participants accessing holdings and transactions of public addresses that are used to search through blocks of the blockchain and their details. The data is on a decentralized network, meaning anyone on the public blockchain can view it.

Immutable records

No one can change or alter any blockchain transactions after they are distributed to the shared ledger. A new transaction must replace previous transactions that contain errors, and both transactions will be visible.

Distributed ledger technology

All users in the network can access the ledger and the records it contains. The shared ledger only records transactions once, which eliminates the unnecessary effort that traditional networks require.

Smart contracts

Smart contracts are sets of rules stored on the blockchain and executed automatically. They work by allowing all participants to be immediately sure about the transaction’s outcome without any third-party involvement.

Improving Efficiency

Smart contracts are stored on the blockchain and executed automatically, improving efficiency for everyone on the blockchain. Network members share the distributed ledger, which helps eliminate time-wasting activities like record reconciliation. Blockchain is also operating 24/7, so you’ll see your transactions completed usually in 10 minutes or less. 

What Type of Transactions Happen on The Blockchain?

Blockchain transactions function in several different ways, but the most significant transaction is with cryptocurrency.

Authentication

While the original blockchain functions without a centralized authority, transactions still need to be authenticated by the nodes in the network before they become part of the blockchain.

Authentication uses data strings (known as cryptographic keys) to identify users and grant access to their wallets on the system.

Each user has a private and public key that all users in the network can see. Using these together creates a digital identity that authenticates users and unlocks the transaction they are trying to perform.

Authorization

Once the transaction authenticates, it needs to authorize the transaction before adding to the blockchain. Public blockchain decisions are made by consensus, meaning that most nodes must agree that they’re processing a valid transaction.

The people that own the nodes verify transactions to receive rewards in a process called “proof of work.”

Proof of work

Proof of work (PoW) is a way to add new blocks of transactions onto a cryptocurrency’s blockchain. To understand proof of work, here’s a quick example:

As Bitcoin transactions are made, they pass through verification and are grouped into blocks that can be mined. The PoW algorithm generates a hash for the block, and miners race to be the first ones to add the new block of transactions to the blockchain.

The winning miners are the ones that get to add the block of transactions onto Bitcoin’s blockchain and receive rewards of newly minted Bitcoin as well as transaction fees for their work.

The proof of work algorithm of Bitcoin adds a new block about every 10 minutes and adjusts the difficulty for miners depending on how quickly they add blocks. As mining happens faster, the mathematical problems become harder to solve and vice versa when mining is slower.

What Are The Pros of The Blockchain?

Now that you understand blockchain and its workings, it’s time to talk about why there’s so much hype around it. 

Traceability

Along with having enhanced transparency, blockchain also creates a trail that documents the path of an asset every step of the way. Blockchain provides proof of the legitimacy of transactions in industries prone to fraud and malicious activity by sharing data directly with members on the blockchain.

Speed and efficiency

Blockchain solves the problem of extensive paperwork and processes prone to human error. It also automates these processes and provides a single place to store digital transactions. 

The decentralized ledger where information is stored in the blockchain also ensures trust for cryptocurrency transactions, and the process for authentication enhances reliability in the network.

Cost reduction

Blockchain eliminates third-party centralized services and intermediaries that charge transaction and processing fees, reducing the costs for organizations of all sizes. You’ll also save on the cost of documentation since everyone can view the immutable version on the network.

Other pros of using blockchain include:

  • Better protection with a high level of security
  • Faster transactions for small and large organizations
  • Transactions are transparent and easy to track
  • Hacking threats are reduced dramatically
What Are The Challenges of The Blockchain?

With all the benefits of using blockchain, there are some drawbacks that you should be aware of before using this emerging technology for transactions.

Privacy concerns

While the data on a public blockchain is anonymous, it’s still in the hands of all nodes in the network. This means that everyone in the network has access to the data and creates the possibility of tracking the identity of users through transactional data.

Scalability

While the blockchain market application for Bitcoin is popular due to its robust nature, it can only handle about seven transactions each second. In contrast, other blockchains can handle 10,000 transactions or more. In addition, each node’s authentication process can take a long time to accomplish and may be hard to scale.

Regulation

The regulatory nature of the financial industry has yet to catch up with much of the cryptocurrency world and poses a significant threat to the blockchain. In fraud cases, blockchain applications must pinpoint the source, which can be a challenge for a decentralized network.

Storage

Storage issues become a concern for the blockchain because databases are stored on all nodes throughout the network. As the number of transactions increases, the database will expand and eventually reach its maximum storage capacity. One example is the Ethereum blockchain which is increasing to 55 GB per year.

Energy consumption

Miners use a lot of energy to solve the complex mathematical problems on the blockchain, which isn’t ideal for its real-world applications. While permissioned networks are efficient, the problem lies with public networks that consume a lot of energy to remain operational.

