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Introduction To Decentralized Applications (dApps) On Oxalus Wallet

Product Nov 2 2022

It is safe to say that Oxalus Wallet is now more focused to help you grow experiences. ​​DApps are apps that you interact with by using blockchain, which helps you get used to this new technology and gain more benefits from it . Oxalus Wallet has brought dApps closer to our users, you are able to easily access these applications seamlessly from your preferred browser. 

In this article, we’ll discuss the fundamental concepts of DApps and how you can enable the Oxalus Wallet DApps Browser on your devices.

What Is DApps?

Decentralized applications (also called Dapps, and dApps) are conceptually the same as traditional applications, which provide functions or utilities to their users. The critical difference is that DApps operate without human intervention and are not owned by any entity.

DApps are built on and powered by decentralized protocols, the majority of DApps are currently run on the Ethereum blockchain. Over the past few years, we have seen DApps being introduced in a wide range of fields: finance, marketplace, games, trading exchanges and so on. You can find a list of DApps here.

How Do DApps Make Money? 

Trading Crypto on DEXs

DEXs (Decentralized Exchanges) offers a virtually limitless range of tokens, from the well-known to the weird and totally random. So you can find a hot token in its infancy. Then swap your token to take the hottest tokens. Wait for the price to go up, and you take a bargain! 

Invest, Buy & Sell NFTs

NFT marketplace are a point of reference for both buyers and sellers. From Oxalus Wallet, it’s easy to access and connect to your  favorite marketplaces, and you can sell your NFTs to other investors. The basic principle behind this process is: you buy NFTs at a certain price and then sell it at a higher price.

In blockchain games, NFTs are commonly used to represent game characters and in-game goods. To own NFTs, players can complete tasks to achieve them. Players might make a profit by selling that NFTs in marketplaces.

For a detailed description, head to the piece list of more effective ways to get extra income from NFTs.

Earn Interest with Staking & Lending

Staking is processing when your coins are locked up and pledged to the cryptocurrency protocol. You will be received a reward after each time a new block of transactions is verified and added to the blockchain.
To Lend crypto, you need to find Dapp which offers a crypto interest account, which is similar to traditional savings accounts offered by banks.
Staking and Lending both ways lets you generate passive income on long-term crypto holdings. 

Get Started To Access Dapps With Oxalus Wallet

Connect Wallet - DAPPS

Connecting on Mobile:

Step 1: Locate the “Connect Wallet” button on the website you want to use.

Step 2: Select “WalletConnect” in the list of options.

Step 3: Choose “Oxalus Wallet” from the list of wallet apps. We will automatically open and a prompt will appear for you to select “Confirm”. And done!

Connecting on Website:

Step 1: Locate the “Connect Wallet” button on the website you want to use.

Step 2: Select “Oxalus Wallet” or  “WalletConnect”.

Step 3: Open Oxalus Wallet and tap on the “Scan” button on the home screen 

Step 4: A connection prompt will appear for you to select “Connect”. 

Keep in mind that, Be careful when connecting to DApps, and what permissions you give them. Do your own research before allowing access, and make sure DApps are legitimate.

>>> Join us on Oxalus Wallet App to receive more NFTs news, helpful hints, and hidden gems.

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