NFT Encyclopedia: Encrypted wallets that support NFT

As we all know, NFT had a big explosion in 2021. As the Beeple crypto art auction at Christie's and the NBA Top Shot went out of business, more and more people began to pay attention to NFT, and more and more people began to buy their first NFT collectible.

According to data from Dune Analytics, OpenSea, the largest NFT trading platform, has been growing rapidly since 2021, reaching an all-time high of $148 million in March 2021, despite a nearly 40% drop in April. But monthly NFT trading volume recovered quickly in May, almost matching the previous peak in March, and hit a record high in June.

However, a closer look at the market reveals that there is more to it than just "market warming".

According to data from Dune Analytics, the total volume of OpenSea NFT traded in March 2021 hit a record 142,000, while in May, when the total volume was nearly flat, the total volume was about 70,000, less than half of what it was in March. This indicates that people pay more and more attention to high-value NFT assets and are more and more inclined to spend a higher amount to buy high-value NFT assets. By June, the number of NFT transactions had soared to over 210,000 as countless boxes of blind NFT projects sprang up, and NFT players were buying boxes in large numbers in the hope of getting a super rare NFT.

Since Bored Ape, the most popular NFT project, was born in May, the total transaction volume in the secondary market has reached 64 million US dollars in just over a month. In the famous chain game AXIE Infinity, the NFT secondary market turnover exceeded $200 million in the past 30 days. Such figures capture the current enthusiasm for NFT.

When people pay high prices for digital collectibles, or get rare NFTs from blind boxes, how to display their collectibles becomes another challenge. Unlike physical collectibles, digital collectibles are invisible and inaccessible, preventing people from directly displaying their collections to others. Will the new generation of collectors have to go to NFT sites like OpenSea to show off their collections?

Some crypto wallet developers have recognized this need and have added NFT Display to their products, making it easy for collectors to view, display, and show off their NFT collections. As the value of people's NFT assets increases, secure crypto wallets become a piece of infrastructure that must be carefully considered. NFT players need a wallet that is secure enough to store their NFT assets, while making it easy to display the NFT.

The recent spate of hacking attacks has been a reminder of how important "security" is in our decentralized world. Unlike other DEFI projects, NFT is not as vulnerable to hacking in a variety of ways. In the case of NFT, the hacker has no choice but to steal the wallet's private key or mnemonic and transfer the NFT to his wallet. Therefore, it is extremely important for NFT players to use a "safe" wallet.

Here is a roundup of some of the wallet products that combine security and NFT display capabilities. In addition, the wallet section has been updated to the previous article titledNFT Ecology Big Bottom: The most noteworthy projects are here"In the ecological map.

MetaMask

MetaMask is the most widely used crypto wallet and has been adapted to nearly all NFT trading platforms. Although at present only native support Ethernet network, single only through simple adaptation, can be in Fantom, BSC, Polygon, HECO, xDai, Harmony, just with OKExChain compatible EVM entry in the chain of the direct use.

Currently, the browser version of MetaMask does not support displaying NFT collections directly in your local account. To view them, you need to connect to a site dedicated to displaying NFT (such as OpenSea). Or pour the private key of the wallet into the MetaMask software on the mobile phone. At present, the mobile phone application can display the NFT information in the wallet account natively.

Rainbow

Rainbow is a new wallet that is a twist on Balance and aims to bring the decentralized web to the masses through the wallet portal. Rainbow co-founder and CEO Christian Baroni is a designer who has worked at Microsoft, Stripe, etc. Co-founder and CTO Jin Chung is a female programmer who previously worked at eBay and UBS.

In addition to the basic functionality of the wallet, the feature that makes the Rainbow highly praised is the NFT display. Rainbow can display multimedia NFT, which is a feature that most wallets currently don't have. In addition, users can use Rainbow to create collections of their NFT collections for easy display.

Math Wallet

MathWallet is one of the most supported public wallets in the country, At present, the public chain that has been supported includes BTC, ETH, EOS, TRON, COSMOS, BINK Chain, ONT, Polkadotstrate, NEO, IRISNET, CHIANX, EOSC, ENU, BOS, TELOS, NAS, ESN, KUSAMA, Edgeware, Harmony, EthereumClassic, Tomochain, Fibos, Worbli, Hashgard and more than 60 public chain and DAPP ecosystems.