Immaturity

Lastly, blockchain technology is still in its infancy, and we have no idea where it will take us in the future. Since it’s not mainstream, people have their doubts about adopting the technology and don’t have much confidence in it. This leads to stagnation in the complete utilization of blockchain technology.

Final Thoughts

Blockchain will be the future of how humans transact on many different fronts. Its application in the supply chain, transportation industry, and many other sectors shows that this promising technology is helpful for more than just cryptocurrency transactions.

At this point, blockchain is misunderstood and underutilized by the general public. It’s up to us as users to spread knowledge about blockchain’s capabilities and why people worldwide should widely adopt it.

Categories
NFT

VeeFriends x MaryRuth Gummies – Partnership Announced with MaryRuth Organics

VeeFriends has announced their partnership with MaryRuth Organics to launch MaryRuth’s Accountable Anteater Multivitamins Gummies.

MaryRuth Organics announced last week that Gary Vaynerchuk had joined the company as a member of its board of directors. As a board member, Gary will advise on digital marketing, brand building, and Web3 as the company continues its robust growth trajectory. You can find more about this announcement here

VeeFriends x MaryRuth

VeeFriends and Gary Vaynerchuk continue to focus on value creation by developing real-life value for VeeFriends IP and the VeeFriends NFT holders; through exciting brand collaborations, access experiences, and innovative mini-drops.

The Accountable Anteater Multivitamin Gummies will be priced at $29.95, available only in the U.S., and there will be a limited supply of 100,000 bottles:

  • To commemorate the launch of the multivitamin gummies, purchasing 10+ bottles grants access to MaryRuth and GaryVee Fireside Chat that will take place virtually later this year.
  • Buyers should also keep an eye out as there will be ten special “founders signed” bottles signed by both MaryRuth & Gary that will be distributed randomly from the warehouse. 
  • Win a VeeFriends Series 2 Accountable Anteater NFT: each bottle holds ten entries into the VeeFriends Series 2 Accountable Anteater Giveaway. Those who purchase will automatically enter into the giveaway.
VeeFriends x MaryRuth

You can find more details on the above on MaryRuth’s purchase site starting today.

Advantages to VeeFriends Holders of Accountable Anteater character: 

  • Holders of Series 1 will get six bottles of Accountable Anteater Gummies free of charge.
  • Holders of Series 2 will get one bottle of Accountable Anteater Gummies for free.
Categories
NFT

How to Transfer Ethereum to MetaMask: Your Definitive Guide

Whether you are buying NFTs or investing in Ethereum, you will need to know how to transfer ETH to your MetaMask wallet. This article will act as a step-by-step guide on how to get ETH from Coinbase to your MetaMask wallet.

First, you will need both a Coinbase account and a MetaMask wallet before you can send ETH. Below is how to set up each one.

How to Set Up Coinbase Account

To buy ETH, first you will need to set up a Coinbase account. Having launched in June 2012, Coinbase has built its reputation as one the most trusted and secure crypto exchanges in the world. With over 89 million registered users, you can trust that you’re not alone when you choose Coinbase as your preferred crypto exchange.

To set up your Coinbase account, follow these steps below:

  1. Create your account

Go to Coinbase from a browser on your computer, or download and open the Coinbase app on Android or iOS to get started.

  1. Verify your email

Select Verify Email Address in the email you received from Coinbase. This email will be from no-reply@coinbase.com.

  1. Verify your phone number

When you sign into Coinbase, you will be asked to enter your phone number. Upon doing so, you will need to enter the seven-digit code Coinbase texted to you, into your Coinbase account.

  1. Enter your personal information

Enter all the required info from your government-issued photo ID (you will need to provide a picture of your ID later).

  1. Verify your identity

Sign into Coinbase to complete your ID verification. 

  1. Link your payment method

Depending on which country you live in, the type of payment methods you can link will vary. In general, you can choose to link to a Bank Account, Debit Card, Wire Transfer, PayPal, and other various forms of payment.

If you need additional help setting up your Coinbase account, make sure to check out this guide.

How to Set Up a MetaMask Wallet

MetaMask is a software (hot storage) crypto wallet that is mainly used to interact with the Ethereum blockchain. You can access MetaMask through a browser extension or mobile app, which is then used to interact with decentralized applications (Dapps).

To set up your MetaMask wallet, follow these steps below:

  1. Add the chrome extension or download the app

Simply visit the official website to add the chrome extension to your browser, or you can download the Android or IOS app for your mobile device.

  1. Create a wallet

Once you choose Get Started, you will be asked to either Import Wallet or Create a Wallet. Assuming you don’t already have a wallet, choose Create a Wallet. If you already have a wallet, select Import Wallet and then enter your secret phrase.

  1. Create a password

When you create a password, make sure it is strong. Use upper and lower-case letters, numbers, and different symbols to ensure you create the strongest possible password.

