Beginners Guide to Web3 | Part 3/3

We're reaching the halfway point! You should now have a grasp on the fundamentals along with enough of an understanding surrounding the different currencies. Here is where the exciting conversation begins as we dive into more applications, such as wallets, storage, safety & security, starting off with - what is Web3?

What is Web3 / Web 3.0 (8 mins);

(Not a simple definition…because it’s still being defined)?

What is a crypto wallet (20 mins - get a snack):

Top wallets/ exchange wallets to consider; Binance, Crypto.com, Kraken, Coinbase. The simplest Wallet for Canadians is Shakepay (great for beginners - only enables Ethereum & Bitcoin)?

Easy way to judge a crypto wallet;?

1) Security (credibility/liability) - Keep in mind what occurred to Celsius Network

2) Number of Cryptocurrencies supported?& ability to withdraw/deposit

3) User interface/experience (DM me if you'd like to know my favorite)

What are hardware / cold wallets (8 mins);

“Best crypto wallets from 99Bitcoin” (3mins);

Also explains Cold Wallets/hardware wallets (ledger nano x is apparently the best cold wallet)?

Arguably BC Vault is a safer alternative to ledger based on a few different influencer's opinions:

What is a Web3 wallet (2 mins); (Noncustodial wallets)?

What is a Web Wallet / MetaMask and how to install it (17 mins);

What is Staking (7:05):

Now that you know about crypto wallets and how to store your cryptocurrencies, I outlined some resources on NFTs & Metaverses:

What is an NFT (2 mins);

What is an NFT (11 mins);

My two cents on NFTs; Think a membership or a contract that is digitally verified through a blockchain to prove ownership.

Non-Utility NFT; a picture / “collectable”

Utility NFT; a picture that has perks associated with it (i.e. a deed to a house, membership to a fitness club, backstage passes).?

How to create an NFT collection (1x hour (No coding background)):

Why and what is virtual land in a Metaverse (17 mins):

My personal favorite Metaverse is Ceek - below is an interview with their CEO Mary S. & Altcoin Daily. Ceek is one of the most prominent Metaverses with real applications for events, experiences, and moments of culture.

What is the best way to keep up with the news in crypto? Follow Altcoin Daily & Danny Devan + Ben Armstrong // BitBoy Crypto WendyO

Follow MetaMoney & NFT Alpha for news on NFTs and Metaverses.

If you made it this far, kudos! 254 mins later you’ll have enough of a background to explore more about crypto on your own and potentially dabble with investing!

Influencers, especially in this niche, are proven educators who change the world by introducing this new technology to streamline adoption - many thanks to the creators who are empowering the evolution!

Huge shoutout to 99Bitcoin, Whiteboard Crypto, CodeStackr, for their continuous resources.