Token Name: Math (ERC-20)

Address: 0 x08d967bb0134f2d07f7cfb6e246680c53927dd30

Total tokens: 200 million

Token allocation:

- Locker drop: 10%

- Institutional investors: 30%

- Mining output: 60%

Token use:

Transaction fees, cross-chain fees, wheat wallet related service fees, decentralized governance

Trust Wallet

TrustWallet is a digital currency wallet that allows users to buy, store, trade and earn digital currency. TrustWallet currently supports 40 blockchain protocols and more than 160,000 digital assets. It also supports collateral on Cosmos, Tezos, Kava and other blockchain protocols. In addition, TrustWallet provides an easy way to store and access all digital collectibles in one place.

Token Name: TWT (BEP-20)

Address: 0 x4b0f1812e5df2a09796481ff14017e6005508003

Total tokens: 1 billion

The current supply of tokens in circulation is about 34.7%. All of the tokens in circulation were distributed to the Trust Wallet community through promotions, giveaways and takeovers.

Token use:

- Governance: Participate in the network decision-making process, including adding new blockchain, tokens and product features.

- Discounts: Get discounts on in-app digital currency purchases and access to decentralized transaction services.

imToken

imToken  Is a mobile terminal light wallet APP, it aims to provide common users with a safe, easy to use, powerful digital asset wallet application. At present, IMToken already supports ETH, BTC, EOS, Cosmos and other multi-chain assets. At the same time, the wallet is equipped with a native dApp browser, which is convenient for users to interact with numerous decentralized applications on the mobile end.

At present, IMToken has well supported NFT. Users can browse and pay for NFT collections in their own accounts in the collection column of wallet. However, ImToken does not yet allow users to cast NFT directly in their wallets.

Token name: LON

Total circulation: 200,000,000

Community: 65%

Team: 35%

Token use:

Trading rate is deducted, participate in management

Safe Pal

Safepal is a cryptocurrency wallet designed to provide a secure and user-friendly platform for crypto asset management. Safepal supports 20 blockchains and more than 10,000 tokens and NFT assets. Safepal offers a hardware wallet and a software wallet product managed by SafePalApp where users can store, manage and trade their crypto assets.

Token Name: SFP (BEP-20)

Address: 0 xd41fdb03ba84762dd66a0af1a6c8540ff1ba5dfb

Total tokens: 500 million

Token allocation:

- Safepal Fund reserves: 20 per cent

- Team: 20%

- Community and airdrop: 15%

- Product and Marketing: 15%

- Seed round: 2%

- Public fundraising: 10%

- Individual investors: 4%

-Strategic fundraising: 9%

- Ecosystems: 5%

Token use:

Fee deductions, mortgage awards, candy awards and community governance

Talken Wallet

Talken Wallet is the mainstream multi-chain NFT wallet at present. Currently, it has supported networks including BTC, ETH, HECO, BSC and KLAYTN. In addition, adaptation of mainstream capacity expansion solutions such as Optimism, XDAI and Polygon is also under active development.

In addition to supporting the basic functions of a normal wallet, Talken wallet also focuses on optimizing the collection, storage, and creation of NFT. Not only can users store their purchased NFT collections in their wallets, they can also create NFTs directly in their wallets. With Talken Wallet, users can easily transfer their purchased and created NFT collections across different trading platforms, such as OpenSea and Rarible.

Talken wallet has also made key improvements in security. Through the white box encryption algorithm, the user's mobile device code is mixed with the private key encryption, so that the user will no longer cause asset loss due to the exposure of the private key, providing users with cold-wallet level security. Talken has raised a multi-million dollar private placement round with a project valuation of $80 million and currently has over one million users.

Token name: TALK

Address: 0 xcaabcaa4ca42e1d86de1a201c818639def0ba7a7

Total tokens: 500 million

Token allocation:

- Public sales: 1%

-Private placement: 24%

- Partners: 20%

-Marketing: 20%

- Team: 20%

- Reserve: 15 per cent

Token use: governance, access to advanced functions of the platform, etc

Financing situation

Talken has raised a multi-million dollar private placement round, The round was funded by BDC Labs, Honest Ventures, Kryptos Research, Pharos Capital, Tachyon Partners, Alphabit and others. The project is valued at $80 million in a private placement round.

conclusion

When the NFT market calms down from its overheated state, people will shift their attention from NFT art and collectibles to NFT financial products, infrastructure and other sectors that previously received little attention. The wallet is the most important part of the infrastructure. In addition to ensuring the security of assets, NFT players need to be able to display their collectibles. Therefore, choosing the right wallet will be a required course for every NFT player.

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