  1. Secure your secret phrase

Your secret phrase is like the Web3 version of your Social Security Number (SSN), so you need to treat it as such. When securing your secret phrase, make sure you write it down on a piece of paper and store it in a secure location. For more security, write it down on multiple pieces of paper and store it in multiple secure locations.

  1. Confirm your secret recovery phrase

After writing down your secret phrase you will be asked to enter it again to ensure you wrote it down correctly. Upon entering your phrase, you will be logged into your MetaMask wallet.

For additional help setting up your MetaMask wallet and some other important tips, be sure to check out our guide.

How to Transfer Ethereum (ETH) to A MetaMask Wallet

Now that you’ve got both your Coinbase account and MetaMask wallet set up, you are all set to transfer ETH from Coinbase to MetaMask. The reasons you might consider sending ETH to MetaMask vary, however, the most common reasons are to buy an NFT, to interact with various Dapps, or as a more secure storage option for your ETH.

Regardless of the reason, I’m going to walk you through each step to successfully transfer ETH from your Coinbase account to your MetaMask wallet below.

Step 1: Sign Into Your Coinbase Account
Alex White Gomez

To initiate the transfer of ETH, you will need to start by signing into your Coinbase account to access or buy some ETH.

Step 2: Buy Ethereum (ETH)
Alex White Gomez

If you have already purchased ETH you can skip ahead to Step 3. If not, then simply navigate to the Buy/Sell button at the top of your Coinbase account. Next, select Buy, enter the amount of money you want to convert to ETH, double-check that you are buying Ethereum, then choose your payment method before tapping Preview Buy.

After selecting Preview Buy, confirm that everything looks good. Double check your payment method and how much of your native currency you are converting to ETH. In addition, take notice of the Coinbase fee, as this will affect your purchase price and the amount of ETH you will receive. If everything looks good, select Buy Now.

After you have purchased your ETH, you can view your balance under the Assets tab.

Step 3: Click Send
Alex White Gomez

Once you have some ETH in your Coinbase account, navigate to the top of your account and click the Send/Receive button. Then, choose the amount of ETH you want to send to your MetaMask wallet, make sure you select pay with Ethereum.

Step 4: Copy/Paste Your MetaMask Address to Coinbase
Alex White Gomez

Before sending your ETH, you need to sign into your MetaMask wallet to copy your wallet address. Your wallet address can be found at the top of your wallet profile, under Account.

Your wallet address is 42-characters and will start with “0x”. On the chrome extension it should automatically say Copy to Clipboard when you hover over it. On mobile, you should be able to easily click on the address and it will automatically copy it for you.
Next, paste your Metamask wallet address into the To section in your Coinbase account. You can choose to add a note if you want, but it’s not necessary.

Step 5: Click Continue/Send Now
Alex White Gomez

After pasting your MetaMask wallet into Coinbase, click Continue to review your transfer. Once you have confirmed the transfer looks good, tap Send Now.

Note that you have to pay a network fee to send ETH from Coinbase to MetaMask. This fee varies based on network (blockchain) usage and is not determined by Coinbase. Also note that it can take up to 10 minutes or more to receive your ETH into your MetaMask wallet. Again, this time generally depends on how congested the network is at the time of transfer.

Step 6: Check Your MetaMask Wallet
Alex White Gomez

To confirm that you have received your ETH, log into your MetaMask wallet where you should see a front preview of your new balance. If you have multiple assets in your wallet, you may need to click on the Assets tab to view your ETH.

If you have sent your ETH and you don’t see it in your MetaMask wallet don’t panic, just be patient. Remember, it can take several minutes for it to appear in your wallet. If you ever want to review your transactions, you can go to the Activity tab in your wallet where you have access to all of your transactions on the blockchain via Etherscan.

MetaMask Wallet Security Tips

With a MetaMask wallet comes a lot of responsibility, especially if you have a lot of money or valuables stored in your wallet. Keep in mind that people’s wallets are hacked every day, and not because MetaMask is easy to hack, rather, people are generally unaware of how to keep their wallet credentials safe.

Below are some important tips to keep your MetaMask Wallet as safe as possible.

  • Don’t store your secret phrase on your computer/device where hackers can easily gain access to. Instead, write your phrase and password down on a piece of paper and lock it away.
  • Never share your secret phrase with anyone, it doesn’t matter who’s requesting it. It doesn’t matter if it’s your tax person, your bank, or even your own mom, don’t share your phrase.
  • If you need to back up your Secret Recovery Phrase again, you can find it in MetaMask under Settings > Security.
  • One of the best options for securely storing your ETH and NFTs is by getting yourself a hardware wallet like Ledger. These keep your secret phrase offline and out of harm’s reach.

