If you are always upbeat about everything in the Cardano ecosystem, you have likely encountered Nami Wallet several times.
In this article, we are going to discuss precisely how to use the Nami Wallet, and we are going to go through a step-by-step tutorial on how to set up this wallet.
What Is Nami Wallet?
Nami Wallet is a Cardano-based blockchain wallet that allows you to link up to every decentralized application (DApp) on Cardano, send and receive funds, and hold and view NFTs.
Input Output Global (IOG) And Nami Acquisition
On November 1st, 2023, Input Output Global (IOG), the founding entity behind the Cardano blockchain, acquired Nami Wallet.
The Cardano-based Web3 wallet became a popular choice within the Cardano space, gathering over 200,000+ users since its launch in July 2021.
According to IOG, they intend to align the wallet’s features with its product strategy, and Nami wallet users can continue using the services as they used to.
The terms of the deal between Nami and IOG were not disclosed, but IOG said it will continue developing and supporting the wallet as a standalone product.
Setting Up Nami Wallet Tutorial
Head Over To namiwallet.io
Nami Wallet is available for the Chrome, Brave, and Edge browsers.
Add The Extension To Your Browser
You can import an old seed phrase or create a brand-new wallet. Let’s go over how to set up a new wallet.
Create A New Wallet
What you will see on screen is a unique 24-word recovery seed phrase. Get a pen and write down your words in sequential order. If you ever lose access to your device, you can always return to your seed phrase and put in your 24 words. Do not share these 24 words with anybody.
Set Up A Name And Password For Your Wallet
Load Up Your Wallet With ADA
You can click “Receive” to show you your unique public address.
Also, set a collateral to ensure the wallet has enough funds for transactions if needed.
Final Thoughts
That’s the basics of installing Nami Wallet. You can now use Nami across all of the DApps in the Cardano ecosystem. We hope you find this helpful guide!
