New to NFTs and looking for a great wallet to store those precious assets of yours. Here are a few things to keep in mind.
No matter if you are new to the wonderful world of blockchain and NFTs, or if you are a seasoned trader and looking for a great wallet to keep track of your NFT portfolio when making your choice you should keep the following in mind.
NFTs exist on a multitude of blockchains, at the moment the most popular blockchains are Ethereum, Polygon, and Binance Smart Chain, while at the same time many others, such as Hedera, Avalanche, Flow, and Solana, are competing for a place in the spotlight.
It is fair to say that the blockchain ecosystem is relatively young, which makes the NFTs space even younger, so it is hard to foresee what the landscape will look like in 2 to 5 years, there is only one certainty and that is that NFTs are here to stay.
So when looking for a wallet to store your NFTs it is recommended to pick one that can support multiple blockchains.
Once you own NFTs, sooner or later there will come a point that you want to transfer your NFT to a different location or even sell or auction it on one of the popular NFT marketplaces. When picking a wallet, make sure it is at least connected to one of the more popular NFT marketplaces.
In the previous point, we address connectivity, well connectivity is all about compatibility. NFTs are based on an industry-standard, much like a modern cryptocurrency. When it comes down to NFT standards there are 2 main once
For your wallet to support all NFTs they should at least support the two standards listed above.
Once you have a list of wallets that can support NFTs on different blockchains it is time to look into the next requirement, security. Many people consider NFTs as a new form of investing, which is supported by certain NFTs being sold for staggering figures, resulting in potentially high valued NFTs portfolios.
Storing NFTs in a very secure wallet sounds maybe sounds like a no-brainer, but for some people, it is difficult to validate a certain wallet as secure. So here are a few tips on how you can vet your future wallet.
If your future wallet scores well in the above-mentioned segments then you have for sure one of the best wallets for storing NFTs.
For those among you that were hoping that we already researched it for you, apologies we didn’t 😃. We only know that our Venly wallet, can check all those above checkboxes, so be sure to check it out 💪.