To learn more about MetaMask wallet security, how to identify and avoid scammers, as well as some additional steps to secure your MetaMask wallet, check out our comprehensive guide.

Categories
NFT

How To Prevent Burnout In Web3

At VeeCon 2022, Gary Vee challenged us to be our best selves, react compassionately and stay connected with friends we met at the event. So how do we do that, not tomorrow, but in the words of Snoop Dogg, “Today?” This article suggests ways to continue the positive momentum we started at this year’s crypto conferences. 

NFT Bark

Whether you came back from NFTNYC, Veecon, Consensus, or just spend an unhealthy amount of time on Twitter and Discord, here are some tips to not burn out in web3.

Practice Gratitude

In his most recent book “Twelve and a Half,” Gary Vaynerchuk lists 12.5 ingredients which have been key to his success. The first ingredient, “THE BUTTER” which makes every moment that much more savory, is called Gratitude.

Gratitude for money and possessions is cool and all, but we need to go deeper. There’s always someone with a bigger boat, flashier chain or newer model Kia Sentra. You can’t win.

He challenged us to set a positive tone wherever we go. But we get tested, mistakes are made and we dwell on it. 

How to snap out of it and show gratitude:

Spontaneously bad situation? Take a deep breath and mellow out for a second.

Someone screws up? You can probably remember a time when you did something similar.

Interrupted in the middle of something important? Knock out the task if it takes under 2 minutes and keep rocking it.

Nurture Your Network & Build a Squad

The fog that a person experiences after conferences, gallery shows and meetups is real. You networked your butt off and now you’re hybrenating like a gracious grizzly and manifesting good things to come. You met so many awesome people it’s hard to keep track of them all, and you fear they may not even remember you. Be brave! Take the time to reconnect and share something you vibed on.

Many executives have accountability partners and hold regular, formal conversations around various personal and business goals. If you were introduced to someone you admire at an NFT event, ask them to meet for a few sessions to share encouragement and some valuable outside perspective. 

Learn to say “No”

When you’re good at something, everybody wants you. It’s a great problem to have, but it can lead to becoming overwhelmed and burned out. Sometimes you just have to say no. From work obligations to parties, you tend to say yes so many times that you overbook your calendars. Sometimes you just want to curl up, ghost everyone and eat desserts. 

You go from an all-star to incognito. Because you can’t say no.

Saying no is an art. 

Say no, keep things simple and focus your energy on your priorities, and then rest. 

Examples of saying no:

I appreciate the offer, but I can’t commit to this right now.

I’m going to turn in early tonight. Big day tomorrow.

Your project looks great. Not jumping into anything new right now. 

But what about saying no to yourself?

From aping into a new collectible on a whim to taking a third cheat day from your diet plan, self control isn’t getting easier. 

Meditation, yoga and mindfulness help us tune in to our bodies and understand what is stressing is out. You can literally just sit down comfortably, close your eyes, breathe and listen to yourself. If you don’t do this regularly, give it a shot. Even 5 minutes in silence can help you calm your head and catch your breath.

But if we can’t relax, it’s not enough. Sometimes a lack of generous sleep is driving most of our perceived problems. Yes, that crisis you’re going through could literally just come down to drinking more water and sleeping at a reasonable hour.

Get Enough Sleep

People used to go to bed early because the sun set, sending them the clear message to calm the heck down and rest. Carrying around a fireball on a stick is a lot of work and the movies make it look way too easy. Blue light from electronics can trick our bodies into trying too hard. 

Luckily, most personal devices have settings to help you wind down:

Microsoft’s Nightlight settings are included in Windows 10 & 11. Android has similar features, including a sunset to sunrise setting. Apple’s Night Shift also offers comparable customizations.

Studies indicate that sleep deprivation “significantly increases the tendency of reward sensitivity, risk taking and impulsivity.”  The same study shows that brain chemistry worsens without sleep, causing a buildup of neurotoxins which enhance negative emotions. 

You’re more likely to ape into a rugged project, get hacked, or be miserable when you don’t get enough sleep.

Can’t fall asleep? 

Step 1: Lie down before 10pm with the lights off.

Step 2: Add 10 minutes of wellness every morning: direct sunlight, stretching, or light cardio. 

Step 3: Eat a well balanced breakfast and don’t overeat after dinnertime.

Step 4: Cut back on caffeine, alcohol and smoking.

Incorporate Physical Exercise Into Your Routine

One of the most memorable memes coming out of VeeCon 2022 was “Leg Day,” referring to how the many stairs and opportunities for walking made everyone’s calves “thicc.”

By choosing U.S. Bank Stadium for the venue, the Veecon team gave us the perfect boost towards achieving that beach body we’ve always dreamed of. If the conference was your first leg workout in a while, rest up and then get back to it. Staying healthy is key to avoiding burnout.

Categories
NFT

Where are NFTs Stored?

