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How SecuX’s NFT Wallet is Absolutely Changing NFT Storage Forever

Article By Michael Sadler / Image By Lena Wu / June 15, 2022

NFT wallet security specifically, but NFT storage generally, has been a major priority for digital asset investors in 2022. Recent NFT hack attempts at the behest of bad actors further push this priority to the foreground of enthusiasts worldwide.

With that in mind, we are excited to present the most secure NFT wallet on the market–freshly released by our research and development teams:

new nft cold storage The “Nifty” NFT wallet solution has a sleek design, ultra-light design and an LED touchscreen. Fun fun!

With the launch of “Nifty”, our new NFT wallet, holders now have a safe and secure way keep their jpegs safe from harm’s way.

By offering increased security and convenience, you’ll find it a comfortable choice for securely investing in NFTs.

If you’re not too familiar with the NFT asset class yet, don’t worry. We’ll cover the basics before learning more about our game-changing NFT wallet and how it can benefit you.

What are NFTs, anyways?

NFTs, or non-fungible tokens, are a unique crypto asset that has quickly gained popularity. They are different from other crypto assets because each one is unique (and thusly “non-fungible”).

Another NFT cannot replace yours, and each one has its own intrinsic value.

Bitcoin, for example, is fungible. One bitcoin is equivalent to another, meaning you can trade yours any time for another bitcoin, and it will have the same value.

NFTs on the other hand, are not interchangeable this way. If you own a certain NFT, there is no way for someone else to hold the same one.

This unique attribute makes NFTs an attractive investment option for those looking for something different.

NFT use cases today

NFTs are created through a process called minting. Minting occurs when a new NFT is created and added to the blockchain. This process can be done through various methods, such as mining or minting pools.

NFTs are often used in gaming and online collectables. One of the first widespread uses of NFTs was in the game CryptoKitties. Players could purchase and trade digital cats, each one with its unique attributes.

Since then, NFTs have exploded in popularity and can now be found in a variety of different applications. From gaming to online collectables to real estate, the possibilities are endless.

How are NFTs different from other crypto assets?

As we’ve mentioned above, NFTs are unique in that each one is different from the next, a stark contrast to other types of crypto assets. On crypto exchanges, your asset swap is backed by the exchange’s holdings. In the world of NFTs, however, your asset is only worth as much as someone is willing to pay for it on an open NFT marketplace like OpenSea, LooksRare or Rarible.

Popular NFT marketplaces include OpenSea, Rarible, and LooksRare.

Another difference between NFTs and other crypto assets is their relative adoption. This digital asset class is in its nascent stages, and we have not yet scratched the surface of its the wide variety of use cases!

With that in mind, purchasing NFTs should not be done with the anticipation of a positive return. While some collections yield high rewards, NFTs purchases should be considered to be “high risk”.

NFTs are artist-friendly

NFTs are revolutionizing the way artists can showcase and monetize their work, and with this new industry comes the need for secure storage solutions. Hardware wallets, also known as cold wallet, is a popular choice for artists looking to keep their NFTs safe. The crypto wallet keeps the private key needed to access the NFT offline, away from potential hacking threats. By using a hardware wallet, artists can rest assured that their valuable NFTs are secure.

Additionally, the use of royalties in the NFT industry adds another layer of complexity to the management of these digital assets. Crypto wallets can help manage these royalties, allowing artists to receive their deserved compensation for subsequent sales of their NFTs. With the rise of NFTs, it’s important for artists to consider using a hardware wallet to protect their valuable assets and ensure they maintain control over their work.

How to buy and sell NFTs

Now that you know a little more about NFTs, you may be wondering how you can get your hands on one!

Purchasing NFTs

To buy an NFT, you will first need to find a platform or application that supports them.

OpenSea is a great place to start. The largest online marketplace allows you to buy, sell, and trade various NFTs. You can also use OpenSea to auction off your assets or find new ones to add to your collection.

In doing so, we would of course recommend using an NFT wallet! Our Nifty wallet for non-fungible tokens is specifically designed for the safe storage of NFTs in a sovereign way. It allows you to store your tokens securely and easily access them whenever you need them!

This wallet offers a variety of features, such as support storing NFTs built across the multiple blockchains, a built-in exchange, and easy access to your tokens. It also allows you to set up multiple addresses to manage your assets efficiently.

Selling NFTs

A good bit more goes into selling NFTs than into buying them! So if you’re an artist, we’d recommend focusing on creating digital art that creates an impression on others, and investors may follow!

Another thing to consider is how to make sure as many people can see your art as possible, which means creating a good marketing strategy and using the right platforms.

On the topic of selling NFTs, this can also be executed through one of the NFT marketplaces.

Beware of scams–they are prevalent! Using the Nifty wallet will help ensure you fully understand how you’re interacting with blockchain smart contracts.

How does the SecuX Nifty wallet work?

To understand an NFT wallet, one must first understand the blockchain technology that NFTs are built on. The blockchain is a digital ledger that records all transactions on it. It is this technology that allows NFTs to be unique and trackable.