Non-Fungible Tokens, or NFTs as they're commonly referred to, continue to be a relevant tool in validating emerging DeFi applications and Web3 projects.
Known to provide full ownership and control to artists and creators alike, they are an indispensable tool for the future of DeFi. So, how do you tap into the pool of opportunities presented by Non-Fungible Tokens? Well, first, you'll need to download Ultimate.
What is Ultimate?
A DeFi wallet application – that's what it is. But not just any DeFi wallet application; it makes the DeFi and Web3 experience intuitive and fun for everyone. Want a detailed dive into what Ultimate offers? Check out this comprehensive article.
What Is Tensor?
Tensor is a permissionless NFT marketplace built for the Solana ecosystem. It is considered the fastest and most advanced, as it utilizes the perks of the Solana blockchain, which include low transaction fees and high scalability or throughput. Tensor, co-founded by Ilja Moisejevs and Richard Wu, was released to the public in July 2022.
Explaining The Intersection Between Ultimate And Tensor
Ultimate was initially built on the Solana blockchain and later integrated with Ethereum and other Layer 2 solutions, such as Optimism, Arbitrum, and Polygon. However, it still maintains its identity as a Solana-based cryptocurrency wallet. With Tensor being an NFT platform and marketplace constructed on the Solana blockchain, the idea was born to integrate the Tensor DApp into Ultimate for an even more rewarding DeFi experience.
How to Easily Buy, Sell, and Mint NFTs on Ultimate via Tensor
To easily buy, sell and Mint NFTs on Ultimate via Tensor, follow the few steps provided below:
1. Download or install Ultimate from https://get.ultimate.app.
2. Launch the app and agree to the terms and policies.
3. Activate Device Authentication.
4. Add an Existing Solana Wallet or Create a New Solana Wallet.
5. At the bottom of your screen, you'll find a navigation menu. Tap on the "Browse" icon.
6 Click on the direct Tensor link provided at the top of your screen.
7. A pop-up will appear, requiring you to connect your Ultimate wallet.
8. Click on the menu at the top right of your screen and select the "Connect Wallet" option.
9. Connect your Ultimate wallet and begin trading.
1. Download or install Ultimate from https://get.ultimate.app
Using the link provided, get Ultimate from the AppStore or PlayStore. For clarification's sake, It is named Ultimate - Crypto DeFi Wallet and the app icon is the logo which is shown in the featured image of this post. The app size is less than 80MB so you wouldn't need to worry about device space.
2. Launch the app and agree to the terms and policies
Finished downloading and installing Ultimate? The next step is to launch it, in other words, simply open the app. It'll play a beautiful short welcome video and after it, you'll be left to hit the "Get Started" Button. A cautionary notification about your private key and recovery phrase will be displayed, below that notification you'll be required to accept the terms and policies of the app after going through it.
3. Activate Device Authentication
The next step is to activate device authentication which serves as a second layer of security for your wallet to prevent unauthorized access in the case of your device being in different hands. Keep your wallet safe by toggling on the device authentication and clicking on the "Continue" button below.
4. Add an Existing Solana Wallet or Create a New Solana Wallet
After that, you'll be directed to another interface with two options which are "Add existing wallet" and "Create new wallet" If you already have a Solana Wallet then click on "Add existing wallet" to import it. But if you don't then click on the "Create new wallet" option to create a new Solana wallet. Ultimate supports two wallets: Solana and Ethereum, so the two wallets will be created for you.
5. At the bottom of your screen, you'll find a navigation menu. Tap on the "Browse" icon
Now head over to the navigation menu at the bottom of your screen where you'll find the "Home" icon, "Discover" icon, "Browse" icon and "Activity" icon. Click on the "Browse" icon and you'll be directed to an interface that has a direct link to the Tensor NFT marketplace and platform.
6. Click on the direct Tensor link provided at the top of your screen
Now all you have to do is click on the link you find there, and you'll be directed to the Tensor web application. It is important to note that the "Browse" interface can also be used to navigate the web without leaving your Ultimate DeFi wallet. But then, for now, we're there for Tensor, so have you clicked the link yet? Alright. Another cautionary notification will pop up, click on the "Confirm" button provided.
7. A pop-up will appear, requiring you to connect your Ultimate wallet
You'll automatically be required to connect your Solana wallet via Ultimate after the Tensor web application loads up, so you'll do just that. This will grant Tensor access to your wallet, including displaying your portfolio or cryptocurrency balance amongst others. Please make sure you switch to "Wallet 1" which is the Solana wallet as your default wallet might be "Wallet 2" which is the Ethereum wallet.
8. Click on the menu at the top right of your screen and select the "Connect Wallet" option
But if you didn't get a "connect wallet" notification automatically, no worries. You can easily do that by clicking on the three horizontal lines at the top right of your mobile screen(the featured image is the desktop view and has the "connect wallet button displayed by default). These horizontal lines represent the menu, after clicking on it you'll see a "connect wallet" option, a "collect" option and a "trade" option. Click on the "connect wallet" option or button.
9. Connect your Ultimate wallet and begin trading
If successful, more options will appear on the menu under your connected wallet address. These options are "Inventory" "Received Offers" "Placed Offers" "Activity" "Orders & Bids" and "Favourites". Now go back to the Tensor web application homepage and trade NFTs and explore the marketplace!
Is Ultimate A Safe Wallet Application?
Ultimate provides 2 layers of security for your digital assets which are your private keys and your device authentication. And even in a situation of a compromise, the Blowfish defence integration will protect your assets by preventing suspicious transactions and unauthorized access.
Is Tensor A Profitable Marketplace?
Tensor is one of the fastest-growing NFT marketplaces on Solana. Since its public launch in July 2020, it has garnered well over 30,000 users with NFT transactions totalling over $7 million in volume.