NFT!

/n

If you&rsquo;ve read the previous sections in this Crypto 101 Handbook, you know that <strong>the topic of NFTs was already covered quite extensively</strong>. We&rsquo;ve discussed both what these crypto assets are, as well as, among other things, how you can start trading and storing them.</p>\n<p>However, what if flipping and trading NFTs isn&rsquo;t necessarily your cup of tea? What if, instead, you&rsquo;re a creative person who wants to launch their own non-fungible token, or perhaps even an entire collection? Well, all that you really need in that situation is to learn how to create NFTs.</p>\n<p>In this section, <strong>we&rsquo;re going to talk about how to create your own NFTs</strong>. Specifically, I will guide you through the entire process of creating your very first non-fungible token - everything from figuring out the direction that you might want to take, all the way to launching your project on one of the biggest NFT marketplaces in the world!</p>\n<p><em>Without further ado, let&rsquo;s get to it!</em></p>\n<h2>Figuring Out the Dos and Don&rsquo;ts</h2>\n<p>To start things off, <strong>I will assume that you&rsquo;ve already read the previous sections about NFTs in this chapter</strong>, and that you&rsquo;re at least somewhat familiar with the concept of what they are. If that&rsquo;s not the case, I highly recommend reading them, before continuing with this section!</p>\n<p>Now, then, before we get too deep into it, there are a few essential things that you need to decide, as you start learning how to create an NFT. For a quick reference, these things are:</p>\n<ul>\n<li>The purpose of your NFT;</li>\n<li>The art direction that you want to take;</li>\n<li>The properties that your NFT will have;</li>\n<li>The blockchain that you&rsquo;d want to launch your NFT on;</li>\n<li>The rarity, additional features, and so on.</li>\n</ul>\n<p>Most of these points will mostly be applicable to any type of NFT that you might want to create, but there are a few which are specific to NFT collections, instead of single tokens. That said, let&rsquo;s take a closer look at each of these mentioned points.</p>\n<h3>The Purpose of Your NFT</h3>\n<p>So, the very first thing that you need to decide when looking at how to create an NFT is the purpose of your project. This is one of those points that are rather self-explanatory - if you&rsquo;re creating an NFT, you probably have a pretty good idea of why you&rsquo;re doing so, right?</p>\n<p>This process of establishing a clear purpose is very important, however, since it will lead you all throughout your journey. Are you creating an NFT strictly to make a profit by selling it? Perhaps you&rsquo;re doing an art project, or a university assignment? All of these situations are frankly going to have different approaches, and different points that you&rsquo;d need to focus on!</p>\n<h3>Art Direction</h3>\n<p>Moving on, art direction is essentially the thing that will either set your NFT apart from the competition, or make it blend in with the thousands of other projects. It&rsquo;s the same as if you were to try and sell, say, custom-made coffee mugs - if your mugs look the exact same as those of hundreds of other sellers, chances are that you&rsquo;ll struggle to find success.</p>\n<p>On the flip side, if your coffee mugs are unique, even a bit eccentric, perhaps, there&rsquo;s a pretty good possibility that you&rsquo;ll find a customer base easier. The same is true with NFTs!</p>\n<p>I should, however, mention that this is something that will also depend heavily on who you are. I mean, if you&rsquo;re an artist who already has a distinct art style, I think that this point might seem pretty trivial to you. If you don&rsquo;t have any digital art skills, though, and will rely on others (for example, freelancers) to create the artwork for you, keep everything that I&rsquo;ve just told you in mind!</p>\n<h3>The Properties of the NFT</h3>\n<p>Next up, we have the properties of the actual NFT. This is mostly going to be important to you if you&rsquo;re looking at how to create an NFT collection, instead of a single non-fungible token.</p>\n<p><strong>Now, what are &ldquo;properties&rdquo;, in the context of NFTs?</strong> Well, think about it like this - if you&rsquo;re looking at how to create NFT art in the form of a drawing of some sort of a character, its properties could be the color of the character&rsquo;s hair, what they&rsquo;re wearing, the jewelry they have on them, their skin color, and so on.</p>\n<p>Essentially, it&rsquo;s like the description of the artwork - in a collection, all of these properties are likely going to be different, for each unit.</p>\n<p>Why is all of this important, in the first place? Well, it mainly has to do with <strong>the concept of rarity</strong>.</p>\n<p>Essentially, while you&rsquo;re looking at how to create your own NFTs, you&rsquo;ll learn that most NFT collections have a rarity system associated with their artwork - think of it as if it were collectible trading cards. Some of your tokens might be very common, while others - super-rare. This will eventually dictate the price of each piece of art, as well! Properties are a great way to differentiate between common and rare NFTs, within that same collection.</p>\n<h3>The Blockchain That You&rsquo;ll Launch Your NFT On</h3>\n<p>The next major point to consider, when you&rsquo;re learning how to create an NFT, is the network that you&rsquo;ll be launching that NFT on. This has a few different implications.</p>\n<p>First of all, in many cases, <strong>NFT launches may include paying a fee to mint your NFT on the blockchain</strong>. These days, there are various ways to get around this - postponing the minting process, allowing your future customers to mint the NFT themselves, and so on.</p>\n<p>It kind of answers the question of how much does it cost to create an NFT of your own, too. If you choose to learn how to create NFT art without coding, do the work yourself, and launch your project on a dedicated marketplace, your costs could be as low as zero!</p>\n<p>Sticking with the traditional model, however, you might have to pay some minting fees, unless you choose to mint the NFT on, say, the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-polygon-in-crypto/">Polygon blockchain. Different networks have different fees associated with them - some are negligible, while others could get pretty costly!</p>\n<p>That being said, <strong>it&rsquo;s important to consider the popularity of the blockchain network</strong>, as well. If you mint your NFTs on a network that&rsquo;s not really all that popular, and isn&rsquo;t supported by one of the big NFT marketplaces (like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/opensea/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>OpenSea</strong></a> or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/rarible/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Rarible</strong></a>), then your project could be doomed to fail, straight from the get-go.</p>\n<p>My advice here is to <strong>stick with &ldquo;the network that started it all&rdquo; - namely, Ethereum</strong>. Non-fungible tokens that are minted on the Ethereum network are exposed to a huge potential audience, since it&rsquo;s the most popular network to mint NFTs on, in the first place.</p>\n<p>At the same time, if you want to create NFTs for free, the aforementioned Polygon is a good option, as well. Being a <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-layer-2/">Layer-2 solution</strong></a> for Ethereum, it still retains the popularity aspect, but might offer super-low or even non-existent minting fees for your tokens!</p>\n<h3>Rarity, Benefits, Giveaways, etc.</h3>\n<p>The last point that you need to consider, when learning how to create NFTs, has to do with everything that surrounds your token project - in other words, all other important features that your NFT will possess.</p>\n<p><strong>Rarity</strong>, for example, is one such feature - it was already mentioned before, but rarity is really important, since it can create a strong <em>&ldquo;fear of missing out&rdquo;</em> feeling in potential future collectors. Depending on how many NFTs your collection will house, it&rsquo;s a good idea to think about the rarity system that you&rsquo;ll want to implement, as well! I mean, if you&rsquo;re looking at how to create 10,000 NFTs, it would probably be smart to employ a few custom rarity levels, too!</p>\n<p>Moving on, you should also consider any <strong>additional features</strong> that you&rsquo;ll want your NFTs to have. So, for example, imagine that, in addition to being a crypto enthusiast, you&rsquo;re also a musician, as well. Perhaps you have a new mixtape that you&rsquo;d like to share with the world? Or, maybe, you have concert tickets to see some famous band, and you&rsquo;re willing to give them up?</p>\n<p>Essentially, you could add <strong>additional benefits</strong> to your NFT! Whether it be something that only the initial buyer would receive, or a perk that all future holders of the token would get, it&rsquo;s completely up to you. This could definitely boost the value of your project, and make it more appealing!</p>\n<h2>Launching Your NFT Project</h2>\n<p>So, by now, you should have a pretty good idea of all the points that you&rsquo;ll need to cover with your NFT idea. If you have all of that figured out already, though, it&rsquo;s time to move on to the actual question of <strong>how to create an NFT</strong>!</p>\n<p>While there are a few ways of how we can approach this, I&rsquo;ll tell you about <strong>the OpenSea method</strong>. It&rsquo;s the most popular NFT marketplace on the planet, and learning how to create an NFT on OpenSea is super-fast and simple!</p>\n<p>Note, though, that there are other software to create NFT art out there, as well. However, if you learn the OpenSea route, you&rsquo;ll have some solid foundations, for any future endeavors of this kind!</p>\n<p>What you&rsquo;ll want to do first is navigate to the website, and then connect your crypto wallet to it. If you don&rsquo;t have a wallet yet, or would like to learn more about crypto wallets, in general, there are a few dedicated sections on the topic in this Crypto 101 Handbook - <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-a-crypto-wallet/">check them out</strong></a>!</p>\n<p>Once you have your wallet connected, you will then want to navigate to your profile, and click &ldquo;Create&rdquo;. This will bring you to the page where all of your NFT creation magic will happen!</p>\n<p>This is where you&rsquo;ll want to upload your artwork, name your NFT, as well as describe it, as best you can. On the same page, you will also be able to attach any and all properties or unlockable content that you might have come up with, to your NFT, and then choose the blockchain network that you want the token to be minted on.</p>\n<p><strong>Now, picking out a network is a really important step!</strong> As it was mentioned, though, if this is your first NFT mint, it&rsquo;s probably a good idea to stick to Ethereum or Polygon.</p>\n<p>Once you create your NFT, you will then be able to navigate to the sales page, and create a listing - namely, choose the price of the token, whether it&rsquo;s a fixed sale or an auction, and so on. The fantastic thing about OpenSea is that you won&rsquo;t really need to pay any gas fees, upfront - since the token will only be minted on the blockchain when someone purchases the NFT, this is when the minting fees will be paid, as well. <strong>So, essentially, if you were looking for how to create NFTs for free, this is the way!</strong></p>\n<p>As a quick side note, if you want to create an entire collection of NFTs, and not just a single token, you should first go to your profile on OpenSea, and navigate to the &ldquo;My Collections&rdquo; tab. You will be able to enter all of the important information about your collection here, and then add created NFTs to it later on.</p>\n<h2>Wrapping Up</h2>\n<p>That&rsquo;s about it, really - <strong>you now know how to create an NFT</strong> <strong>on OpenSea! </strong>The process has been made really simple and beginner-friendly, and there are arguably many more things to consider before you start creating your NFTs, rather than during the actual process.</p>\n<p>This isn&rsquo;t where your work ends, however - now that you have your NFT created and listed on the biggest non-fungible token marketplace in the world, the next step is to market it successfully!</p>","meta_title":"How to Create an NFT? A Step-by-Step Guide","meta_description":"Want to become a part of the NFT artist world? You're in luck because you'll find all the tips and tricks on how to create an NFT here!","meta_keywords":"how to create an nft, how to create nft art, how to create nft, create nft for free, how much does it cost to create an nft, create your own nft, how to create an nft on opensea, create nft art app, software to create nft art, how to create nft art without coding, how to create 10000 nfts","order":5,"language":"en","created_at":"2023-02-27T12:06:41.000000Z","updated_at":"2023-05-02T05:34:03.000000Z","modified_content":"<p>In this section, I&rsquo;m going to tell you how to create an <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFT!

