MetaMask, a leading player in the Web3 arena with over 30 million active users as of 2022, serves as a primary entry point for many into the NFT ecosystem and the Ethereum Blockchain. It facilitates the buying and selling of digital assets.
Smart Contracts, the backbone of blockchain transactions, are self-executing agreements encoded on the blockchain. Metamask simplifies this process by utilizing existing nodes like Infura instead of running its own, reducing costs and maintenance.
MetaMask boasts several key functions. Firstly, it serves as a cryptocurrency wallet for storing assets like Ether (ETH) and Ethereum-compatible tokens (ERC20 and ERC721). Additionally, it allows users to engage in peer-to-peer token swaps without the need for intermediaries.
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