The number of NFT users has increased rapidly in the last year, and having a strong and secure wallet to store and exchange NFTs of all kinds is critical.
NFT wallets are often cryptocurrency wallets with additional features in addition to storing and trading crypto assets. Apart from their initial use cases of holding crypto assets, most crypto wallets can store NFTs. You can use your wallet to buy, trade, or hold both cryptocurrencies and NFTs, acting as a type of safe haven for all of your NFTs.
Let's look at some of the most well-known and dependable NFT wallets:
MetaMask is a cryptocurrency wallet developed by ConsenSys that allows for the storage and trade of digital assets on the blockchain network. Since 2020, it has evolved from a desktop browser plugin on web browsers to a mobile wallet for both Android and iOS devices.
Its primary function is to store digital assets and to host a collection of decentralised apps (dApps). The MetaMask mobile application has a plugin that allows users to save their wallet passwords and private keys, giving them control over their wallets and an additional layer of security over their private keys. It can be used to hold Ethereum-based tokens such as ERC-20 and ERC-721.
ERC-20 tokens are fungible tokens that can be traded for tokens of equal value. There are over 500,000 ERC-20 tokens, including USDT, BNB, XRP DOGE, and ETH, to name a few. ERC-721 tokens are non-fungible tokens (NFTs), which are exceptional digital assets that are always distinguishable by their individual unique attributes.
The MetaMask mobile wallet is simple to use and navigate, especially for those new to cryptocurrency or blockchain. Simply slide your screen to the left or click on the "NFTs" interface on the right-hand side to access the NFT wallet.
Although Coinbase is an exchange platform, it also offers a separate wallet; this means that you can store and trade your assets on either the exchange platform or its decentralized wallet. To access the NFT wallet on the Coinbase wallet, simply swipe your smartphone screen to the right-hand side and look for the "collectibles" inscription.
Trust wallets are another type of decentralized wallet that keeps digital assets and allows them to be traded. Sending, receiving, buying, and swapping assets are all possible using Trust wallets. The Trust wallet, unlike centralized wallets, offers access to dApps, is user-friendly, and does not keep the user's personal information.
Although the Trust wallet facilitates the trading of digital assets, it does not own or manage them; rather, the wallet simply makes digital assets available to users. It functions more as a link between users and their favorite assets. It also works with Android and iOS smartphones.
The Enjin ecosystem is a gaming platform that includes tools that enable the creation, trading, and monetization of blockchain tokens. It is constructed on the Ethereum network and uses the ticker $ENJ, which is an ERC-20 token standard. The platform can be used for gaming, NFTs, and other dApps.
The ecosystem is unique in that it includes the Enjin platform, Wallet, Marketplace, and other tools for game development. The Enjin wallet is an excellent wallet for holding NFTs, however it is only available for mobile devices; it does not support desktop computers or PCs.
The Coinomi wallet is the oldest multi-chain wallet, supporting over 125 blockchain ecosystems and several cryptocurrencies. The wallet, which was founded in 2014, is a non-custodial wallet that supports both mobile devices and desktop PCs and has never been hacked.
The wallet includes exchanges that allow for the instant exchange of all supported assets. It includes a dApp browser and supports web 3.0.
Aside from security, which is essential in all wallets, a decent and acceptable wallet for NFTs should allow for easy navigation between digital assets and the ability to store all assets in a single wallet. Distinct blockchains necessitate different NFT wallets, and some marketplaces are also picky about the NFT wallets they accept.