Spending billions of dollars on artwork is of no use if you don’t have a place to store it properly. Considering the cyber attacks in this technology-oriented world, one should be cautious of the ownership of their digital assets. This advice applies to non-fungible tokens or NFTs that aren’t only art pieces but can represent anything from a music video/audio to creative image or digital personal identity documentation, car or homeownership, and academic titles, among other things. To avoid losing access to personal investments, learning how to store non-fungible assets may be a necessary discipline. Without blockchain, assets could be replicated or duplicated. However, the distributed ledger allows NFT artists to establish ownership of their assets, which cannot be duplicated due to the immutable nature of blockchain. As the money that flows into NFTs reached $2.5 million (NFT of the first-ever tweet of Jack Dorsey), it becomes crucial to store NFTs properly. Keep reading to understand how you can store NFTs safely to stay away from scams in the virtual world of cryptocurrencies, NFTs, and stablecoins. Why do NFTs need to be stored properly? Non-fungible tokens have become high-valued unique assets in recent months; hackers stole thousands of dollars worth of assets from accounts on the NFT marketplace Nifty Gateway. Consumers’ absence of two-factor authentication, according to the company, made it easier for hackers to spot ...