/n

If you&rsquo;ve read the previous sections in this Crypto 101 Handbook, you know that <strong>the topic of NFTs was already covered quite extensively</strong>. We&rsquo;ve discussed both what these crypto assets are, as well as, among other things, how you can start trading and storing them.</p>\n<p>However, what if flipping and trading NFTs isn&rsquo;t necessarily your cup of tea? What if, instead, you&rsquo;re a creative person who wants to launch their own non-fungible token, or perhaps even an entire collection? Well, all that you really need in that situation is to learn how to create NFTs.</p>\n<p>In this section, <strong>we&rsquo;re going to talk about how to create your own NFTs</strong>. Specifically, I will guide you through the entire process of creating your very first non-fungible token - everything from figuring out the direction that you might want to take, all the way to launching your project on one of the biggest NFT marketplaces in the world!</p>\n<p><em>Without further ado, let&rsquo;s get to it!</em></p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 comparison-suggestion pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif/"/n alt=\"How to Create an NFT: Easiest Way (Animated Explainer)\"\n title=\"How to Create an NFT: Easiest Way (Animated Explainer)\" class=\"border-0\">\n <p>Video Explainer</p>\n </div>\n </div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: How to Create Your Own NFTs?</h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"How to Create Your Own NFTs?\" video explainer</p>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"Pdp654fGCu0\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"></div>\n <p class=\"text-left dyk-video-title\">How to Create an NFT: Easiest Way (Animated Explainer)</p>\n <img src=https://www.bitdegree.org/"https://i.ytimg.com/vi/Pdp654fGCu0/hq720.jpg/"/n alt=\"How to Create an NFT: Easiest Way (Animated Explainer)\"\n title=\"How to Create an NFT: Easiest Way (Animated Explainer)\"\n class=\"p-0\">\n <img class=\"play-button\" data-target=\"#video-modal\"\n src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/video-button.png/"/n alt=\"How to Create an NFT: Easiest Way (Animated Explainer)\">\n </div>\n </div>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"></i>\n </div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE</h4>\n <span>ON YOUTUBE</span>\n </div>\n </div>\n </a>\n </div>\n </div>\n </div>\n </div>\n</div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"Pdp654fGCu0\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"></i>\n </button>\n <div id=\"iframe\"></div>\n </div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/crypto-subscribe.jpg/" alt=\"Subscribe\">\n </div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE</span>\n </p>\n </div>\n </div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease</h4>\n <span>New explainer videos every week!</span>\n </div>\n </div>\n </div>\n </div>\n </a>\n </div>\n </div>\n</div>\n<h2>Figuring Out the Dos and Don&rsquo;ts</h2>\n<p>To start things off, <strong>I will assume that you&rsquo;ve already read the previous sections about NFTs in this chapter</strong>, and that you&rsquo;re at least somewhat familiar with the concept of what they are. If that&rsquo;s not the case, I highly recommend reading them, before continuing with this section!</p>\n<p>Now, then, before we get too deep into it, there are a few essential things that you need to decide, as you start learning how to create an NFT. For a quick reference, these things are:</p>\n<ul>\n<li>The purpose of your NFT;</li>\n<li>The art direction that you want to take;</li>\n<li>The properties that your NFT will have;</li>\n<li>The blockchain that you&rsquo;d want to launch your NFT on;</li>\n<li>The rarity, additional features, and so on.</li>\n</ul>\n<p>Most of these points will mostly be applicable to any type of NFT that you might want to create, but there are a few which are specific to NFT collections, instead of single tokens. That said, let&rsquo;s take a closer look at each of these mentioned points.</p>\n<h3>The Purpose of Your NFT</h3>\n<p>So, the very first thing that you need to decide when looking at how to create an NFT is the purpose of your project. This is one of those points that are rather self-explanatory - if you&rsquo;re creating an NFT, you probably have a pretty good idea of why you&rsquo;re doing so, right?</p>\n<p>This process of establishing a clear purpose is very important, however, since it will lead you all throughout your journey. Are you creating an NFT strictly to make a profit by selling it? Perhaps you&rsquo;re doing an art project, or a university assignment? All of these situations are frankly going to have different approaches, and different points that you&rsquo;d need to focus on!</p>\n<h3>Art Direction</h3>\n<p>Moving on, art direction is essentially the thing that will either set your NFT apart from the competition, or make it blend in with the thousands of other projects. It&rsquo;s the same as if you were to try and sell, say, custom-made coffee mugs - if your mugs look the exact same as those of hundreds of other sellers, chances are that you&rsquo;ll struggle to find success.</p>\n<p>On the flip side, if your coffee mugs are unique, even a bit eccentric, perhaps, there&rsquo;s a pretty good possibility that you&rsquo;ll find a customer base easier. The same is true with NFTs!</p>\n<p>I should, however, mention that this is something that will also depend heavily on who you are. I mean, if you&rsquo;re an artist who already has a distinct art style, I think that this point might seem pretty trivial to you. If you don&rsquo;t have any digital art skills, though, and will rely on others (for example, freelancers) to create the artwork for you, keep everything that I&rsquo;ve just told you in mind!</p>\n<h3>The Properties of the NFT</h3>\n<p>Next up, we have the properties of the actual NFT. This is mostly going to be important to you if you&rsquo;re looking at how to create an NFT collection, instead of a single non-fungible token.</p>\n<p><strong>Now, what are &ldquo;properties&rdquo;, in the context of NFTs?</strong> Well, think about it like this - if you&rsquo;re looking at how to create NFT art in the form of a drawing of some sort of a character, its properties could be the color of the character&rsquo;s hair, what they&rsquo;re wearing, the jewelry they have on them, their skin color, and so on.</p>\n<p>Essentially, it&rsquo;s like the description of the artwork - in a collection, all of these properties are likely going to be different, for each unit.</p>\n<p>Why is all of this important, in the first place? Well, it mainly has to do with <strong>the concept of rarity</strong>.</p>\n<p>Essentially, while you&rsquo;re looking at how to create your own NFTs, you&rsquo;ll learn that most NFT collections have a rarity system associated with their artwork - think of it as if it were collectible trading cards. Some of your tokens might be very common, while others - super-rare. This will eventually dictate the price of each piece of art, as well! Properties are a great way to differentiate between common and rare NFTs, within that same collection.</p>\n<h3>The Blockchain That You&rsquo;ll Launch Your NFT On</h3>\n<p>The next major point to consider, when you&rsquo;re learning how to create an NFT, is the network that you&rsquo;ll be launching that NFT on. This has a few different implications.</p>\n<p>First of all, in many cases, <strong>NFT launches may include paying a fee to mint your NFT on the blockchain</strong>. These days, there are various ways to get around this - postponing the minting process, allowing your future customers to mint the NFT themselves, and so on.</p>\n<p>It kind of answers the question of how much does it cost to create an NFT of your own, too. If you choose to learn how to create NFT art without coding, do the work yourself, and launch your project on a dedicated marketplace, your costs could be as low as zero!</p>\n<p>Sticking with the traditional model, however, you might have to pay some minting fees, unless you choose to mint the NFT on, say, the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-polygon-in-crypto/">Polygon blockchain. Different networks have different fees associated with them - some are negligible, while others could get pretty costly!</p>\n<p>That being said, <strong>it&rsquo;s important to consider the popularity of the blockchain network</strong>, as well. If you mint your NFTs on a network that&rsquo;s not really all that popular, and isn&rsquo;t supported by one of the big NFT marketplaces (like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/opensea/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>OpenSea</strong></a> or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/rarible/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Rarible</strong></a>), then your project could be doomed to fail, straight from the get-go.</p>\n<p>My advice here is to <strong>stick with &ldquo;the network that started it all&rdquo; - namely, Ethereum</strong>. Non-fungible tokens that are minted on the Ethereum network are exposed to a huge potential audience, since it&rsquo;s the most popular network to mint NFTs on, in the first place.</p>\n<p>At the same time, if you want to create NFTs for free, the aforementioned Polygon is a good option, as well. Being a <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-layer-2/">Layer-2 solution</strong></a> for Ethereum, it still retains the popularity aspect, but might offer super-low or even non-existent minting fees for your tokens!</p>\n<h3>Rarity, Benefits, Giveaways, etc.</h3>\n<p>The last point that you need to consider, when learning how to create NFTs, has to do with everything that surrounds your token project - in other words, all other important features that your NFT will possess.</p>\n<p><strong>Rarity</strong>, for example, is one such feature - it was already mentioned before, but rarity is really important, since it can create a strong <em>&ldquo;fear of missing out&rdquo;</em> feeling in potential future collectors. Depending on how many NFTs your collection will house, it&rsquo;s a good idea to think about the rarity system that you&rsquo;ll want to implement, as well! I mean, if you&rsquo;re looking at how to create 10,000 NFTs, it would probably be smart to employ a few custom rarity levels, too!</p>\n<p>Moving on, you should also consider any <strong>additional features</strong> that you&rsquo;ll want your NFTs to have. So, for example, imagine that, in addition to being a crypto enthusiast, you&rsquo;re also a musician, as well. Perhaps you have a new mixtape that you&rsquo;d like to share with the world? Or, maybe, you have concert tickets to see some famous band, and you&rsquo;re willing to give them up?</p>\n<p>Essentially, you could add <strong>additional benefits</strong> to your NFT! Whether it be something that only the initial buyer would receive, or a perk that all future holders of the token would get, it&rsquo;s completely up to you. This could definitely boost the value of your project, and make it more appealing!</p>\n<h2>Launching Your NFT Project</h2>\n<p>So, by now, you should have a pretty good idea of all the points that you&rsquo;ll need to cover with your NFT idea. If you have all of that figured out already, though, it&rsquo;s time to move on to the actual question of <strong>how to create an NFT</strong>!</p>\n<p>While there are a few ways of how we can approach this, I&rsquo;ll tell you about <strong>the OpenSea method</strong>. It&rsquo;s the most popular NFT marketplace on the planet, and learning how to create an NFT on OpenSea is super-fast and simple!</p>\n<p>Note, though, that there are other software to create NFT art out there, as well. However, if you learn the OpenSea route, you&rsquo;ll have some solid foundations, for any future endeavors of this kind!</p>\n<p>What you&rsquo;ll want to do first is navigate to the website, and then connect your crypto wallet to it. If you don&rsquo;t have a wallet yet, or would like to learn more about crypto wallets, in general, there are a few dedicated sections on the topic in this Crypto 101 Handbook - <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-a-crypto-wallet/">check them out</strong></a>!</p>\n<p>Once you have your wallet connected, you will then want to navigate to your profile, and click &ldquo;Create&rdquo;. This will bring you to the page where all of your NFT creation magic will happen!</p>\n<p>This is where you&rsquo;ll want to upload your artwork, name your NFT, as well as describe it, as best you can. On the same page, you will also be able to attach any and all properties or unlockable content that you might have come up with, to your NFT, and then choose the blockchain network that you want the token to be minted on.</p>\n<p><strong>Now, picking out a network is a really important step!</strong> As it was mentioned, though, if this is your first NFT mint, it&rsquo;s probably a good idea to stick to Ethereum or Polygon.</p>\n<p>Once you create your NFT, you will then be able to navigate to the sales page, and create a listing - namely, choose the price of the token, whether it&rsquo;s a fixed sale or an auction, and so on. The fantastic thing about OpenSea is that you won&rsquo;t really need to pay any gas fees, upfront - since the token will only be minted on the blockchain when someone purchases the NFT, this is when the minting fees will be paid, as well. <strong>So, essentially, if you were looking for how to create NFTs for free, this is the way!</strong></p>\n<p>As a quick side note, if you want to create an entire collection of NFTs, and not just a single token, you should first go to your profile on OpenSea, and navigate to the &ldquo;My Collections&rdquo; tab. You will be able to enter all of the important information about your collection here, and then add created NFTs to it later on.</p>\n<h2>Wrapping Up</h2>\n<p>That&rsquo;s about it, really - <strong>you now know how to create an NFT</strong> <strong>on OpenSea! </strong>The process has been made really simple and beginner-friendly, and there are arguably many more things to consider before you start creating your NFTs, rather than during the actual process.</p>\n<p>This isn&rsquo;t where your work ends, however - now that you have your NFT created and listed on the biggest non-fungible token marketplace in the world, the next step is to market it successfully!</p>","preview_url":"https://www.bitdegree.org/crypto/learn/how-to-create-an-nft","youtube_video":{"id":147,"channel_id":1,"sort":5,"video_title":"How to Create an NFT: Easiest Way (Animated Explainer)","description":"How to create an NFT?\n\nWhile trading and collecting NFTs is undoubtedly a very popular phenomenon nowadays, so is creating non-fungible tokens of your own. If you’ve never dealt with NFTs before, however, this process might come off as rather daunting and intimidating!\n\nIn this video, I will tell you how to create an NFT, from scratch! I’ll cover all of the important criteria to consider before the actual creation process, and then show you how to make your first NFT on the most popular non-fungible token marketplace in the world, step by step.\n\nHave you ever created an NFT? Make sure to share your experiences in the comments below the video!\n\nVideo Time Table:\n0:00 Introduction to How to Create an NFT\n1:51 The Purpose of Your NFT\n2:22 Art Direction\n3:11 The Properties of the NFT\n4:19 The Blockchain for Your NFT\n5:53 Other Important Features\n7:07 Launching Your NFT Project\n9:03 Wrap-up: How to Create an NFT?\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps://twitter.com/crypto_xplained\n\n#HowToCreateanNFT #OpenSea #NFT","video_id":"Pdp654fGCu0","duration":581,"view_count":176,"thumbnail_url":"https://i.ytimg.com/vi/Pdp654fGCu0/hq720.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2023-04-28 13:59:58","created_at":"2023-04-28T23:00:03.000000Z","updated_at":"2023-05-21T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}}},"prevSection":{"id":427,"featured_image_id":9674,"original_id":null,"youtube_video_id":139,"author_id":42,"translator_id":null,"chapter_id":5,"title":"Tips and Tricks of Choosing the Right NFTs","slug":"buying-nft","definition":"Did you know that the most important thing you should do before buying NFTs is thoroughly analyze the roadmap of the project in question?","status":"published","content":"<p>In this section, I&rsquo;m going to tell you about the dos and don&rsquo;ts of picking and buying <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs!

