Discovering Ledger Live Apps and What They Do
|— Ledger Live provides a secure gateway to access dApps and blockchain apps, allowing you to manage your cryptocurrencies, finances, NFTs and Crypto assets from one easy-to-use interface|
— Using Ledger Live Apps offers several benefits, including security, convenience, and ownership
— Ledger Live offers multiple web3 apps, and since it is open-source, that number is still growing.
So, you may be familiar with what Decentralized Apps (dApps) are, but how confident are you in using them? It’s no secret that interacting with the blockchain can be complex, time-consuming, and downright confusing. As a result, crypto users find themselves at risk of signing malicious transactions or sharing sensitive information with bad actors. Simply, the technical nature of tools can make it almost impossible to navigate the crypto market.
So how do you get involved with the blockchain’s many benefits while staying safe and in control of your assets?
Ledger Live: Making Web3 Apps Easy
Well, Ledger Live is a single app that exists to facilitate your interactions with the blockchain. Through its discover feature, it gives you access to multiple web3 apps in one place. You don’t have to worry about accessing each one separately, nor do you have to switch between them. Ledger Live’s discover feature is your key to functionality in the web3 ecosystem.
While it was once a difficult task, Ledger Live also facilitates the connection between web3 apps and your hardware wallet. This helps you ensure that your transactions are secure and encrypted so no malicious third parties can gain access to them. Furthermore, it removes the dangers of blind signing by providing you with human-readable transactions.
Lastly, and possibly most importantly, this offers you the opportunity to interact with web3 apps securely and with full ownership over your assets. Put simply, it’s a one-stop shop designed to make your crypto life much easier.
So, what kind of apps are on offer and how does Ledger Live help you use them? Let’s explore:
What are Ledger Live Apps?
Ledger Live Apps are blockchain apps you can access directly through the ‘Discover’ feature. These third-party applications let you extend the features of your Ledger device and your web3 experience, giving you more ways to use it.
So, how does it all work?
Put simply, Ledger Live has an easy-to-use interface that provides you with easy access to apps and decentralized apps (dApps).
To access them, you just need to click the “discover” tab in your Ledger Live app. This is your connection to apps and dApps from Ledger Partners. However, it’s important to keep in mind that Ledger does not operate the apps in the Live Apps Catalog. Rather, it acts as a gateway to facilitate the connection between you and these services.
But before you start exploring, let’s look at the types of Live Apps there are to choose from and why you might want to use them.
A Live App for Every Occasion
Ledger Live is much more than a traditional cryptocurrency wallet, it gives you access to a whole world of different applications. Whether you want to keep track of your money, stake some crypto, own NFTs, chat with others, or play games – there’s an app or dApp for every occasion.
Apps For NFTs
There are several NFT-related Live Apps. To explain, Non-fungible tokens (NFTs) represent unique or rare digital and real-world assets. Unlike other crypto assets or fiat currencies, NFTs cannot be divided into smaller parts. They are indivisible representations of information and value. The following apps offer ways to manage, store, or visualize NFTs.
[ LEDGER ] MARKET
[ Ledger ] Market is a platform designed to create, distribute, and store NFTs securely. It offers artists, brands, and curators the chance to produce customized collaborations and product drops whilst protecting their assets. [ Ledger ] Market’s artist-in-residence programs and curation features allow creators true ownership and control over their NFT experience.
POAP – Make Digital Memories
POAP is a Proof of Attendance Protocol that helps you keep track of your experiences. By becoming a POAP Collector, you can get a unique badge whenever you attend an event. These NFTs are stored on the Gnosis sidechain of Ethereum and provide an immutable, autonomous record commemorating those moments.
Objkt viewer – For Tezos NFTs
Objkt Viewer is a platform for visualizing your Tezos NFTs. Ledger Live provides you with a way to view the NFTs you hold and those that other people possess. This aspect of the platform allows you to see valuable details such as Descriptions, Properties, Attributes, and History.
