To continue, Keplr will ask you to select a new recovery phrase or to connect with Google. In this guide, we’ll use the Recovery Phrase. Remember to store your recovery phrase securely offline and never share it with anyone. If you lose your recovery phrase, you will lose the assets within the wallet.
Select “Create a new wallet” to start with a brand-new wallet. If you’ve previously had a wallet with Keplr, you can also select “Import an existing wallet”. Note that it’s not necessary to create a new wallet for each Cosmos-based asset with Keplr. You can simply deposit the assets of your selected network.
Terra is an open-source, Cosmos-based blockchain on which you can build applications and organizations using its available suite of developers tools. The ecosystem is fueled by its native cryptocurrency: $LUNA. Users can use $LUNA to pay transaction fees on the Terra blockchain, earn staking rewards, purchase NFTs, and vote on governance and trade.