Do you know where your NFTs are stored?

Most people assume the digital art, music, and media they collect are stored on the blockchain, but that isn’t always the case. In fact, it tends to be the exception.

What are Non-Fungible Tokens (NFTs)

Most people think NFTs are the actual art, and those people would be wrong.

An NFT is a unique digital identifier recorded on the blockchain. NFTs are used to certify the authenticity and ownership of a digital asset, such as artwork, music, collectibles, in game items, and more.

The NFT is simply an address. It’s a pointer that shows a user or application where to look in order to find the actual art.

Wait, why isn’t the art always stored on the blockchain?

Well, to answer that question, we need to understand what the blockchain is.

Getty Images

What is the Blockchain?

A blockchain is a “cryptographically secure transactional singleton machine with a shared-state, according to the official Ethereum website.

Let’s break this down.

First, being “cryptographically secure” means the creation of each “block” of data uses highly complex mathematical algorithms that are nearly impossible to break.

Next, a “transactional singleton machine” means only one point of reference is needed. There is no reconciliation required between different accounting books to determine who is right and who is wrong.

There is a single, universal truth.

Finally, “with a shared-state” means this digital ledger is public and fully transparent for all in the world to see.

In other words, a blockchain is an accounting book that uses cryptography to record transactions. 

These transactions are coded in blocks of sequential data, wherein one block cannot even exist unless all the previous blocks were created in accordance with the established set of rules.

When these blocks of data are “chained” together, they tell one single and immutable story. They present a set of universally agreed upon facts that can never be changed.

They become a blockchain.

One of the features that differentiates a blockchain, like Ethereum, from a blockchain such as Bitcoin, is Ethereum’s ability to execute smart contracts.

A smart contract is a series of code that runs on the Ethereum Virtual Machine, which is the combination of all the computers and participants contributing to the creation and validation of the blocks of data.

An NFT is minted using a smart contract, which assigns the ownership of the NFT to a specific wallet and manages the transferability of the digital asset. These smart contracts are written using different standards, such as the ERC-721 standard for NFTs.

So, by now, you can imagine how monumentally difficult it would be to use encryption to store something as complex as a digital painting, or a digital photograph, or a music album inside one of these smart contracts or blocks of data.

In fact, common media files (such as JPG, PNG, GIF, MP3, etc.) associated with NFTs are so large, the cost of encrypting and storing them on the blockchain is prohibitively expensive.

Hence, the media is often stored elsewhere.

Where are NFTs Stored?

To answer this question, it’s important to separate the two parts of an NFT: the smart contract, and the media.

The smart contract is stored on the blockchain and contains the link, or address, which points to where the media is located.

But the media is what most people value. It’s what you see and hear. It’s the NFT profile picture, the digital art, or the song.

The common misconception is this media is stored on the blockchain, which typically isn’t the case.

Sometimes, the media is stored on a centralized server or computer. For example, the image of an NFT may be stored on an Amazon Web Services (AWS) cloud storage solution.

The problem with centralized storage, is if the host entity disappears, the media files are lost forever. Imagine if Amazon were to go bankrupt and turn off all their lights. The media stored on their servers would be inaccessible.

In this scenario, the link contained within the smart contract of your NFT would point to nothing. Your NFT would essentially become a broken web address.

This gap in the technology is burdensome, and is in direct conflict with the immutable nature of the blockchain. Collectors and owners of NFTs are generally buying them with the belief that what they’re getting will last forever and cannot be altered.

To help solve this issue, there are popular alternatives to centralized storage which are quickly becoming industry standards.

One of the most popular solutions for storing NFT media is the InterPlanetary File System, or IPFS.

IPFS is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. It’s a decentralized way to store the media and content that serve as the backbone of our NFTs.

IPFS cares less about the location of information, and more about the actual content.

For example, if you were interested in learning more about aardvarks, you might start by visiting the Wikipedia page on aardvarks at: https://en.wikipedia.org/wiki/Aardvark

The URL above directs your computer to one of Wikipedia’s computers, which you are then able to access in order to view the information.  But what if Wikipedia’s computer isn’t on?

Alternatively, you can find the exact same information using a mirror of Wikipedia stored on IPFS, through a link that looks like this: https://ipfs.io/ipfs/QmXoypizjW3WknFiJnKLwHCnL72vedxjQkDDP1mXWo6uco/wiki/Aardvark.html

The IPFS link retrieves the aardvark information according to its contents, not its location. This means your computer asks lots of computers around the world, not just Wikipedia’s, to share the information with you.

By focusing on the content and retrieving it from any location or computer in the world, IPFS decentralizes the media storage and uses cryptography in the process.

The string of cryptographic numbers in the middle of the IPFS URL (QmXo…) ensures the content being retrieved from various computers with the aardvark information is precisely what you were looking for.

