Review: wallets for cryptogaming and collectibles
With the rise of cryptocollectibles over the past year and a half, wallets have had the need to step up to the players’ needs.
Collectibles have been the talk of the town in cryptogaming, and ever since the Kitties arrived (ok, so they weren’t the first collectible out there but it’s the game that put them on the map) you’ve been craving for more. the question here: but where do I house all my gooddies? The answer is: Cryptowallets.
What is a cryptowallet? It is a software program that can store private and public keys (there’s also hardware and paper wallets, but we won’t dive into those right now). It enables users to send, receive and monitor their cryptogooddies balance. In order to access many of the cryptogames out there, you need one of these to do your transactions and therefore, PLAY. Most of them interact with different blockchains but there are different types of wallets depending on what you’re looking for—some of them are compatible with 5 crypto coins and others, like Atomic Wallet work for at least 300 cryptocurrencies.
Many of your favorite games on Ethereum require you to install Metamask, and you might be very well acquainted with it. But what about some other wallets designed especially for storing and interacting with ERC-721 tokens? What other gaming features do they have? What are their strengths and weaknesses? Which of them are approved by popular games?
So how about we check some of the different purses and find the answers to all these questions for you?
- Release date: 2016 (it was submitted to the State of the dapps on December 9th, 2015)
- Supports: Ethereum, ERC-20.
- Platforms: Web (Chrome, Firefox, Opera, Brave browsers).
- Security: Seed phrase (secret backup phrase), privacy mode.
- Advantages: allows interaction with dApps; multiple accounts creation; US citizens can purchase ETH directly in Metamask.
- Disadvantages: browser access (not-so-secure, if you know what we mean); doesn’t display your precious collectibles.
Metamask, like we mentioned before, is one of the most popular wallets in the market and it presents itself as a bridge between you and Ethereum dapps, an extension you can install on your browser—Chrome, Firefox, Opera and Brave— to roam free through Cryptoland, enabling your browser to visit Ethereum-running websites. Their mission is to make Ethereum easy to use for as many people as possible. In addition to working as a browser extension, it also works as a web-based non-custodial wallet for ETH. So far it has more than 1M downloads, and in October of last year they announced they’d be bringing MetaMask for mobile phones, but we’re still waiting. All of these cool features have caused one or two problems regarding lookalikes and phishing, everyone wishes they were as cool as this fox, but the team has managed to keep them at bay and taking the fake sites down.
- Release date: April 2017 as Token browser, June 2017 as Toshi, August 2018 as Coinbase Wallet.
- Supports: Ethereum (they plan to be on more), ERC-20.
- Platforms: Android, iOS.
- Security: Secure enclave and biometric authentication technology; recovery phrase.
- Advantages: Mobile webview; allows browsing dApps; you can see all your tokens on display.
- Disadvantages: no transactions history; identity issues (we were really lost in these Token/Toshi/Coinbase sub-identities).
Coinbase wallet first came out as Token browser in 2017 as a mobile app for finding and using dapps, and 3 months later changed its name to Toshi, explaining that since the word token is a very used word in crypto, it was getting kind of confusing to talk about. In August 2018, Toshi wallet became Coinbase Wallet. Coinbase as a brand believes that in the future, all applications will be built on blockchain, but that’s just the cryptodream. When Token was designed by the Coinbase team, it became the world’s first mobile dapp browser. Then they were the first wallet to support cryptocollectibles, the reason we’re all here. The wallet came to life as an app ready to work on open protocols and last February went under redesign and started supporting ERC-20 and ERC-721 They decided to run on Ethereum since transaction fees for small transactions on Bitcoin are (still) too high.
Its main purpose is to bring financial services to people that have no access to those services in “traditional” economy, but has also become the platform of choice for entrepreneurs building mobile dapps that can be accessed through wallets and mobile devices. Though its main purpose is saving the (financial) world, it has been of great help bringing crypto closer to all.
- Release date: January 8, 2018 for Android; March 12, 2018 for iOS.
- Supports: Bitcoin, Ethereum, Litecoin, ERC-20, ERC-721, ERC-1155.
