πWhat is a digital wallet and why do I need one to register an OVER account?
What is a digital wallet?
A digital wallet is a secure online repository that allows you to store, manage, and interact with digital assets, such as cryptocurrencies and NFTs.
For added security, it is advisable to get a hardware digital wallet which allows you to take your assets offline where they can't be accessed by others.
To learn more about digital wallets and the Web3/metaverse economy, check out this useful, easy to follow course by MetaMask.
Why do I need a digital wallet to register for an OVER account?
In general, to browse the experiences created on the OVER digital layer and via the OVER app, you donβt need a digital wallet. You will, however, need a digital wallet to leverage the full potential of the OVER AR ecosystem, specifically:
Participation in metaverse platforms: A digital wallet enables you to buy, sell, and trade digital assets, as well as receive and hold rewards and prizes
Secure transactions: Your digital wallet allows you to securely transact OVR tokens and NFTs within the OVER platform. Whether you're purchasing digital assets or trading with other users, your wallet ensures the safety and accuracy of these transactions
Token storage and NFT management: Your digital wallet is where you store your OVR tokens, as well as NFTs such as OVRLands, wearables, and 3D assets. As mentioned, it's a good idea to invest in a hardware digital wallet which allows you to protect your assets offline
Privacy and control: With a digital wallet you have control of your private keys, wallet addresses and transaction history. This means you're not reliant on third-party services, and you have a level of privacy and pseudonymity when interacting with the OVER community
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