Welcome to NFT.New York!
We’re excited to celebrate the incredible diversity and technological innovation of the NFT community.
We wanted to outline some important points when dealing with NFTs that everyone should know and pave the way for further education and discussion.
ownership: One of the things that Web3 enables is direct ownership of assets. Examples of different assets include cryptocurrencies, NFTs, artwork, inventory, and loyalty wallets (if you are a creator).
security: Ownership capacity therefore leads to issues of security and protection of assets (as well as inheritance). Why should you think about asset security, and how can you ensure that your assets can be delivered into the future?
collector: As an NFT collector, you are collecting NFTs from various blockchains. This ultimately means that there are a variety of wallets where you can store it. These wallets require backups. This is true even if you keep it in cold storage or a hardware wallet.
danger: There are risks at every turn when dealing with cryptocurrencies. This may include using rogue software (such as vulnerabilities in Metamask), theft from online exchanges or marketplaces, or theft of physical cold storage wallets. However, the most likely scenario that many people will face is that they haven’t written down their seed phrase (and their computer doesn’t work)!
A simple accident can lead to a major disaster.
It is very important to back up the wallet where your NFTs and artwork are stored. More than 50% of NFT collectors do not have access to media related to NFTs.
producer: If you are a creator, there are additional things you need to back up. Not only do you need to back up your original work, but you also need to back up your royalty wallet. Your Loyalty Wallet is the designated wallet where your balance and royalty payments will be deposited.
There are many reasons to consider how to protect your ever-expanding collection of NFTs and digital artwork. To learn more about the different ways you can protect your assets, visit securemycrypto.org.