Apps for DeFi
Decentralized finance (DeFi) applications use blockchain technology to create financial products and services outside of traditional banking systems, providing greater access to financial tools for anyone with an internet connection. Ledger Live now offers a diverse set of DeFi services so you have the chance to explore potential opportunities including swapping, staking, lending, and borrowing. Making you able to take full advantage of the power and potential of DeFi.
Yearn is a decentralized suite of products focused on yield. To explain, it allows you to optimise your profits via lending and borrowing. By using your hardware wallet and applying proper risk-management standards, you can achieve a high yield through DeFi protocols. You can access and deposit into Yearn vaults straight from Ledger Live.
ParaSwap is a comprehensive dApp that aggregates multiple decentralized exchanges (DEXs) to find the best exchange rate possible, ensuring a seamless user experience. With ParaSwap, you don’t need to worry about comparing rates – just set your preferences and let the platform do the work.
The 1Inch dApp also aggregates multiple DEXs on a single, intuitive platform to get you the best exchange rate available. 1inch is found in the Discover section of Ledger Live allowing you to swap cryptocurrencies safely and securely.
Another popular type of web3 app includes staking apps. Staking cryptocurrency provides an opportunity to generate a passive income stream while also improving the security and reliability of blockchain networks. Through staking, you are contributing to the blockchain’s defense against malicious attacks and helping make it easier for transactions to be processed. This is an increasingly attractive option for cryptocurrency owners who seek additional rewards in a secure environment.
Kiln is a protocol staking platform that enables you to lock ETH to fund a validator, earning rewards in return. Staking generates reliably high yields compared to other forms of crypto investments.
Lido is a decentralized staking service. Staking ETH through Ethereum can be a costly proposition; validators must put up 32 ETH, which is not exactly pocket change. But with Lido’s Liquid Staking service, you can provide any amount of ETH and receive stETH in exchange. Lido also simplifies the infrastructure needs of running a validator node so that anyone can easily participate in staking.
Decentralized messaging applications let you communicate with others without the need for a central authority or server, ensuring privacy and security.
Inbox by Dispatch
Inbox by Dispatch allows brands and token issuers to have direct access to their target audiences. The Dispatch protocol gives token issuers the ability to send messages from a ledger wallet to any blockchain address within the Ledger Live app, no longer relying on web2 consumer platforms and email addresses. Through this integration, you can have access to all types of messages from any project you are following, such as invitations to events, surveys with incentives, up-to-date company news, and more.
WalletChat is an app that allows users to send messages to other crypto wallets. It is similar to Inbox by Dispatch, but it also allows users to send messages from their crypto wallet to other crypto wallets. WalletChat makes it simple to contact NFT owners to negotiate a trade. At the click of a button, you can reach an owner directly by their wallet address or ENS so there is no need for third-party messaging services making it fast, easy, and secure.
Web3 created a new generation of gaming in which players earn real value. Blockchain games enable true ownership of in-game assets, allowing players to earn and trade value within the game.
Cometh – Free to play blockchain card game
Cometh Battle is a free-to-play tactical card game where you can play, earn, own, collect, and trade your NFT cards and spaceships. The game provides an exclusive platform for gamers to develop skills, test strategies and earn rewards. Through the game, you can make card and spaceship trades, compete in exciting 1v1 battles and tournaments, gain rewards, and build up a collection of cards and spacecraft.
Why You’d want to use dApps with Ledger Live
Whether you’re interested in staking, NFTs, messaging, or gaming, Ledger Live provides the ultimate crypto experience, allowing you to interact with web3 apps securely. While taking control of your assets may sound overwhelming, Ledger Live makes that a worry of the past, with a simple setup and the ability to connect to multiple apps.
Not only can you access popular apps, dApps, and coins directly, but Ledger Live also offers a way to contact help desks and support services. Besides that, it’s also open-source, meaning developers can build new dApps or integrations on its existing structure.
To conclude, Ledger Live is all you need to stay safe and secure in the ever-growing dApp market. Because Decentralized apps require decentralized solutions: something Ledger Live is happy to provide.