/n

NFTs are a real rollercoaster - that goes without saying! The best example of this is the <strong>NFT of Jack Dorsey&rsquo;s first-ever tweet</strong> - the Twitter co-founder initially sold it for $2.9 million, and when the new owner tried reselling it for close to $50 million, the highest bid he received was around $80,000, with the follow-up bid not even reaching $300. Just imagine how he felt!</p>\n<p>We&rsquo;ve all been there, though - bought NFTs that we really believed would rise in value, only for them to peak soon after, and then crash down, with no signs of recovery. This is why talking about the core aspects of finding the best NFTs is so important!</p>\n<p>In this section, you'll find out about the <strong>dos and don&rsquo;ts of picking the right NFT projects, and buying NFTs themselves</strong>. We&rsquo;ll talk a bit about how the general situation within the market influences the prices of NFTs, and then cover the biggest points to look out for, when trying to find the most promising NFT projects for yourself!</p>\n<p><em>Let&rsquo;s get to it!</em></p>\n<h2>NFTs and the General Crypto Market</h2>\n<p>So, to start off, let&rsquo;s address the elephant in the room. As you can imagine, there are some steps that you can take when it comes to analyzing NFT projects, <strong>asking &ldquo;what NFT should I buy?&rdquo;, and finding the &ldquo;right one&rdquo; for yourself</strong>. It&rsquo;s like, picking out a computer at the store - you look through the specs, see if the parameters suit your needs, and then make the purchase, if all seems fine!</p>\n<p>Sorting through NFT projects can become a bit more complicated, however, when you find yourself in a bear market - a period of time during which there are few new projects popping up, and the various crypto asset prices are crashing down, hard.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Crypto market.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-01.jpg/" alt=\"Buying NFT: Crypto market.\" width=\"1000\" height=\"662\" /></p>\n<p>Now, it&rsquo;s kind of an unwritten rule that, <strong>during bear markets, teams tend to concentrate on developing and building their projects</strong>, so that they could be launched when the market turns around. This, in turn, makes finding and buying NFTs quite a bit more difficult - there simply aren&rsquo;t as many top-notch projects to look at!</p>\n<p>Another point to be noted has to do with motivation, as well. Think about it this way - imagine that, at some point during the summer, as you browse through the internet on your computer, you get an ad for winter shoes. The price is decent, and the shoes do look warm - however, just how likely are you to actually purchase them, at that point in time?</p>\n<p>For most people, the likelihood of that happening is, frankly, rather slim! That&rsquo;s simply due to the fact that it&rsquo;s the middle of summer - you&rsquo;re thinking about pool parties and beaches, not winter shoes!</p>\n<p>The crypto market works the same way - even if you do find some amazing NFT projects, and learn how to invest in NFT technology, chances are that <strong>you&rsquo;ll have a difficult time re-selling those NFTs, if the market is currently experiencing negative sentiments</strong>.</p>\n<p>So, ya - that&rsquo;s essentially the first major thing that I wanted to point your attention to. When looking at how do you buy NFTs, do keep the general market situation in mind - it could save you a lot of money and patience, in the long run!</p>\n<h2>Design &amp; Originality</h2>\n<p>Now, moving on to the actual &ldquo;dos and don&rsquo;ts&rdquo; of buying NFTs, the very first step related to the actual NFTs would be for you to look at the <strong>design quality of the project, as well as its originality</strong>.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Unique NFT projects.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-02.jpg/" alt=\"Buying NFT: Unique NFT projects.\" width=\"1000\" height=\"550\" /></p>\n<p>Both of these aspects are very self-explanatory. It&rsquo;s like picking out a game to play - would you rather play a copy-pasted version of some popular game that you&rsquo;ve already seen dozens of times before, or a visually-stunning game with top-tier graphics and original storytelling?</p>\n<p>Naturally, probably everyone would pick the latter. The same applies to choosing NFTs, as well!</p>\n<p>By now, there are countless numbers of Bored Ape and CryptoPunk lookalikes. The wider NFT community knows this - projects like these don&rsquo;t really get a lot of attention anymore, and thus, they tend to perform&hellip; Let&rsquo;s just say, not so great.</p>\n<p><strong>Instead, your goal should be to look for unique NFT projects</strong>. This uniqueness could actually be anything - the design of the characters, some sort of a cool use case, an original twist on the tokenomics of the project - anything!</p>\n<p>That being said, it&rsquo;s probably obvious that <strong>visual appeal plays a big factor with non-fungible tokens</strong>. Thus, if you&rsquo;re thinking about flipping the NFTs in order to make a profit, make sure to look for the most interesting, eye-catching designs!</p>\n<h2>Development Team</h2>\n<p>Next, once you have a couple of projects in mind, and understand how to know what NFTs to buy, the second major thing that you should do is <strong>figure out who are the creators of your chosen NFTs</strong>.</p>\n<p>Now, this point&rsquo;s a bit tricky, because there are countless of really cool (and successful!) NFT projects that have anonymous developers behind them. It&rsquo;s kind of an intuition thing at that point - if you have a gut feeling that the developers of the NFT won&rsquo;t just randomly abandon the project, and that they&rsquo;re &ldquo;in it&rdquo; for the long term, the anonymity point becomes a bit more lenient.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: NFT community.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-03.jpg/" alt=\"Buying NFT: NFT community.\" width=\"1000\" height=\"552\" /></p>\n<p>That being said, you should still take the time and look into the developers (or, the general team) behind the NFT that you&rsquo;re thinking of buying. Even if they don&rsquo;t reveal their identities, you can still <strong>observe how they interact with the community</strong> - the way they talk, the things they say, how they respond to difficult questions, and so on.</p>\n<p>All of these things can really tell you a lot about how the project will be managed! It&rsquo;s actually something that can impact the price of your chosen NFT, quite a bit, especially in the long term.</p>\n<p>What you should not do, though, is trust developers who appear like they have something to hide, or who are actively dodging questions from the community. <strong>If there&rsquo;s any type of shadiness involved with the project, it&rsquo;s probably a good idea to avoid it</strong>, and move on to something else, completely.</p>\n<h2>Community Support</h2>\n<p>Looking at what makes an NFT valuable, imagine this: you&rsquo;ve come across an awesome-looking NFT project, noticed that it has some cool perks and features, and chatted with the developers, who seem to be very knowledgeable and positive. What do you think comes next, as a natural progression of things that you should do while picking out and buying an NFT?</p>\n<p>If you said <strong>&ldquo;community checks&rdquo;</strong>, you&rsquo;re on point!</p>\n<p>It could be the best, most revolutionary NFT project in the world - if it doesn&rsquo;t accumulate community support, and there&rsquo;s no hype behind it, it&rsquo;s very likely to flop, sooner rather than later.</p>\n<p>Once again - if you&rsquo;re interested in how to invest in NFT technology, <strong>strong community backing is an essential factor to consider and look into</strong>.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Social media.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-04.jpg/" alt=\"Buying NFT: Social media.\" width=\"1000\" height=\"548\" /></p>\n<p>How is something like this measured? Well, it&rsquo;s pretty simple, really - your quest should be to check out every existing social media platform that the NFT project has an associated account on. Twitter, Meta, Instagram, Telegram, Discord, and so on - you name it!</p>\n<p>The last couple of platforms - Telegram and Discord - are actually some of the best places to begin your search on. This is due to the interactive nature that they possess - chances are that you&rsquo;ll find the moderators or developers of the project chatting with their community on Discord, or answering questions on Telegram.</p>\n<p>Look at the numbers of followers that the project has amassed, the likes and shares that it receives, and the number of people talking about it, in general. All of these things work to create a pretty good general outlook on what the community is like, and whether or not buying this specific NFT is the right pick for you!</p>\n<p>One more point that I&rsquo;d like to mention here is that <strong>there are some sneaky people out there</strong>. Specifically, there are traders who are selling themselves their NFTs, thus artificially inflating their price. These can be rogue, individual traders, or even entire communities, as well.</p>\n<p><strong>How do you spot something like this? </strong>Well, you need to look at the history of the NFT - how many times it has been traded, what are the wallet addresses of previous owners, whether or not they repeat themselves throughout the trading history, and so on. Make sure to keep an eye out for this form of trickery!</p>\n<h2>Project Roadmap - A Key Factor to Consider</h2>\n<p>Moving on, the next major thing to consider when you&rsquo;re looking at buying NFTs with the most potential is the roadmap of the project.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Project roadmap.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-05.jpg/" alt=\"Buying NFT: Project roadmap.\" width=\"1000\" height=\"563\" /></p>\n<p><strong>I cannot stress this enough -</strong> <strong>it&rsquo;s an absolutely essential factor that needs to be looked into! </strong>Think about it like this - imagine that you planned a trip, and wanted to fly from London to New York. You buy your ticket and board the plane. The pilots, however, don&rsquo;t have a flight plan - they just take off, and fly straight. There&rsquo;s a pretty good chance that you&rsquo;ll end up somewhere flying like this, but it&rsquo;s likely not going to be New York.</p>\n<p>The same logic can be applied to NFT projects, and your consideration of how to know which NFT to buy. If the creators behind the NFTs don&rsquo;t really have a solid plan where they want to take the project, this could result in failure, really fast. Sure, there might be some initial hype, and if the NFTs are really cool-looking, they could generate a few sales - however, in the long run, chances are that the community would abandon this project for a more planned-out one, pretty soon.</p>\n<p><strong>It&rsquo;s not enough to simply &ldquo;take a look&rdquo; at the roadmap, though</strong>. You need to analyze what features the project possesses, what are the planned future updates, where will the money from the sales go, what platforms the NFTs are going to be hosted on, whether or not there is going to be a DAO, airdrops, giveaways, celebrity promotions, and so on.</p>\n<p>That is, admittedly, a lot to cover! These aspects, however, can really help you differentiate between solid and well-rounded projects, and rug pulls in the making.</p>\n<p>Not familiar with the term? It&rsquo;s a type of scam that&rsquo;s rather common in the crypto and NFT spaces - check out the dedicated <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto/">section on this topic, to both get familiar with this concept, as well as learn how to spot and avoid potential rug pulls, wherever they might be!</p>\n<p>As a final point that needs to be mentioned, when you&rsquo;re reading through the roadmap of the project, you will eventually come across a section about <strong>the minting process of the NFT, and everything that relates to it</strong>. Make sure to pay extra close attention to this part of the roadmap.</p>\n<p>Essentially, this is where you&rsquo;ll be able to learn about how the NFTs were minted, how the rarity system works, and even about the floor price of the non-fungible tokens, when they&rsquo;re finally released. All of this information will give you a better idea of how the project works, and whether or not it&rsquo;s the right choice for you!</p>\n<h2>Conclusions</h2>\n<p>I do hope that you&rsquo;ve learned a lot, and now know what to look out for! Whether it be traders selling themselves their NFTs, or questions such as &ldquo;how to know what NFTs to buy?&rdquo;, in general, we&rsquo;ve covered all of the big aspects that you need to know, in order to make the right decisions!</p>","meta_title":"Buying NFTs: How to Choose Correctly?","meta_description":"Are you thinking about buying NFTs but don't know where to start and what to look out for? You'll find all the do's and don't right here!","meta_keywords":"buying nft, most valuable nft, what nft should i buy, how do you buy nft, what makes an nft valuable, traders are selling themselves their nfts, how to know which nft to buy, how to know what nfts to buy, how to invest in nft technology, buying an nft","order":3,"language":"en","created_at":"2023-02-27T11:27:31.000000Z","updated_at":"2023-03-02T07:26:17.000000Z","modified_content":"<p>In this section, I&rsquo;m going to tell you about the dos and don&rsquo;ts of picking and buying <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs!