Decentralizing file storage helps guarantee the media associated with your NFTs will be as immutable as the smart contracts that live on the blockchain.

How to View an NFT After Purchase

The easiest way to view an NFT in your wallet after purchase is to navigate to your Account Profile page on a centralized NFT exchange, such as OpenSea.

If you have just minted or purchased the NFT, it may take a few minutes to appear in your wallet once the transaction has been processed.

To find out where the media of your NFT is stored, navigate to the “Details” section after clicking into a particular item.

Select the hyperlink for the “Token ID” and search the metadata for an image address.

In the example below, you can see the media associated with this NFT is using an IPFS storage solution facilitated by Pinata, which further simplifies the IPFS protocol for NFT creators. Pinata is trusted by leaders in the NFT industry, including Yugalabs (the creators of Bored Ape Yacht Club).

If you copy and paste the image URL into the address bar of your web browser, it should load the content of your media. Voila!

Alternatively, you can view your NFT tokens in MetaMask by scrolling down the “Assets” tab. In some cases, you may have to manually add the token using the Contract Address in order for it to appear.

Categories
NFT

Everything You Need to Know About NFT “Allowlists” and “Pre Mints”

Those who’ve had the pleasure of being in the NFT space understand all the benefits that come with being on an allow list when minting an NFT. 

But, for those who might be new to this concept, this article will explain all the perks that come with being on an allowlist, how to find one, how to get chosen for one, and what you’ll have to do to be eligible.

First, What Is ‘Minting’ an NFT?

In essence, minting an NFT means to publish your token to the blockchain. Minting can refer to the creation or buying process. Either way, minting an NFT always results in a transaction on the blockchain.

Let’s break down the two minting scenarios: creating and buying.

Creating

To create an NFT, you have to go through a publishing process. You can use platforms such as Opensea and Mintable to publish your own NFT creation so that it becomes available for others to buy. This self-publication process is known as minting.

If you are minting on the Ethereum blockchain, then you are also responsible for paying the gas fees to submit the transaction. More on this later, though.

Buying (mint on demand)

Now, let’s say I decide to create an NFT project with 5,000 NFTs that I plan to sell. Of course, I don’t want to be stuck paying the gas fee 5,000 times, and I want to keep the NFTs randomized so that no one knows the exact NFT they’re getting.

So instead of minting (publishing) the NFTs myself when I create them, I let the consumers mint the NFTs for me (mint on demand). Without getting too technical, the minting process is done on the backend via the smart contract

Basically, developers can easily create a minting website similar to Amazon, where consumers can come and connect their Web3 wallets and buy as many NFTs as they’re allowed. Since the consumers are the ones initiating the transaction and publishing the NFTs to the blockchain, they are responsible for paying the gas fees.

Whether you are ‘creating’ or ‘buying’ an NFT, technically speaking, the minting process is all the same.

Public Sales and Potential Gas Wars

A public sale refers to NFTs that are listed “for sale” to the public on a first-come-first-serve basis. Although public sales are great because they allow everyone to have a chance to buy an NFT, they often lead to gas wars, especially if there’s a lot of demand for the NFT.

A gas war occurs on the Ethereum blockchain when there’s a large number of consumers submitting transactions to the blockchain at the same time. Since only a limited number of transactions can be approved on the network, consumers repeatedly pay higher fees in an attempt to get a successful transaction.

This results in newer NFT collectors who do not have the principal capital to pay for large gas transactions, getting excluded from the NFT collection, and can result in the loss of valuable community members.

To learn more about gas wars and how you can avoid them, make sure to check out our guide to avoiding gas wars.

Allowlists, Explained

An NFT allowlist (also known as whitelist) is a list of wallet addresses collected that allow certain community members a guaranteed spot for minting (buying) a new NFT collection. Allowlists guarantee that every person on the list will be able to mint a predetermined amount of NFTs during the initial release of an NFT collection.

How to Get on an Allow List

Getting on an NFT allowlist is generally pretty simple. That’s not to say that you don’t have to work for it though. Below are some basic steps to get on an allowlist.

1. Find a good NFT project before it launches

You can only get on an allowlist if the project hasn’t launched yet. That means you need to find a good NFT project ahead of its launch date so that you have time to get on the allowlist. Utilizing social media platforms like Twitter or joining an NFT Discord group (here’s ours) is a great way to find an NFT project before it ever launches.

2. Follow the project on social media and join the Discord

Once you find an NFT project that sparks your interests, make sure to follow it on social media and join its Discord server. Oftentimes, allowlist opportunities are presented to the community via Discord or by announcing it on their social platforms. Following all of a project’s channels ensures that you won’t miss your chance.

3. Complete the eligibility requirements

The time has finally come, the NFT project you’ve been following is ready to offer its community the chance to join the allowlist. So, what do you have to do? Well, It depends on the project. 

