There are a lot of things that you can do with a crypto wallet apart from dealing with digital assets. You can even transact NFTs through a crypto wallet. And in performing all these operations you might face obstacles on your way.
If your NFT-related transactions are getting failed every time then there is something that you must know. What’s that??
Sit tight, we will be discussing the major reasons in detail why your transactions are failing again and again.
Before getting into a detailed discussion of the reasons behind the failure of NFT transactions let’s have a look at the briefing on the MetaMask Wallet in order to develop a better understanding.
MetaMask Wallet- your companion in the crypto trade
MetaMask is a hot crypto wallet that is designed in a manner compatible with both mobile devices and computers/laptops. The crypto wallet is used to store, manage, and transact crypto activities in an efficient and organized manner. The wallet is considered well in terms of maintaining security and keeping the data of the user confidential.
As a part of security, if the user is willing to work with the MetaMask Wallet then he has to enter the security key (or the password) to unlock the wallet. This is so, to verify whether the real owner of the wallet is trying to look into his crypto funds or not. If someone other tries to access the wallet and enters an incorrect password multiple times then the account gets frozen to restrict the suspicious person from getting into the wallet account.
What are NFTs?
Non-fungible Tokens (or NFTs) are generally created using the same programming that is used for cryptocurrencies. The unique thing about these assets is that they can neither be replaced nor interchanged. On the other side, physical currency and cryptocurrencies are fungible which means that they can be traded or exchanged for one another.
The key lineaments of NFTs are as follows:
- NFTs are digital assets
- They are unique in a way that they cannot be forged or manipulated
- They are individual tokens with valuable information stored in them
- Unique data is prepared to make it easy to verify and validate the ownership along with the transfer of tokens between the owners
Throwing light on the reasons for transaction failure
In this section of the read, we will look into the error messages along with their meaning that often gets displayed on your screen with working with the MetaMask Wallet. They are as follows:
Reverted: This error message pops up on the screen when the transactions are not completed. The error message is notified by the network to reflect how the situation would be if you haven’t ever submitted it. What you can do in this case then?
You can turn back to check the marketplace or the NFT, whether you have already been transferred to another wallet address.
Pending or stuck: You’ll get this message when the gas fee is too low for the incentivized validators to pick it up and add the same to a block. In this case, you can either move ahead to cancel the transaction or speed up the same.
Out of gas: This message gets displayed when the gas limit fee of a transaction gets exhausted before the transaction is to be completed. In case of this error, you can try performing the transaction again after adjusting the gas limit fee in MetaMask Wallet.
Dropped or replaced: This situation occurs when the network because of several possible reasons disregards the transactions in favor of the other. The other case when this error pops up is when you deliberately attempt to replace a transaction.
Finishing it up!!
MetaMask Wallet comes among the most secure, compatible, and well-ranked crypto wallets to store and organize your crypto assets along with the NFTs. The above write-up was furnished to give you a resolution and reasons if your NFT-related transactions are getting failed.
If you still find it hard to manage and figure out the reason behind the transaction failure then you can get in touch with the support team of the wallet to get the best assistance.
