MetaMask and Fantom Network are the two reputable names in the crypto space. In this tutorial, we will introduce you to MetaMask and Fantom, and how to add Fantom to MetaMask.
About Metamask and Fantom Blockchain
What is MetaMask?
MetaMask, owned by ConsenSys, is a crypto wallet used to interact with the Ethereum blockchain, available for users as a web browser extension and a mobile wallet. As a crypto gateway, MetaMask can be used to connect to other blockchains besides Ethereum.
In November 2021, MetaMask surpassed the 21M Monthly Active Users milestone, making it the most popular Ethereum-based wallet. Later on, in March 2022, it raised $450M in a Series D round, valuing it at $7B.
Notable features of MetaMask:
- Friendly and easy-to-use UI.
- Easy to interact with other supported Dapps.
- An in-app DEX aggregator that allows users to swap ERC20 tokens natively.
- Data is owned by users who hold the passphrase.
What is Fantom?
Fantom is a fast, cheap, scalable, decentralized, and secure blockchain platform. Not only does Fantom support DeFi development, but it also develops for institutional and governmental demands, such as Financial Markets, Institutional Finance, CBDC (Central Bank Digital Currency), Real Estates, Smart Healthcare,...
Fantom blockchain uses FTM as the native token, serving as the gas fee (the fee you need to pay to the network).
Highlights of Fantom:
- Scalable: Fantom is a network of networks, whereas each one built on Fantom is independent of another.
- Secure: Fantom implements the Proof-of-Stake mechanism, which is different from Proof-Of-Work used by both Bitcoin and Ethereum.
- Vibrant Dapps: The Fantom ecosystem has grown tremendously recently. There have been more than 200+ dApps, with some quality projects being available on Fantom namely Curve, SushiSwap, Yearn,...
Since Fantom is fully compatible with Ethereum, it can be connected via MetaMask. Using MetaMask lets users interact with Dapps on Fantom such as SpiritSwap to swap tokens.
Furthermore, Coin98 Super App also supports Fantom Network. You can create FRC-20 wallets on the Coin98 Super App.
Learn more: How to create & use a Fantom Wallet
How to add Fantom to Metamask in 3 steps
Metamask is available for download on mobile (iOS and Android) and web browsers such as Chrome, Firefox, Brave, and Edge.
This article will introduce how to connect Metamask to Fantom Network on the web browser, Chrome.
Step 1: Installing MetaMask Wallet
- Go to metamask.io/.
- Click “Install MetaMask for Chome” to download the extension.
- Install MetaMask to Chrome and create a MetaMask wallet.
- Log in to your MetaMask wallet.
Your MetaMask will look like this if you successfully log in to MetaMask.
After MetaMask has been installed, you'll see this as the default user interface. Don't forget to store the passphrase someplace safe and secret so that you can recover the wallet if you forget the password.
Note: Passwords and paraphrases should never be shared or revealed to anyone.
Step 2: Connecting Metamask to Fantom
After logging in, MetaMask will set the Ethereum blockchain as default. To switch to using Fantom on MetaMask, we will walk you through the following steps.
At the top left corner of the MetaMask interface, select “Ethereum Mainnet” to drop down the menu, then click the “Add Network” button.
The web will direct you to the Settings page, where you can add a blockchain network. We will manually add Fantom Opera to MetaMask as we first use MetaMask. We just switch Fantom to other blockchains at hand in later usage.
- Network Name: Fantom Opera
- New RPC URL: https://rpc.ftm.tools
- ChainID: 250
- Symbol: FTM
- Block Explorer URL: https://ftmscan.com
Fill in the network details and click Save.
You successfully connect Fantom to MetaMask. Import your FRC-20 wallet, and now your FRC-20 tokens are displayed.
Step 3: Switching between blockchains on MetaMask
In the previous steps, you are introduced to connecting Fantom to MetaMask. If you prefer to connect to other blockchains, click “Fantom Opera” as in the picture below to select your network.
To reiterate, MetaMask and Fantom have been growing at warp speed for the past few years. Without a doubt, users will be much more convenient when connecting Fantom to MetaMask.
That is all you need to know about how to connect Fantom to MetaMask. Coin98 Insights hopes the article is helpful to your crypto journey. If you have any questions, feel free to comment below and Coin98 will support you as soon as possible.