/n

NFTs are a real rollercoaster - that goes without saying! The best example of this is the <strong>NFT of Jack Dorsey&rsquo;s first-ever tweet</strong> - the Twitter co-founder initially sold it for $2.9 million, and when the new owner tried reselling it for close to $50 million, the highest bid he received was around $80,000, with the follow-up bid not even reaching $300. Just imagine how he felt!</p>\n<p>We&rsquo;ve all been there, though - bought NFTs that we really believed would rise in value, only for them to peak soon after, and then crash down, with no signs of recovery. This is why talking about the core aspects of finding the best NFTs is so important!</p>\n<p>In this section, you'll find out about the <strong>dos and don&rsquo;ts of picking the right NFT projects, and buying NFTs themselves</strong>. We&rsquo;ll talk a bit about how the general situation within the market influences the prices of NFTs, and then cover the biggest points to look out for, when trying to find the most promising NFT projects for yourself!</p>\n<p><em>Let&rsquo;s get to it!</em></p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 comparison-suggestion pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif/"/n alt=\"How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)\"\n title=\"How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)\" class=\"border-0\">\n <p>Video Explainer</p>\n </div>\n </div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: Tips and Tricks of Choosing the Right NFTs</h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"Tips and Tricks of Choosing the Right NFTs\" video explainer</p>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"PyV3MIMMc3M\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"></div>\n <p class=\"text-left dyk-video-title\">How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)</p>\n <img src=https://www.bitdegree.org/"https://i.ytimg.com/vi/PyV3MIMMc3M/hq720.jpg/"/n alt=\"How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)\"\n title=\"How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)\"\n class=\"p-0\">\n <img class=\"play-button\" data-target=\"#video-modal\"\n src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/video-button.png/"/n alt=\"How to Pick the Right NFTs? (Animated DOs &amp; DON&#039;Ts)\">\n </div>\n </div>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"></i>\n </div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE</h4>\n <span>ON YOUTUBE</span>\n </div>\n </div>\n </a>\n </div>\n </div>\n </div>\n </div>\n</div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"PyV3MIMMc3M\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"></i>\n </button>\n <div id=\"iframe\"></div>\n </div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/crypto-subscribe.jpg/" alt=\"Subscribe\">\n </div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE</span>\n </p>\n </div>\n </div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease</h4>\n <span>New explainer videos every week!</span>\n </div>\n </div>\n </div>\n </div>\n </a>\n </div>\n </div>\n</div>\n<h2>NFTs and the General Crypto Market</h2>\n<p>So, to start off, let&rsquo;s address the elephant in the room. As you can imagine, there are some steps that you can take when it comes to analyzing NFT projects, <strong>asking &ldquo;what NFT should I buy?&rdquo;, and finding the &ldquo;right one&rdquo; for yourself</strong>. It&rsquo;s like, picking out a computer at the store - you look through the specs, see if the parameters suit your needs, and then make the purchase, if all seems fine!</p>\n<p>Sorting through NFT projects can become a bit more complicated, however, when you find yourself in a bear market - a period of time during which there are few new projects popping up, and the various crypto asset prices are crashing down, hard.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Crypto market.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-01.jpg/" alt=\"Buying NFT: Crypto market.\" width=\"1000\" height=\"662\" /></p>\n<p>Now, it&rsquo;s kind of an unwritten rule that, <strong>during bear markets, teams tend to concentrate on developing and building their projects</strong>, so that they could be launched when the market turns around. This, in turn, makes finding and buying NFTs quite a bit more difficult - there simply aren&rsquo;t as many top-notch projects to look at!</p>\n<p>Another point to be noted has to do with motivation, as well. Think about it this way - imagine that, at some point during the summer, as you browse through the internet on your computer, you get an ad for winter shoes. The price is decent, and the shoes do look warm - however, just how likely are you to actually purchase them, at that point in time?</p>\n<p>For most people, the likelihood of that happening is, frankly, rather slim! That&rsquo;s simply due to the fact that it&rsquo;s the middle of summer - you&rsquo;re thinking about pool parties and beaches, not winter shoes!</p>\n<p>The crypto market works the same way - even if you do find some amazing NFT projects, and learn how to invest in NFT technology, chances are that <strong>you&rsquo;ll have a difficult time re-selling those NFTs, if the market is currently experiencing negative sentiments</strong>.</p>\n<p>So, ya - that&rsquo;s essentially the first major thing that I wanted to point your attention to. When looking at how do you buy NFTs, do keep the general market situation in mind - it could save you a lot of money and patience, in the long run!</p>\n<h2>Design &amp; Originality</h2>\n<p>Now, moving on to the actual &ldquo;dos and don&rsquo;ts&rdquo; of buying NFTs, the very first step related to the actual NFTs would be for you to look at the <strong>design quality of the project, as well as its originality</strong>.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Unique NFT projects.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-02.jpg/" alt=\"Buying NFT: Unique NFT projects.\" width=\"1000\" height=\"550\" /></p>\n<p>Both of these aspects are very self-explanatory. It&rsquo;s like picking out a game to play - would you rather play a copy-pasted version of some popular game that you&rsquo;ve already seen dozens of times before, or a visually-stunning game with top-tier graphics and original storytelling?</p>\n<p>Naturally, probably everyone would pick the latter. The same applies to choosing NFTs, as well!</p>\n<p>By now, there are countless numbers of Bored Ape and CryptoPunk lookalikes. The wider NFT community knows this - projects like these don&rsquo;t really get a lot of attention anymore, and thus, they tend to perform&hellip; Let&rsquo;s just say, not so great.</p>\n<p><strong>Instead, your goal should be to look for unique NFT projects</strong>. This uniqueness could actually be anything - the design of the characters, some sort of a cool use case, an original twist on the tokenomics of the project - anything!</p>\n<p>That being said, it&rsquo;s probably obvious that <strong>visual appeal plays a big factor with non-fungible tokens</strong>. Thus, if you&rsquo;re thinking about flipping the NFTs in order to make a profit, make sure to look for the most interesting, eye-catching designs!</p>\n<h2>Development Team</h2>\n<p>Next, once you have a couple of projects in mind, and understand how to know what NFTs to buy, the second major thing that you should do is <strong>figure out who are the creators of your chosen NFTs</strong>.</p>\n<p>Now, this point&rsquo;s a bit tricky, because there are countless of really cool (and successful!) NFT projects that have anonymous developers behind them. It&rsquo;s kind of an intuition thing at that point - if you have a gut feeling that the developers of the NFT won&rsquo;t just randomly abandon the project, and that they&rsquo;re &ldquo;in it&rdquo; for the long term, the anonymity point becomes a bit more lenient.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: NFT community.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-03.jpg/" alt=\"Buying NFT: NFT community.\" width=\"1000\" height=\"552\" /></p>\n<p>That being said, you should still take the time and look into the developers (or, the general team) behind the NFT that you&rsquo;re thinking of buying. Even if they don&rsquo;t reveal their identities, you can still <strong>observe how they interact with the community</strong> - the way they talk, the things they say, how they respond to difficult questions, and so on.</p>\n<p>All of these things can really tell you a lot about how the project will be managed! It&rsquo;s actually something that can impact the price of your chosen NFT, quite a bit, especially in the long term.</p>\n<p>What you should not do, though, is trust developers who appear like they have something to hide, or who are actively dodging questions from the community. <strong>If there&rsquo;s any type of shadiness involved with the project, it&rsquo;s probably a good idea to avoid it</strong>, and move on to something else, completely.</p>\n<h2>Community Support</h2>\n<p>Looking at what makes an NFT valuable, imagine this: you&rsquo;ve come across an awesome-looking NFT project, noticed that it has some cool perks and features, and chatted with the developers, who seem to be very knowledgeable and positive. What do you think comes next, as a natural progression of things that you should do while picking out and buying an NFT?</p>\n<p>If you said <strong>&ldquo;community checks&rdquo;</strong>, you&rsquo;re on point!</p>\n<p>It could be the best, most revolutionary NFT project in the world - if it doesn&rsquo;t accumulate community support, and there&rsquo;s no hype behind it, it&rsquo;s very likely to flop, sooner rather than later.</p>\n<p>Once again - if you&rsquo;re interested in how to invest in NFT technology, <strong>strong community backing is an essential factor to consider and look into</strong>.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Social media.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-04.jpg/" alt=\"Buying NFT: Social media.\" width=\"1000\" height=\"548\" /></p>\n<p>How is something like this measured? Well, it&rsquo;s pretty simple, really - your quest should be to check out every existing social media platform that the NFT project has an associated account on. Twitter, Meta, Instagram, Telegram, Discord, and so on - you name it!</p>\n<p>The last couple of platforms - Telegram and Discord - are actually some of the best places to begin your search on. This is due to the interactive nature that they possess - chances are that you&rsquo;ll find the moderators or developers of the project chatting with their community on Discord, or answering questions on Telegram.</p>\n<p>Look at the numbers of followers that the project has amassed, the likes and shares that it receives, and the number of people talking about it, in general. All of these things work to create a pretty good general outlook on what the community is like, and whether or not buying this specific NFT is the right pick for you!</p>\n<p>One more point that I&rsquo;d like to mention here is that <strong>there are some sneaky people out there</strong>. Specifically, there are traders who are selling themselves their NFTs, thus artificially inflating their price. These can be rogue, individual traders, or even entire communities, as well.</p>\n<p><strong>How do you spot something like this? </strong>Well, you need to look at the history of the NFT - how many times it has been traded, what are the wallet addresses of previous owners, whether or not they repeat themselves throughout the trading history, and so on. Make sure to keep an eye out for this form of trickery!</p>\n<h2>Project Roadmap - A Key Factor to Consider</h2>\n<p>Moving on, the next major thing to consider when you&rsquo;re looking at buying NFTs with the most potential is the roadmap of the project.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Buying NFT: Project roadmap.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/buying-nft-05.jpg/" alt=\"Buying NFT: Project roadmap.\" width=\"1000\" height=\"563\" /></p>\n<p><strong>I cannot stress this enough -</strong> <strong>it&rsquo;s an absolutely essential factor that needs to be looked into! </strong>Think about it like this - imagine that you planned a trip, and wanted to fly from London to New York. You buy your ticket and board the plane. The pilots, however, don&rsquo;t have a flight plan - they just take off, and fly straight. There&rsquo;s a pretty good chance that you&rsquo;ll end up somewhere flying like this, but it&rsquo;s likely not going to be New York.</p>\n<p>The same logic can be applied to NFT projects, and your consideration of how to know which NFT to buy. If the creators behind the NFTs don&rsquo;t really have a solid plan where they want to take the project, this could result in failure, really fast. Sure, there might be some initial hype, and if the NFTs are really cool-looking, they could generate a few sales - however, in the long run, chances are that the community would abandon this project for a more planned-out one, pretty soon.</p>\n<p><strong>It&rsquo;s not enough to simply &ldquo;take a look&rdquo; at the roadmap, though</strong>. You need to analyze what features the project possesses, what are the planned future updates, where will the money from the sales go, what platforms the NFTs are going to be hosted on, whether or not there is going to be a DAO, airdrops, giveaways, celebrity promotions, and so on.</p>\n<p>That is, admittedly, a lot to cover! These aspects, however, can really help you differentiate between solid and well-rounded projects, and rug pulls in the making.</p>\n<p>Not familiar with the term? It&rsquo;s a type of scam that&rsquo;s rather common in the crypto and NFT spaces - check out the dedicated <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto/">section on this topic, to both get familiar with this concept, as well as learn how to spot and avoid potential rug pulls, wherever they might be!</p>\n<p>As a final point that needs to be mentioned, when you&rsquo;re reading through the roadmap of the project, you will eventually come across a section about <strong>the minting process of the NFT, and everything that relates to it</strong>. Make sure to pay extra close attention to this part of the roadmap.</p>\n<p>Essentially, this is where you&rsquo;ll be able to learn about how the NFTs were minted, how the rarity system works, and even about the floor price of the non-fungible tokens, when they&rsquo;re finally released. All of this information will give you a better idea of how the project works, and whether or not it&rsquo;s the right choice for you!</p>\n<h2>Conclusions</h2>\n<p>I do hope that you&rsquo;ve learned a lot, and now know what to look out for! Whether it be traders selling themselves their NFTs, or questions such as &ldquo;how to know what NFTs to buy?&rdquo;, in general, we&rsquo;ve covered all of the big aspects that you need to know, in order to make the right decisions!</p>","preview_url":"https://www.bitdegree.org/crypto/learn/buying-nft","youtube_video":{"id":139,"channel_id":1,"sort":12,"video_title":"How to Pick the Right NFTs? (Animated DOs & DON'Ts)","description":"How should you pick the right NFT?\n\nNFTs can be a really exciting topic - so much so, that it’s easy to get lost in the world of beautiful digital art and collectibles. This is why it’s important to understand how to pick the right NFTs for yourself, whether it be for investment purposes, building a collection, or else.\n\nIn this video, I will tell you about exactly that - the dos and don’ts of finding the best NFTs. I will explain how the general market trends can influence the NFT industry (and why that’s relevant), and then we’ll cover the most important aspects to keep in mind when choosing the right NFTs for yourself.\n\nDo you have any tips about finding and picking out the best NFT projects? Make sure to share your experiences in the comment section below!\n\nVideo Time Table:\n0:00 Introduction to How to Pick the Right NFTs\n1:09 NFTs & the General Crypto Market\n2:49 NFT Design & Originality\n3:54 Development Team Behind the NFTs\n5:00 Community Support\n6:51 Project Roadmap\n8:22 The Minting Process\n8:50 Wrap-up: How to Pick the Right NFTs\n\nMore related videos:\n🎨 What is an NFT? https://www.youtube.com/watch?v=YL0-sEzDDNI\n🎨 How to Trade NFTs Safely? https://www.youtube.com/watch?v=zxx-yQr9YpU\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps://twitter.com/crypto_xplained\n\n#NFT #BuyingNft #WhatNftShouldIBuy","video_id":"PyV3MIMMc3M","duration":563,"view_count":139,"thumbnail_url":"https://i.ytimg.com/vi/PyV3MIMMc3M/hq720.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2023-02-24 16:00:29","created_at":"2023-02-24T23:00:07.000000Z","updated_at":"2023-05-21T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}}},"chapterTitle":"NFTs","cryptoBookSection":{"id":426,"featured_image_id":9873,"original_id":null,"youtube_video_id":141,"author_id":42,"translator_id":null,"chapter_id":5,"title":"How to Store NFTs: Best Practices","slug":"how-to-store-nft","definition":"Did you know that there are three different options for storing NFTs?","status":"published","content":"<p>In this section, I&rsquo;m going to tell you everything that you need to know about how to store <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs!