Generally, projects will offer allowlist spots to those who are willing to complete a simple task. These tasks can include liking, sharing, and tagging others in the comments on the project’s social media post, or by bringing the most new people into the project’s Discord. Each project differs in the way they give out spots— some tasks can include puzzles, riddles, real life challenges, and more.

Regardless, the only way you will know about these opportunities is if you pay attention. That’s why it’s important to be active on all the platforms the NFT project is active on.

Benefits of an Allowlist
  • You get guaranteed access to mint.
  • You get to buy the NFT for a discounted price (or for free).
  • You avoid high gas fees caused by the public mint gas war.
  • You don’t have to worry about bots buying up all the NFTs.
  • You have the opportunity to flip it for a profit once the public mint begins.
  • You are considered an early supporter

These are some of the most sought after benefits of getting on an allowlist, however, the creator of the project has the power to add any perks they desire to those who are allowlisted. The possibilities are truly endless.

Pre Mints Explained

As a result of gas wars inevitably taking a toll on those who spend their time spreading the word about an NFT project, people end up losing out because of costly transaction fees. Creators are coming up with new ways to allow everyone a fair opportunity at minting their collections.

An NFT pre-sale, otherwise known as a pre mint, enables community members and early supporters the opportunity to mint before the public sale goes live. Pre-mints are generally executed through allowlist or a mint pass.

A mint pass is similar to an allowlist except you have to pay for it. Essentially, you buy a mint pass which then allows you to mint a specified number of NFTs before the public sale. 

You can think of a pre mint like a Black Friday sale. There’s a limited supply, reduced prices, and a better opportunity to profit from buying at such a discounted price. Plus, you will always hold the bragging rights to being one of the earliest supporters.

Ultimately, getting a spot on an NFT list to partake in the pre mint sale is one of the best possible options for buying an NFT: You’re guaranteed a spot to mint, you avoid high gas fees, and you might even have the opportunity to mint at a lower price than the public sale.

If this sounds appealing to you, we highly suggest doing everything you can to get on an allowlist if you are considering buying an unreleased NFT project. It’s worth saving a lot of money for the minimal effort it takes to join an allowlist.

Categories
NFT

Huda Kattan Wants to Empower Women Through NFTs

Huda Kattan loves taking her passions to the next level. She took her love of makeup and turned it into Huda Beauty, a billion dollar makeup empire. To this day, her makeup and beauty products are stocked in more than 1500 stores worldwide. 

Now, she has another passion— web3 and NFTs

Kattan first entered the web3 space toward the end of 2021 when her husband sent her an NFT as a gift.

The NFT was World of Women, a collection currently revolutionizing the male-dominated NFT space through its art, diversity, and community.

Both her and her husband loved that the collection aligned with Kattan’s values.

“The World of Women community celebrates representation, inclusivity, and equal opportunities for all, something I’m also super passionate about,” she said in a recent blog post. “So choosing to support artists from the World of Women community felt super authentic and natural to me.”

Afterwards, she started to become more intrigued and did more research on NFTs, cryptocurrencies, and the metaverse.

“NFTs have given us the ability to distribute wealth in a way we’ve never seen,” Kattan said. “You can mint a project for hundreds of dollars and then later sell the asset for hundreds of thousands of dollars.” 

Some of her favorite NFT projects include Dead Fellaz, Doodles, and Bored Ape Yacht Club

While she already had a growing interest, Kattan said it was a conversation with a woman she met in the investment space that ultimately led her to fall down the rabbit hole completely.

“She was telling me about how there’s not enough women,” Kattan said “And that kind of pissed me off.”

That was when Kattan decided that she wanted to make waves in the NFT space and prove that women deserved a seat at the table. 

Getty Images

What Huda Kattan Looks for in an NFT Project

Kattan is excited about innovation, but she’s also realistic.

“That redistribution of wealth [through NFTs] is fascinating and I think it is wonderful and needed,” Kattan said. “But, the reality is not every project is going to that.”

She says not every project is going to succeed, and that’s okay. But, it’s important to do ample research to see if a project has potential.

The first question the beauty maven says she looks for when looking at an NFT project is: What is the utility?

Huda Kattan

I’m not into just the profile picture. There are projects that resonate with me, but these are also assets. We can’t forget that.

When she mentions utility and non-fungible tokens as assets, she’s referring to the value that an NFT project returns to its owner for buying and holding longterm. 

Depending on the project, holders can be rewarded with exclusive access to merchandise or in-person events, membership in private communities, opportunities to be airdropped other NFTs, and much more.

“When an NFT has utility,” Kattan said. “It’s not just a pretty picture, it becomes so much more than art.”

The Future of NFTs and How Its Culture Will Evolve

Kattan says realistically, it’ll take time for mass adoption to happen. 

