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008: What is a web3 wallet and why do I need one?
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An oversimplified version of the blockchain: it's a digital record-keeping system through the internet.
This digital record-keeping system keeps track of monetary exchanges (crypto transactions) and other digital assets (NFTs).
If we want the blockchain of our choice to keep track of records and transactions, we need to have our own "account" like a bank account.
We can also think of it like a mailing address. If we want someone to send us something, we need a mailing address for the blockchain to use.
Groups of people and organizations have created (somewhat) simple and easy ways for us to keep track of these accounts / mailing addresses so that we can use the blockchain - a web3 wallet.
In this episode Sean covers more of:
- What is a web3 wallet
- Why you need one
- Some of the more popular web3 wallets
To see and hear some of the resources that Sean shares, visit https://www.web3simplified.xyz/shownotes
To learn how to create a wallet, load it with cryptocurrency, mint or buy an NFT, and more buy the course NFTs simplified. Read more about it here: https://www.web3simplified.xyz/nfts-simplified-course
See simple definitions and explanations about other NFT concepts here: https://www.web3simplified.xyz/
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