NFTs have been around for a while now. But after the roller coaster of the past few years, they have undergone several transformations. First, NFTs were the things to watch out for in 2021. Then, in 2022, came the crypto winter which seemed to spell doom for NFTs. However, the dawn of the new year showed signs of recovery, and now NFTs are, once again, on the road to becoming the tech of the future. And this time, it seems to be here to stay!
Several brands have been venturing into the NFT space, making this area extremely happening. Social Media platforms, too, have begun to roll out features that are friendly to digital assets and collectibles. And of course, you have NFT gaming marketplaces that let you earn simply by playing. The applications are becoming almost endless! So it’s clear that NFTs are becoming more accessible by the day. But how do you make sure they are completely safe? Read on to find out.
Protecting your NFTs
You can very easily buy an NFT on an NFT marketplace. Then, these assets are stored in crypto wallets like MetaMask, Trust Wallet, Coinbase Wallet, and so on. These wallets are completely safe and come with state-of-the-art security features. But there are always measures you can take to make your safety foolproof.
First, use unique passwords. Yes, it’s a cliche, but if it works it works! Next, protect your seed phrase. Software wallets are secured with a 12 to 24-word seed phrase. Make sure that only you know yours. Better yet, use a cold-storage hardware wallet that stores it offline. Even better, write it down and split it up into several locations so that it cannot be compromised. Another piece of advice that always holds true is to never click on links you can’t verify.
Closing thoughts
Getting into NFTs may be intimidating at first. But by simply taking a few precautions, you can give yourself the best and safest experience there is. Always remember to do your own research and go with what works for you! So here’s wishing you a happy NFT journey!