“The market is scary right now,” she says, referring to the current bear market. “We hear all these stories of people making money, but there’s another part that people think it’s a sham. It’s still very intimidating.” 

She thinks that many women still don’t feel confident in the crypto space and wants to empower women to get there.

I think it’s going to be a slow change,” Kattan said, citing the lack of female representation at VeeCon. “But women coming to events like [Veecon] is very important.”

On Beauty Brands Entering the NFT Space

With many beauty and makeup brands making announcements to enter the metaverse or create their own NFTs, Kattan thinks it’s important for brands to actually have genuine knowledge of and interest in web3 before jumping into the space.

“In my very humble and honest opinion, I don’t think they know what they’re doing in the space right now,” Kattan said. “They want to be relevant, to be seen, to be a part of the next generation of where the world is going.” 

However, she says that’s not enough of a reason to be in it.

“The space is so new and changing, in a year it’s going to be different,” she said. “So if you’re in it just to be in it, it’s really a big mistake.” 

When asked if she has an NFT project for Huda Beauty in the works, Kattan says she is taking her time to bring something of value.

“I want to launch a project for Huda Beauty, but I have a vision for what I want to give to my community,” she said. “It’s going to be all about THEM, not the company.”

She said many companies are not approaching NFTs the right way, but she will when the time comes. 

“I think when we end up doing NFTs,” Kattan said. “We’re not going to be doing what everyone else is doing.”

Watch the full interview with ONE37pm and Huda Kattan at Veecon here:

Categories
NFT

What is ‘Token Gating’ and How Does it Work?

NFT stands for “non-fungible token”. A “fungible” asset refers to something that is interchangeable with another unit of that same asset. A good example of a fungible asset is the US dollar. If I exchange my $1 bill for your $1 bill, nothing really changes. Both bills represent the same exact value. That’s fungibility. 

Conversely, a non-fungible asset refers to something with distinct value. There are no two that are exactly the same. A good example of a non-fungible asset is a house or a car.

A non-fungible token is where things get really interesting. Blockchain technologies allow us to implement many radically new ideas that weren’t before possible. A non-fungible token allows us to create a digital certificate that represents a unique asset. We can attach these tokens to pretty much anything, including digital files—say, a photo, a video, an audio recording, or even this article.

This allows us to create proofs of authenticity for digital content that can be owned, bought, sold and traded. Because these tokens are stored on an open and distributed blockchain (such as Ethereum), their embedded metadata and transaction history are completely verifiable by anyone in the world with an Internet connection. That means we can all know what digital wallets own what tokens at any given point in time. 

The implications of this are truly infinite, and we’ve just begun to scratch the surface of possibilities. Token gating is one example of how projects and companies are giving NFT ownership more meaning.

What is Token Gating?

Token gating is a common tool used by NFT project teams to create value for community members. Essentially, token gating allows projects to reward people who hold their NFTs by creating exclusive content, events, and other benefits available only to token holders. One of the most popular uses of token gating is ‘holders only’ Discord channels. While some NFT projects may have open Discord servers, there are certain channels that are available only for those who hold the NFT.

Getty Images

How Does Token Gating Work?

Getting access to token gated benefits is typically a simple process. Usually projects require you to connect or sign a message with your crypto wallet, proving ownership of a certain NFT. Once you complete this step, it’s easy to claim whatever benefit is being offered.

Some token gating systems are built in-house, created by the team of a specific project. For example, the PROOF Collective uses token gating to provide exclusive content to its membership card holders. They built a portal on their website where token holders connect their wallet to gain further access. 

On the other hand, both PROOF and Yuga Labs are collaborating with a company called Tokenproof which specializes in safe token gating solutions. Tokenproof allows NFT projects to offer token gated benefits without having their holders connecting or carrying their crypto wallets.

Why Do NFT Projects Use Token Gating?

NFT projects use token gating for a variety of reasons. The overarching purpose is to create value for their NFT holders. Token gating assists with distributing exclusive content, event tickets, airdrops, and merchandise. 

Here are a few additional examples of how popular projects have utilized token gating to benefit their community members:

VeeFriends: Airdropped VeeCon tickets to VeeFriends Series 1 holders. Only people who had a VeeCon ticket in their wallet could enter VeeCon at U.S. Bank Stadium.

Creature World: Allowed holders to claim a customized Creature World varsity jacket. 

Stoner Cats: Lets NFT holders vote on story elements for emerging show episodes.

Things to Consider About Token Gating

From a holder’s perspective, the most important thing to consider about token gating is wallet security. In most scenarios, you are required to connect your wallet in order to gain access to token gated benefits. It’s always a good practice to triple check links before connecting or signing anything with your wallet. 

Additionally, if a project announces an event or claim involving token gating, always take your time to check multiple sources and official projects channels before interacting with any sites. Most projects will never conduct any surprise mints or claims. Be cautious and take your time!