- Platforms: Android, iOS.
- Security: Rule of two encryption, Enjin Secure Keyboard, Ram encryption and screenshot blocking, recovery phrase.
- Advantages: no ads, adding custom ERC-20 tokens, setting gas limit and transaction costs, ERC-1155 support.
- Disadvantages: no 2 Factor Authentication.
- Partnership with games: all the games of Enjin Multiverse.
Released in early 2018, Enjin Wallet has soon found its niche and some fans. Even Metamask doesn’t support Bitcoin, while Enjin does, so it can be a rather all-in-one wallet for those with a huge portfolio of cryptocurrencies. Though security is a top priority for devs, as they say, Enjin Wallet still doesn’t have 2 Factor Authentication, which causes users’ dissatisfaction.
But we’re here not to trade Bitcoin, right? So we’re mostly interested in Enjin Wallet as a means of managing gaming assets. And it does well in this sphere. All your ERC-721 collectibles are ordered and streamlined to be displayed rapidly in your wallet. You can monitor your collectibles’ features like gen, rarity, level or other characteristics, and trade them easily and quickly. And you can also choose an optimal transaction fee while transferring collectibles (or any other assets, obviously). As for ERC-1155… Well, Enjin is the first ever wallet to support this standard. Pretty nice, isn’t it?
- Release date: August 31, 2018.
- Supports: Ethereum, ERC-721.
- Platforms: Android, iOS.
- Security: 12-word mnemoniс, Face ID, Touch ID.
- Advantages: in-app browser, allowing you to perform game actions exactly through your wallet; Lumi SDK, which can be integrated into dApps for ETH transactions including custom-built like breeding.
- Disadvantages: not many featured games (but you can add any game through url search); Lumi Collect and Lumi Wallet are separate apps.
- Partnership with games: CryptoKitties, Blockchain Cuties, 0xUniverse, Crypto Detective, Mann O'taur, Dragonereum, Everdragons, FCK.
Lumi Collect is the Lumi Wallet version for crypto collectors. Why don’t they just put full functionality in one app? Who knows, maybe crypto collectors have never had bitcoins and the need to transfer them? No offence, crypto collectors! Lumi Collect allows you not only to store collectibles, but also to monitor detailed in-game activity history and to play your favourite games right from your wallet. Wanna breed your CryptoKitty? Do it with this app! Unfortunately, the feature works just for a limited number of games now, and you can check the details on Lumi official site.
There’s also something special making Lumi Collect interesting for developers: Lumi SDK (Software Development Kit). It can be integrated into any game or dApp which needs a wallet to execute ETH transactions. SDK allows devs to create customized transactions perfectly suitable for their games: gifting, breeding, sending on adventures and so on.
- Release date: December 13, 2018.
- Supports: Ethereum, ERC-20, ERC-721.
- Platform: Android.
- Security: Android key store system (PIN/fingerprint security), backup phrase.
- Advantages: displays any ERC-721 collectibles; allows interaction with Ethereum dApps and Web3.
- Disadvantages: no iOS support; the need to download the unpopular Opera browser. Is there anyone who still uses it now?!
This wallet supports Ethereum only as it is currently the most popular blockchain for building dapps. They plan to expand to other blockchains in the future, but don’t they all? The main advantages for cryptogamers are support of any ERC-721 collectibles and the ability to interact with Ethereum dApps without installing browser extensions.
All these wallets share common features but it’s the little things that make the difference. Metamask has become crucial for accessing most Ethereum dApps, thus games. There are hundreds of different wallets out there, and how does one choose the best wallet for crypto gaming? Gameunculus doesn’t know! Lol, just kidding. He knows, but it depends on your needs and requirements. If you want all your collectibles displayed, you should definitely choose one of the aforementioned. Playing on your mobile? Mobile wallets are just for you. Prefer PC? Choose a web wallet instead. And don’t forget to check all the advantages and disadvantages that were meticulously collected by Gameunculus. Scared of making a wrong choice and need help? Come to our Twitter or Telegram, and we’ll make the choice for you, just like your momma always does.