/n

As the non-fungible token market sees increasing popularity and a growing number of use cases, so do the risks associated with NFT theft expand, as well. There are some real horror stories about people losing incredibly valuable NFTs to scammers and hackers, alike!</p>\n<p>All of those stories have something in common, however - some sort of an oversight that allowed the said scammers to access the NFT holders&rsquo; wallets, and steal their tokens. This is why it&rsquo;s crucial to learn about the best NFT storing safety practices, as soon as possible!</p>\n<p><strong>In this section, we&rsquo;re going to talk about NFT storage</strong>. Specifically, I will tell you about the most notable NFT safekeeping practices, and the best places where to store NFTs, as well. In addition to that, I will also give you a few tips on how to avoid putting your NFTs in jeopardy, in general.</p>\n<p><em>Let&rsquo;s get to it!</em></p>\n<h2>First Things First - Before You Acquire Your NFTs</h2>\n<p>To start things off, we need to very quickly talk about the process of acquiring your first NFTs. Now, I won&rsquo;t go into detail about what this entails - if you&rsquo;d like to learn about <strong>NFT trading</strong>, I highly recommend checking out a <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/how-to-trade-nfts/">section dedicated to this topic.</p>\n<p>Instead, for now, I just want to run through a few <strong>safety tips</strong> that you should utilize, when you&rsquo;re just starting out within the industry. While it&rsquo;s not yet directly related to the question of how to store NFTs, you will eventually see how it all ties in.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Essential safety tips.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-06.jpg/" alt=\"How to store NFTs: Essential safety tips.\" width=\"1000\" height=\"571\" /></p>\n<p>So, whenever you want to start acquiring non-fungible tokens, there are essentially three points that you need to consider, and look into:</p>\n<ul>\n<li>The safety level of the device that you&rsquo;re using;</li>\n<li>The platform which you will use to buy your first NFTs;</li>\n<li>The safety of the NFTs themselves.</li>\n</ul>\n<p><strong>When it comes to your device</strong>, it&rsquo;s essentially just your common, everyday digital safety practices - make sure that your computer or mobile phone is virus-free, that there are no keyloggers or other similar malware hiding within it, and that it doesn&rsquo;t have its security compromised, in general. If any of these points aren&rsquo;t met, you might not be able to HODL NFTs for long.</p>\n<p>Think of it this way - imagine that you&rsquo;ve bought a brand new car, and have left it in your driveway, with your wallet on the front seat. Now, that&rsquo;s not ideal, in and of itself, but on top of that, you left the car unlocked, eliminating the last potential security measure. A thief could come up to the car, open the door, and just take the wallet!</p>\n<p>The same is true with your device, too - if you use even the best crypto wallet for NFTs on a faulty and virus-ridden computer, chances are that all of the security that this wallet provides will become trivial. Your newly-acquired NFTs could be stolen even before you transfer them to the wallet in question.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: NFT acquisition platform.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-05.jpg/" alt=\"How to store NFTs: NFT acquisition platform.\" width=\"1000\" height=\"607\" /></p>\n<p><strong>Next up, the NFT acquisition platform</strong>. Once again, it all boils down to security and reputability - while it&rsquo;s not something that you&rsquo;d need to worry about when buying NFTs from major marketplaces (if you&rsquo;re looking for the best NFT wallet for <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/opensea/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>OpenSea</strong></a> or Rarible, you probably know what I&rsquo;m talking about), if you&rsquo;re utilizing the services of some shady market, this can lead to you losing not only your NFTs, but also all other tokens in your wallet, as well!</p>\n<p>Such malicious platforms are rare, I&rsquo;ll admit, but you still need to remain vigilant - what I would essentially do is stick with the time-tested platforms, like the ones I&rsquo;ve just mentioned earlier.</p>\n<p><strong>Lastly, the safety of NFTs themselves</strong>. This is a bit of an odd point, but with NFT technology developing at a rapid rate, this could become a major issue, as well. Specifically, certain NFTs might possess some sort of malware themselves - this would, once again, cause a lot of danger to the contents of your crypto wallet.</p>\n<p>Note that I&rsquo;m not necessarily talking about the NFT, as in, the token itself - it might just be a Trojan horse! Instead, the malicious code or program could be hidden within some sort of a &ldquo;bonus&rdquo; that&rsquo;s given out to the buyers of the NFT. Just something to keep in mind and consider!</p>\n<p>With that being said, you should now have a better idea of what to pay attention to when you&rsquo;re buying your first NFTs. Now, then - <strong>let&rsquo;s move on to the actual &ldquo;how to store NFTs&rdquo; question at hand</strong>.</p>\n<h2>The Three NFT Storage Options</h2>\n<p>Essentially, when it comes to storing NFTs safely, there are three main methods that you should know about - <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-software-wallet/">software wallets</strong></a>, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-hardware-wallet/">hardware wallets</strong></a>, and something called <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-interplanetary-file-system-ipfs/">IPFS.

