You can think of this as Foundation being the art gallery, Metamask as your purse, and ETH as your currency.
Foundation account
Foundation is a platform that lets creators use the Ethereum blockchain to value their work in entirely new ways, and build stronger connections with their supporters.
There are many NFT marketplaces, but I’m going to focus on Foundation in this doc.
Metamask wallet
MetaMask is a digital wallet that is specific to Ethereum. There are other wallets available, but Foundation uses MetaMask. It’s connected to your web browser as an extension where you can hold and spend ETH.
Ethereum
ETH is the cryptocurrency used for all transactions on the Ethereum network, and it’s the currency used on Foundation. All of the NFTs on the Foundation platform can be purchased with ETH.
Foundation
Instead of signing up for an account on Foundation with an email and password, all you need to do is connect your wallet.
Head to foundation.app and click“Connect Wallet.”
Assuming you don’t yet have a wallet, let’s set up one with Metamask, continuing with the steps below.
I pinned it up top of my browser to surface it better for the future
Select“Create a Wallet.”
Create a username and password.
Pay close attention to your uniquely assigned Secret Recovery Phrase, and store it somewhere safe. If you lose this series of words or forget what order they’re in, you will lose access to your wallet and it will be unrecoverable. Metamask recommends writing the phrase on a piece of paper and storing it in a memorable, safe, and secure spot.
⭐️ Security tips here:
Beware of phishing scams. Do not give out your seed phrase to anyone.
Never store your seed phrase in your iCloud notes app.
Do not take a picture of it stored on your phone or computer.
Confirm the phrase by placing all of the words in the correct order as they were assigned.
Now, MetaMask is set up and should appear in your browser extensions.
Finish setting up your Foundation account
You can then head back to Foundation and connect this Metamask wallet.
You can now continue setting up your account by doing things like claiming your username.
Now you’re ready to send your ETH from Coinbase to your wallet.
Coinbase will let you know when your ETH is available to send out, which can take up to 2 days if you purchased it with a debit card or up to 15 days if you used a bank transfer. Once your ETH is ready, send it from Coinbase to your wallet by opening up the MetaMask browser extension. Click on“Account” to copy your Ethereum address. Your Ethereum wallet address—which is similar to a bank account number—will let you transfer and receive crypto from anyone, anywhere in the world.
From the Coinbase website: Now head back to www.coinbase.com, select“Portfolio,” and find“Ethereum.” Click“Send,” and paste in your Ethereum wallet address from MetaMask in the“To” field. Double-check that you pasted in the full 42-character wallet address, if you send crypto to the wrong address you will not be able to get it back. Click“Continue,” then“Confirm” to send your ETH, it should take a few minutes to transfer.
Foundation account
Metamask wallet
Ethereum
Foundation
MetaMask
Finish setting up your Foundation account
Now you’re ready to send your ETH from Coinbase to your wallet.