The Theta software incentivizes a global network of computers to operate a decentralized video streaming platform. It also allows developers to build decentralized applications on top of its blockchain. The protocol has two native cryptocurrencies, THETA coin, for voting on changes, and TFUEL, for executing transactions.
In this guide, we walk you through how you can add Theta to your MetaMask Wallet.
What is Theta & MetaMask?
TFUEL serves as both the gas and utility token in decentralized video and data delivery. It is used to power all operations on the Theta blockchain, like payments to relayers for sharing a video stream, for deploying and interacting with smart contracts, and as fees associated with transacting NFTs and DeFi applications. Relayers earn TFUEL for every video stream they relay to other users on the network.
MetaMask on the other hand is one of the most widely-used Wallets. You can send, receive, and manage tokens and cryptocurrencies from Ethereum, Binance Smart Chain, and other blockchains. With MetaMask, you can store NFTs, crypto art, and other crypto collectibles. Its browser extension is compatible with Chrome, Firefox, Edge, and Brave.
Step 1: Install MetaMask Extension on Chrome
This step is only for those who don't have MetaMask installed in their browser. For the purpose of this guide, we are using Chrome browser as an example but the principle steps are same when installing MetaMask in other browsers.
Check the number of downloads to make ensure the legitimate MetaMask is being installed as there are many fake MetaMask wallets.
Click the Add to Chrome button & you should have your wallet installed.
Once you’ve installed, MetaMask will appear as an extension and can easily be accessed through “Settings” on Google Chrome where you can pin the wallet extension for ease of access.
Step 2: Login to your MetaMask Wallet
If you are new to MetaMask, create a wallet after installing MetaMask which will require you to choose a password and store a recovery phrase (Make sure to store your recovery phrase in a safe place).
If you already have a wallet created then log in using your MetaMask password.
In order to log in, click on the MetaMask Chrome extension, enter your password, and click on “Unlock”.
Step 3: Set up Theta on MetaMask Wallet
Our final step is to set up the Theta network on your MetaMask wallet after you're logged in. Open the MetaMask wallet on a new browser tab by simply clicking on the MetaMask logo on the top right extension area.
Click the three dots in the top-right and select the “Expand view”.
By clicking on “Expand view” you will be able to interact with your MetaMask wallet interface on a larger screen.
In order to add a new chain network or switch between different blockchain networks, you'll need to click on the network tab which by default will show "Ethereum Mainnet" on the top right-hand corner.
Click on Add Network in order to add Theta network to your MetaMask Wallet.
Now you should be able to provide all the required Theta network details.
This includes the network name, new RPC URL, chain ID, currency symbol, and block explorer URL. Simply copy and paste the required chain info from below.
Theta mainnet info:
Network Name: Theta Mainnet New RPC URL: https://www.thetatoken.org/ ChainID: 361 Symbol: Theta Block Explorer: https://explorer.thetatoken.org/
Theta testnet info:
Network Name: Theta testnet New RPC URL: https://eth-rpc-api.thetatoken.org/rpc ChainID: 365 Symbol: Theta Block Explorer: https://testnet-explorer.thetatoken.org/
After entering all the required details, simply select “Save”. You will be redirected to your wallet where you will see the Theta network added.