/n

I will continue with the assumption that you already know and understand the basics of what is a cryptocurrency wallet, and how these platforms work. If that&rsquo;s not the case, make sure to check out other sections in this Crypto 101 Handbook - there are sections dedicated to exploring just that! In regards to IPFS, though, we&rsquo;ll cross that bridge when we get there - that&rsquo;s a bit of a more complex topic.</p>\n<h3>Software Wallets</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Software wallets.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-03.jpg/" alt=\"How to store NFTs: Software wallets.\" width=\"1000\" height=\"786\" /></p>\n<p>So, starting off, you have software wallets. A significant number of cryptocurrency wallets these days allow their users to store both <em>&ldquo;traditional&rdquo; </em>crypto coins &amp; tokens, as well as NFTs on them. Think about, say, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-metamask/">MetaMask - you can store your <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">ETH coins on it, as well as all other ETH-related tokens, but the wallet now supports different blockchain-based non-fungible tokens, as well! This is why, at one point, it was commonly referred to as the best Ethereum wallet for NFTs.</p>\n<p>In a very general sense, <strong>software wallets aren&rsquo;t the ideal choice, for anyone looking for top-tier NFT storage security</strong>. This is because these wallets maintain a constant connection to the internet. In turn, it renders them a target for many wannabe hackers and crypto thieves. Thus, whether it be a Solana NFT wallet, or any other similar NFT storage solution, software wallets do face this issue.</p>\n<p>That being said, this shouldn&rsquo;t be over-exaggerated, either. If you&rsquo;re careful in how you store your NFTs, and don&rsquo;t publicize your holdings for the entire world to see, chances are that software wallets can be perfectly safe, as well. On top of that, they are very convenient - you can access your NFTs really fast, and perform trades without too much hassle.</p>\n<h3>Hardware Wallets</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Hardware wallets.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-01.jpg/" alt=\"How to store NFTs: Hardware wallets.\" width=\"1000\" height=\"600\" /></p>\n<p>In contrary to that, you have hardware storage, as the best NFT wallet option. These are special devices that allow you to store your cryptocurrencies and NFTs on them - some hardware wallets store NFTs directly, while others might need you to connect them to some software wallet. That&rsquo;s going into very circumstantial specifics, though - I won&rsquo;t bore you with such details.</p>\n<p>As I&rsquo;ve eluded to earlier, however, <strong>hardware wallets are generally considered to be very safe</strong>, but at the same time, they tend to be a bit more of a nuisance to use, on a daily basis.</p>\n<p>It&rsquo;s like, software wallets are your credit or debit card, and hardware wallets are cash. When you&rsquo;re at the store, you could just swipe your card and pay for groceries that way, or count your coins and banknotes, come up with the correct amount, and pay in cash. The former method is a bit faster and essentially hassle-free, but it doesn&rsquo;t really make all that big of a difference, at the end of the day.</p>\n<p>When it comes to hardware wallets, a question that you might come across pretty often is this - can you store NFTs on <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/ledger/" target=\"_blank\" rel=\"nofollow noindex noopener\">Ledger</a></strong>? This is one of the most popular hardware crypto storage brands on the market, so it&rsquo;s really not too odd that a question like this comes up.</p>\n<p>Let me tell you right now - <strong>yes, you can store NFTs on Ledger</strong>. As you might imagine, however, this is a whole, separate topic.</p>\n<h3>InterPlanetary File System (IPFS)</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: IPFS.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-08.jpg/" alt=\"How to store NFTs: IPFS.\" width=\"1000\" height=\"528\" /></p>\n<p>Moving on, your last option for how to store NFTs is an IPFS, or an &ldquo;InterPlanetary File System&rdquo;. Yes, I know - the name is very eccentric.</p>\n<p>IPFS is actually quite a complex concept. However, the simplest way of how it can be explained is that <strong>it&rsquo;s a data-storing solution that&rsquo;s not too different from a blockchain</strong>. So, if you store your NFTs on IPFS, they will essentially be based on a network of computers, without a single, central node.</p>\n<p>Many NFT-related platforms support IPFS storage, for the underlying file of the non-fungible token. For example, if you create an NFT that&rsquo;s an image of your dog, on the OpenSea marketplace, you could store that image on an IPFS - the actual token, however, will be based on a blockchain network (such as Ethereum, Binance Chain and so on).</p>\n<p>Once again, IPFS is pretty complicated to wrap your head around. <strong>It&rsquo;s also an NFT storage solution that most people will end up avoiding</strong> - instead, the majority of NFT fans will likely turn to software or hardware wallets.</p>\n<p>That&rsquo;s certainly not a bad idea! With wallets such as MetaMask or Ledger, you can expect a lot of user-friendliness and feature variety. On top of that, such established NFT wallets will come equipped with state-of-the-art security measures, as well!</p>\n<h2>General NFT Storage Tips</h2>\n<p>Moving on, the last bit of advice that I&rsquo;d like to give you has to do with some general &ldquo;best practices&rdquo; when it comes to how and where to store NFTs. I&rsquo;ve already touched on a few of the bigger points previously - ensuring that your device is virus-free, using established NFT marketplaces, and so on.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Best practices.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-10.jpg/" alt=\"How to store NFTs: Best practices.\" width=\"1000\" height=\"550\" /></p>\n<p>However, the aforementioned &ldquo;best practices&rdquo; would include <strong>frequent check-ups on</strong> <strong>what are the latest industry trends</strong>, as well. Scammers and crypto thieves try to stay ahead of the curve, and utilize the latest tactics of stealing people&rsquo;s NFTs - it&rsquo;s your job to protect your assets! This can be done much easier if you already know what to expect, and what the latest scams are like.</p>\n<p>Naturally, if possible, it would be a good idea to <strong>have a fresh, designated device, for all of your crypto and NFT dealings</strong>. This would frankly eliminate the possibility of your system being compromised! That is, if you don&rsquo;t click on any shady links online, and don&rsquo;t decide to claim that $100 million prize that you&rsquo;ve now won three times, and that&rsquo;s waiting for you in your email&rsquo;s spam folder.</p>\n<p>All in all, make sure to choose the NFT storage solution that seems to work best for you, and perform regular check-ups on how your NFTs are doing within the wallet of your choice.</p>\n<h2>Final Thoughts</h2>\n<p>Even though we&rsquo;ve talked quite a bit about how to store NFTs, this topic, in itself, is rather expansive. We could go on about the best Ethereum wallet for NFTs, as well as Solana NFT wallet options, or even address questions of how to stake NFTs, too. These are all huge talking points, however, and thus, they deserve separate sections, altogether.</p>","meta_title":"How to Store NFTs? The Best Storage Options","meta_description":"Have you just acquired nfts and now you're wondering how to store nfts safely? Find the best practices of nft storage for you right here.","meta_keywords":"how to store nft, where to store nfts, nft wallet, best nft wallet, best wallet for nft, nft wallet app, best crypto wallet for nft, best solana wallet for nfts, best ethereum wallet for nft, best wallet for nfts, solana nft wallet, best nft wallet for opensea, can you store nfts on ledger, how to stake nfts, how to store nfts on ledger, store nft on ledger, hodl nft","order":4,"language":"en","created_at":"2023-02-27T09:18:08.000000Z","updated_at":"2023-03-10T06:24:04.000000Z","modified_content":"<p>In this section, I&rsquo;m going to tell you everything that you need to know about how to store <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs!

/n

As the non-fungible token market sees increasing popularity and a growing number of use cases, so do the risks associated with NFT theft expand, as well. There are some real horror stories about people losing incredibly valuable NFTs to scammers and hackers, alike!</p>\n<p>All of those stories have something in common, however - some sort of an oversight that allowed the said scammers to access the NFT holders&rsquo; wallets, and steal their tokens. This is why it&rsquo;s crucial to learn about the best NFT storing safety practices, as soon as possible!</p>\n<p><strong>In this section, we&rsquo;re going to talk about NFT storage</strong>. Specifically, I will tell you about the most notable NFT safekeeping practices, and the best places where to store NFTs, as well. In addition to that, I will also give you a few tips on how to avoid putting your NFTs in jeopardy, in general.</p>\n<p><em>Let&rsquo;s get to it!</em></p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 comparison-suggestion pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/images/compare-crypto-exchanges.gif/"/n alt=\"How to Store NFTs in 2023 (3 Most Secure Ways Explained)\"\n title=\"How to Store NFTs in 2023 (3 Most Secure Ways Explained)\" class=\"border-0\">\n <p>Video Explainer</p>\n </div>\n </div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: How to Store NFTs: Best Practices</h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"How to Store NFTs: Best Practices\" video explainer</p>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"UVrAjBNC7cQ\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"></div>\n <p class=\"text-left dyk-video-title\">How to Store NFTs in 2023 (3 Most Secure Ways Explained)</p>\n <img src=https://www.bitdegree.org/"https://i.ytimg.com/vi/UVrAjBNC7cQ/hq720.jpg/"/n alt=\"How to Store NFTs in 2023 (3 Most Secure Ways Explained)\"\n title=\"How to Store NFTs in 2023 (3 Most Secure Ways Explained)\"\n class=\"p-0\">\n <img class=\"play-button\" data-target=\"#video-modal\"\n src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/video-button.png/"/n alt=\"How to Store NFTs in 2023 (3 Most Secure Ways Explained)\">\n </div>\n </div>\n </div>\n </div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"></i>\n </div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE</h4>\n <span>ON YOUTUBE</span>\n </div>\n </div>\n </a>\n </div>\n </div>\n </div>\n </div>\n</div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"UVrAjBNC7cQ\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"></i>\n </button>\n <div id=\"iframe\"></div>\n </div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https://www.youtube.com/c/CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/assets/crypto-subscribe.jpg/" alt=\"Subscribe\">\n </div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE</span>\n </p>\n </div>\n </div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease</h4>\n <span>New explainer videos every week!</span>\n </div>\n </div>\n </div>\n </div>\n </a>\n </div>\n </div>\n</div>\n<h2>First Things First - Before You Acquire Your NFTs</h2>\n<p>To start things off, we need to very quickly talk about the process of acquiring your first NFTs. Now, I won&rsquo;t go into detail about what this entails - if you&rsquo;d like to learn about <strong>NFT trading</strong>, I highly recommend checking out a <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/how-to-trade-nfts/">section dedicated to this topic.</p>\n<p>Instead, for now, I just want to run through a few <strong>safety tips</strong> that you should utilize, when you&rsquo;re just starting out within the industry. While it&rsquo;s not yet directly related to the question of how to store NFTs, you will eventually see how it all ties in.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Essential safety tips.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-06.jpg/" alt=\"How to store NFTs: Essential safety tips.\" width=\"1000\" height=\"571\" /></p>\n<p>So, whenever you want to start acquiring non-fungible tokens, there are essentially three points that you need to consider, and look into:</p>\n<ul>\n<li>The safety level of the device that you&rsquo;re using;</li>\n<li>The platform which you will use to buy your first NFTs;</li>\n<li>The safety of the NFTs themselves.</li>\n</ul>\n<p><strong>When it comes to your device</strong>, it&rsquo;s essentially just your common, everyday digital safety practices - make sure that your computer or mobile phone is virus-free, that there are no keyloggers or other similar malware hiding within it, and that it doesn&rsquo;t have its security compromised, in general. If any of these points aren&rsquo;t met, you might not be able to HODL NFTs for long.</p>\n<p>Think of it this way - imagine that you&rsquo;ve bought a brand new car, and have left it in your driveway, with your wallet on the front seat. Now, that&rsquo;s not ideal, in and of itself, but on top of that, you left the car unlocked, eliminating the last potential security measure. A thief could come up to the car, open the door, and just take the wallet!</p>\n<p>The same is true with your device, too - if you use even the best crypto wallet for NFTs on a faulty and virus-ridden computer, chances are that all of the security that this wallet provides will become trivial. Your newly-acquired NFTs could be stolen even before you transfer them to the wallet in question.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: NFT acquisition platform.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-05.jpg/" alt=\"How to store NFTs: NFT acquisition platform.\" width=\"1000\" height=\"607\" /></p>\n<p><strong>Next up, the NFT acquisition platform</strong>. Once again, it all boils down to security and reputability - while it&rsquo;s not something that you&rsquo;d need to worry about when buying NFTs from major marketplaces (if you&rsquo;re looking for the best NFT wallet for <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/opensea/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>OpenSea</strong></a> or Rarible, you probably know what I&rsquo;m talking about), if you&rsquo;re utilizing the services of some shady market, this can lead to you losing not only your NFTs, but also all other tokens in your wallet, as well!</p>\n<p>Such malicious platforms are rare, I&rsquo;ll admit, but you still need to remain vigilant - what I would essentially do is stick with the time-tested platforms, like the ones I&rsquo;ve just mentioned earlier.</p>\n<p><strong>Lastly, the safety of NFTs themselves</strong>. This is a bit of an odd point, but with NFT technology developing at a rapid rate, this could become a major issue, as well. Specifically, certain NFTs might possess some sort of malware themselves - this would, once again, cause a lot of danger to the contents of your crypto wallet.</p>\n<p>Note that I&rsquo;m not necessarily talking about the NFT, as in, the token itself - it might just be a Trojan horse! Instead, the malicious code or program could be hidden within some sort of a &ldquo;bonus&rdquo; that&rsquo;s given out to the buyers of the NFT. Just something to keep in mind and consider!</p>\n<p>With that being said, you should now have a better idea of what to pay attention to when you&rsquo;re buying your first NFTs. Now, then - <strong>let&rsquo;s move on to the actual &ldquo;how to store NFTs&rdquo; question at hand</strong>.</p>\n<h2>The Three NFT Storage Options</h2>\n<p>Essentially, when it comes to storing NFTs safely, there are three main methods that you should know about - <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-software-wallet/">software wallets</strong></a>, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-hardware-wallet/">hardware wallets</strong></a>, and something called <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-interplanetary-file-system-ipfs/">IPFS.

/n

I will continue with the assumption that you already know and understand the basics of what is a cryptocurrency wallet, and how these platforms work. If that&rsquo;s not the case, make sure to check out other sections in this Crypto 101 Handbook - there are sections dedicated to exploring just that! In regards to IPFS, though, we&rsquo;ll cross that bridge when we get there - that&rsquo;s a bit of a more complex topic.</p>\n<h3>Software Wallets</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Software wallets.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-03.jpg/" alt=\"How to store NFTs: Software wallets.\" width=\"1000\" height=\"786\" /></p>\n<p>So, starting off, you have software wallets. A significant number of cryptocurrency wallets these days allow their users to store both <em>&ldquo;traditional&rdquo; </em>crypto coins &amp; tokens, as well as NFTs on them. Think about, say, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/what-is-metamask/">MetaMask - you can store your <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">ETH coins on it, as well as all other ETH-related tokens, but the wallet now supports different blockchain-based non-fungible tokens, as well! This is why, at one point, it was commonly referred to as the best Ethereum wallet for NFTs.</p>\n<p>In a very general sense, <strong>software wallets aren&rsquo;t the ideal choice, for anyone looking for top-tier NFT storage security</strong>. This is because these wallets maintain a constant connection to the internet. In turn, it renders them a target for many wannabe hackers and crypto thieves. Thus, whether it be a Solana NFT wallet, or any other similar NFT storage solution, software wallets do face this issue.</p>\n<p>That being said, this shouldn&rsquo;t be over-exaggerated, either. If you&rsquo;re careful in how you store your NFTs, and don&rsquo;t publicize your holdings for the entire world to see, chances are that software wallets can be perfectly safe, as well. On top of that, they are very convenient - you can access your NFTs really fast, and perform trades without too much hassle.</p>\n<h3>Hardware Wallets</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Hardware wallets.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-01.jpg/" alt=\"How to store NFTs: Hardware wallets.\" width=\"1000\" height=\"600\" /></p>\n<p>In contrary to that, you have hardware storage, as the best NFT wallet option. These are special devices that allow you to store your cryptocurrencies and NFTs on them - some hardware wallets store NFTs directly, while others might need you to connect them to some software wallet. That&rsquo;s going into very circumstantial specifics, though - I won&rsquo;t bore you with such details.</p>\n<p>As I&rsquo;ve eluded to earlier, however, <strong>hardware wallets are generally considered to be very safe</strong>, but at the same time, they tend to be a bit more of a nuisance to use, on a daily basis.</p>\n<p>It&rsquo;s like, software wallets are your credit or debit card, and hardware wallets are cash. When you&rsquo;re at the store, you could just swipe your card and pay for groceries that way, or count your coins and banknotes, come up with the correct amount, and pay in cash. The former method is a bit faster and essentially hassle-free, but it doesn&rsquo;t really make all that big of a difference, at the end of the day.</p>\n<p>When it comes to hardware wallets, a question that you might come across pretty often is this - can you store NFTs on <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/ledger/" target=\"_blank\" rel=\"nofollow noindex noopener\">Ledger</a></strong>? This is one of the most popular hardware crypto storage brands on the market, so it&rsquo;s really not too odd that a question like this comes up.</p>\n<p>Let me tell you right now - <strong>yes, you can store NFTs on Ledger</strong>. As you might imagine, however, this is a whole, separate topic.</p>\n<h3>InterPlanetary File System (IPFS)</h3>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: IPFS.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-08.jpg/" alt=\"How to store NFTs: IPFS.\" width=\"1000\" height=\"528\" /></p>\n<p>Moving on, your last option for how to store NFTs is an IPFS, or an &ldquo;InterPlanetary File System&rdquo;. Yes, I know - the name is very eccentric.</p>\n<p>IPFS is actually quite a complex concept. However, the simplest way of how it can be explained is that <strong>it&rsquo;s a data-storing solution that&rsquo;s not too different from a blockchain</strong>. So, if you store your NFTs on IPFS, they will essentially be based on a network of computers, without a single, central node.</p>\n<p>Many NFT-related platforms support IPFS storage, for the underlying file of the non-fungible token. For example, if you create an NFT that&rsquo;s an image of your dog, on the OpenSea marketplace, you could store that image on an IPFS - the actual token, however, will be based on a blockchain network (such as Ethereum, Binance Chain and so on).</p>\n<p>Once again, IPFS is pretty complicated to wrap your head around. <strong>It&rsquo;s also an NFT storage solution that most people will end up avoiding</strong> - instead, the majority of NFT fans will likely turn to software or hardware wallets.</p>\n<p>That&rsquo;s certainly not a bad idea! With wallets such as MetaMask or Ledger, you can expect a lot of user-friendliness and feature variety. On top of that, such established NFT wallets will come equipped with state-of-the-art security measures, as well!</p>\n<h2>General NFT Storage Tips</h2>\n<p>Moving on, the last bit of advice that I&rsquo;d like to give you has to do with some general &ldquo;best practices&rdquo; when it comes to how and where to store NFTs. I&rsquo;ve already touched on a few of the bigger points previously - ensuring that your device is virus-free, using established NFT marketplaces, and so on.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to store NFTs: Best practices.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-10.jpg/" alt=\"How to store NFTs: Best practices.\" width=\"1000\" height=\"550\" /></p>\n<p>However, the aforementioned &ldquo;best practices&rdquo; would include <strong>frequent check-ups on</strong> <strong>what are the latest industry trends</strong>, as well. Scammers and crypto thieves try to stay ahead of the curve, and utilize the latest tactics of stealing people&rsquo;s NFTs - it&rsquo;s your job to protect your assets! This can be done much easier if you already know what to expect, and what the latest scams are like.</p>\n<p>Naturally, if possible, it would be a good idea to <strong>have a fresh, designated device, for all of your crypto and NFT dealings</strong>. This would frankly eliminate the possibility of your system being compromised! That is, if you don&rsquo;t click on any shady links online, and don&rsquo;t decide to claim that $100 million prize that you&rsquo;ve now won three times, and that&rsquo;s waiting for you in your email&rsquo;s spam folder.</p>\n<p>All in all, make sure to choose the NFT storage solution that seems to work best for you, and perform regular check-ups on how your NFTs are doing within the wallet of your choice.</p>\n<h2>Final Thoughts</h2>\n<p>Even though we&rsquo;ve talked quite a bit about how to store NFTs, this topic, in itself, is rather expansive. We could go on about the best Ethereum wallet for NFTs, as well as Solana NFT wallet options, or even address questions of how to stake NFTs, too. These are all huge talking points, however, and thus, they deserve separate sections, altogether.</p>","preview_url":"https://www.bitdegree.org/crypto/learn/how-to-store-nft","youtube_video":{"id":141,"channel_id":1,"sort":11,"video_title":"How to Store NFTs in 2023 (3 Most Secure Ways Explained)","description":"What are the best NFT storage practices?\n\nAs cool and exciting as NFTs can be, it’s important to safeguard these digital assets, so that they wouldn’t fall into the hands of scammers and thieves. In order to prevent this from happening, and to protect your digital artwork, you should make yourself aware of some of the best NFT storage practices.\n\nIn this video, I will cover just that. First, you will learn about some of the best security practices that you could exercise, before you even purchase your first NFTs. Then, I will tell you about the three different types of NFT storage solutions, and the pros & cons that they possess, as well.\n\nDo you know any cool NFT storage tips? Share them with the rest of us, in the comment section below the video!\n\nVideo Time Table:\n0:00 Introduction to How to Store NFTs\n1:03 Few Safety Tips \n3:51 Three NFT Storage Options\n4:26 Software Wallets\n5:36 Hardware Wallets\n6:55 IPFS\n8:09 Generic Tips on Where to Store NFTs\n9:40 Wrap-up: How to Store NFTs\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps://twitter.com/crypto_xplained\n\n#HowtoStoreNft #WheretoStoreNfts #NftWallet","video_id":"UVrAjBNC7cQ","duration":599,"view_count":218,"thumbnail_url":"https://i.ytimg.com/vi/UVrAjBNC7cQ/hq720.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2023-03-09 16:32:12","created_at":"2023-03-09T23:00:04.000000Z","updated_at":"2023-05-21T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}},"featured_image":{"id":9873,"uuid":"23f1f793-d48c-4007-9d1b-9dea00fef356","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-store-nft-featured-image.jpg","path":"crypto/storage/optimized/how-to-store-nft-featured-image.jpg","original_path":"crypto/storage/original/how-to-store-nft-featured-image.jpg","name":"how-to-store-nft-featured-image.jpg","original_name":"how-to-store-nft-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"44.13KB"}},"chapterList":[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-blockchain.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/blockchain-101.jpg","rating":100,"sections":[{"slug":"what-is-blockchain","title":"What is the Blockchain?","featured_image_id":6412,"status":"published","chapter_id":1,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-blockchain","featured_image":{"id":6412,"uuid":"152ba579-ce8d-488a-9e06-bcd99e976b7d","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.o.jpg","original_path":"crypto/storage/media/what-is-blockchain-626fbe085a0cd.jpg","name":"what-is-blockchain-626fbe085a0cd.o.jpg","original_name":"what-is-blockchain.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.86KB"},"youtube_video":null},{"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","featured_image_id":7205,"status":"published","chapter_id":1,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/decentralized-blockchain","featured_image":{"id":7205,"uuid":"c5d6f6a7-4914-4d6b-9fdd-e94dfb0bae82","public_url":"https://assets.bitdegree.org/crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","path":"crypto/storage/media/decentralized-blockchain-featured-image.o.jpg","original_path":"crypto/storage/media/decentralized-blockchain-featured-image.jpg","name":"decentralized-blockchain-featured-image.o.jpg","original_name":"decentralized-blockchain-featured-image.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"136.00KB"},"youtube_video":null},{"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","featured_image_id":7397,"status":"published","chapter_id":1,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/blockchain-transaction","featured_image":{"id":7397,"uuid":"e60dff45-4c5d-4b44-a2c1-a27e49f700e7","public_url":"https://assets.bitdegree.org/crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","path":"crypto/storage/media/blockchain-transaction-featured-mage.o.jpg","original_path":"crypto/storage/media/blockchain-transaction-featured-mage.jpg","name":"blockchain-transaction-featured-mage.o.jpg","original_name":"blockchain-transaction-featured-mage.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"85.83KB"},"youtube_video":null},{"slug":"crypto-fees","title":"The Different Types of Crypto Fees 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Chapter 5: NFTs

How to Store NFTs: Best Practices

Did you know that there are three different options for storing NFTs?
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In this section, I’m going to tell you everything that you need to know about how to store NFTs!

As the non-fungible token market sees increasing popularity and a growing number of use cases, so do the risks associated with NFT theft expand, as well. There are some real horror stories about people losing incredibly valuable NFTs to scammers and hackers, alike!

All of those stories have something in common, however - some sort of an oversight that allowed the said scammers to access the NFT holders’ wallets, and steal their tokens. This is why it’s crucial to learn about the best NFT storing safety practices, as soon as possible!

In this section, we’re going to talk about NFT storage. Specifically, I will tell you about the most notable NFT safekeeping practices, and the best places where to store NFTs, as well. In addition to that, I will also give you a few tips on how to avoid putting your NFTs in jeopardy, in general.

Let’s get to it!

How to Store NFTs in 2023 (3 Most Secure Ways Explained)

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How to Store NFTs in 2023 (3 Most Secure Ways Explained)

How to Store NFTs in 2023 (3 Most Secure Ways Explained) How to Store NFTs in 2023 (3 Most Secure Ways Explained)

First Things First - Before You Acquire Your NFTs

To start things off, we need to very quickly talk about the process of acquiring your first NFTs. Now, I won’t go into detail about what this entails - if you’d like to learn about NFT trading, I highly recommend checking out a section dedicated to this topic.

Instead, for now, I just want to run through a few safety tips that you should utilize, when you’re just starting out within the industry. While it’s not yet directly related to the question of how to store NFTs, you will eventually see how it all ties in.

How to store NFTs: Essential safety tips.

So, whenever you want to start acquiring non-fungible tokens, there are essentially three points that you need to consider, and look into:

  • The safety level of the device that you’re using;
  • The platform which you will use to buy your first NFTs;
  • The safety of the NFTs themselves.

When it comes to your device, it’s essentially just your common, everyday digital safety practices - make sure that your computer or mobile phone is virus-free, that there are no keyloggers or other similar malware hiding within it, and that it doesn’t have its security compromised, in general. If any of these points aren’t met, you might not be able to HODL NFTs for long.

Think of it this way - imagine that you’ve bought a brand new car, and have left it in your driveway, with your wallet on the front seat. Now, that’s not ideal, in and of itself, but on top of that, you left the car unlocked, eliminating the last potential security measure. A thief could come up to the car, open the door, and just take the wallet!

The same is true with your device, too - if you use even the best crypto wallet for NFTs on a faulty and virus-ridden computer, chances are that all of the security that this wallet provides will become trivial. Your newly-acquired NFTs could be stolen even before you transfer them to the wallet in question.

How to store NFTs: NFT acquisition platform.

Next up, the NFT acquisition platform. Once again, it all boils down to security and reputability - while it’s not something that you’d need to worry about when buying NFTs from major marketplaces (if you’re looking for the best NFT wallet for OpenSea or Rarible, you probably know what I’m talking about), if you’re utilizing the services of some shady market, this can lead to you losing not only your NFTs, but also all other tokens in your wallet, as well!

Such malicious platforms are rare, I’ll admit, but you still need to remain vigilant - what I would essentially do is stick with the time-tested platforms, like the ones I’ve just mentioned earlier.

Lastly, the safety of NFTs themselves. This is a bit of an odd point, but with NFT technology developing at a rapid rate, this could become a major issue, as well. Specifically, certain NFTs might possess some sort of malware themselves - this would, once again, cause a lot of danger to the contents of your crypto wallet.

Note that I’m not necessarily talking about the NFT, as in, the token itself - it might just be a Trojan horse! Instead, the malicious code or program could be hidden within some sort of a “bonus” that’s given out to the buyers of the NFT. Just something to keep in mind and consider!

With that being said, you should now have a better idea of what to pay attention to when you’re buying your first NFTs. Now, then - let’s move on to the actual “how to store NFTs” question at hand.

The Three NFT Storage Options

Essentially, when it comes to storing NFTs safely, there are three main methods that you should know about - software wallets, hardware wallets, and something called IPFS.

I will continue with the assumption that you already know and understand the basics of what is a cryptocurrency wallet, and how these platforms work. If that’s not the case, make sure to check out other sections in this Crypto 101 Handbook - there are sections dedicated to exploring just that! In regards to IPFS, though, we’ll cross that bridge when we get there - that’s a bit of a more complex topic.

Software Wallets

How to store NFTs: Software wallets.

So, starting off, you have software wallets. A significant number of cryptocurrency wallets these days allow their users to store both “traditional” crypto coins & tokens, as well as NFTs on them. Think about, say, MetaMask - you can store your ETH coins on it, as well as all other ETH-related tokens, but the wallet now supports different blockchain-based non-fungible tokens, as well! This is why, at one point, it was commonly referred to as the best Ethereum wallet for NFTs.

In a very general sense, software wallets aren’t the ideal choice, for anyone looking for top-tier NFT storage security. This is because these wallets maintain a constant connection to the internet. In turn, it renders them a target for many wannabe hackers and crypto thieves. Thus, whether it be a Solana NFT wallet, or any other similar NFT storage solution, software wallets do face this issue.

That being said, this shouldn’t be over-exaggerated, either. If you’re careful in how you store your NFTs, and don’t publicize your holdings for the entire world to see, chances are that software wallets can be perfectly safe, as well. On top of that, they are very convenient - you can access your NFTs really fast, and perform trades without too much hassle.

Hardware Wallets

How to store NFTs: Hardware wallets.

In contrary to that, you have hardware storage, as the best NFT wallet option. These are special devices that allow you to store your cryptocurrencies and NFTs on them - some hardware wallets store NFTs directly, while others might need you to connect them to some software wallet. That’s going into very circumstantial specifics, though - I won’t bore you with such details.

As I’ve eluded to earlier, however, hardware wallets are generally considered to be very safe, but at the same time, they tend to be a bit more of a nuisance to use, on a daily basis.

It’s like, software wallets are your credit or debit card, and hardware wallets are cash. When you’re at the store, you could just swipe your card and pay for groceries that way, or count your coins and banknotes, come up with the correct amount, and pay in cash. The former method is a bit faster and essentially hassle-free, but it doesn’t really make all that big of a difference, at the end of the day.

When it comes to hardware wallets, a question that you might come across pretty often is this - can you store NFTs on Ledger? This is one of the most popular hardware crypto storage brands on the market, so it’s really not too odd that a question like this comes up.

Let me tell you right now - yes, you can store NFTs on Ledger. As you might imagine, however, this is a whole, separate topic.

InterPlanetary File System (IPFS)

How to store NFTs: IPFS.

Moving on, your last option for how to store NFTs is an IPFS, or an “InterPlanetary File System”. Yes, I know - the name is very eccentric.

IPFS is actually quite a complex concept. However, the simplest way of how it can be explained is that it’s a data-storing solution that’s not too different from a blockchain. So, if you store your NFTs on IPFS, they will essentially be based on a network of computers, without a single, central node.

Many NFT-related platforms support IPFS storage, for the underlying file of the non-fungible token. For example, if you create an NFT that’s an image of your dog, on the OpenSea marketplace, you could store that image on an IPFS - the actual token, however, will be based on a blockchain network (such as Ethereum, Binance Chain and so on).

Once again, IPFS is pretty complicated to wrap your head around. It’s also an NFT storage solution that most people will end up avoiding - instead, the majority of NFT fans will likely turn to software or hardware wallets.

That’s certainly not a bad idea! With wallets such as MetaMask or Ledger, you can expect a lot of user-friendliness and feature variety. On top of that, such established NFT wallets will come equipped with state-of-the-art security measures, as well!

General NFT Storage Tips

Moving on, the last bit of advice that I’d like to give you has to do with some general “best practices” when it comes to how and where to store NFTs. I’ve already touched on a few of the bigger points previously - ensuring that your device is virus-free, using established NFT marketplaces, and so on.

How to store NFTs: Best practices.

However, the aforementioned “best practices” would include frequent check-ups on what are the latest industry trends, as well. Scammers and crypto thieves try to stay ahead of the curve, and utilize the latest tactics of stealing people’s NFTs - it’s your job to protect your assets! This can be done much easier if you already know what to expect, and what the latest scams are like.

Naturally, if possible, it would be a good idea to have a fresh, designated device, for all of your crypto and NFT dealings. This would frankly eliminate the possibility of your system being compromised! That is, if you don’t click on any shady links online, and don’t decide to claim that $100 million prize that you’ve now won three times, and that’s waiting for you in your email’s spam folder.

All in all, make sure to choose the NFT storage solution that seems to work best for you, and perform regular check-ups on how your NFTs are doing within the wallet of your choice.

Final Thoughts

Even though we’ve talked quite a bit about how to store NFTs, this topic, in itself, is rather expansive. We could go on about the best Ethereum wallet for NFTs, as well as Solana NFT wallet options, or even address questions of how to stake NFTs, too. These are all huge talking points, however, and thus, they deserve separate sections, altogether.

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