Collecting is a hobby with deep roots in society. It dates back to the dawn of humanity, when cavemen collected rocks and sticks for some unknown reason. But collecting isn’t just about accumulating stuff, it’s also about adding memories to that stuff – memories of how you found or obtained each piece.
The best way to do this is through Non-Fungible Tokens (NFTs). These tokens can be used as a form of digital collectables and given unique attributes that differentiate them from others. We’ve compiled a list of 5 NFT wallets you should check out to store your NFT’s, and we’re confident you’ll find one that suits your needs and preferences!
What are Non-Fungible Tokens (NFTs)?
Non-Fungible Tokens are a form of digital collectables that have the ability to be given attributes that differentiate them from others. These attributes can be a mix of text, numbers and images.
Non-Fungible Tokens have become increasingly popular since the CryptoKitties launch in December 2017 where a kitty with unique characteristics could be purchased for around $10. The value of these digital cats has risen exponentially as more come onto the market, with some selling at 100x+ their purchase price.
Distinct Features to Look for in Most Popular NFT Wallets
The best NFT wallets should have a few unique features to make your experience with Non-Fungible Tokens a whole lot better. First, look for a wallet that is compatible with the specific type of token you’re using. Some apps only support one or two types of NFT’s, while others can store many different types. Second, look for security features such as 2FA and encryption – nobody likes having their tokens stolen! Last but not least, make sure you pick a wallet that has a sleek interface so you can buy and sell without any issues.
User-friendly also tends to be more secure, in that they put a strong emphasis on user protection and privacy. The next crucial aspect to find in a top NFT wallet refers to cross-chain compatibility. This is to say, does your wallet have the ability to sync with other blockchains? The most popular wallets tend to be compatible with various protocols. Some notable examples include Ethereum and Tron.
5 Best Non-Fungible Token Wallets in 2022
1) Mimic Wallet
Mimic Wallet is an open-source project that allows users to store ERC721 token contracts directly in the wallet. It also supports ETH and all ERC20 tokens. Moreover, it has 2FA and encryption, making it a very secure place to save your NFT’s.
MetaMask is a very easy-to-use wallet that supports the following tokens: ETH, RHOC, REP and any ERC20 tokens. It also has 2FA for increased security, but it does not have encryption built in. Instead, your data is encrypted using AES-256 with a key generated from the password you choose. Not as secure as the Mimic Wallet, but still very reliable.
MyEtherWallet is a popular web wallet for ERC20 tokens. It is open-source and has encryption built in to protect your funds from malicious attack. It also allows you to run a full Ethereum node from your browser, making it a great option if you plan on doing a lot of crypto transactions! Moreover, it stores all types of NFT’s and doesn’t discriminate based on their attributes – how awesome is that?
4) Trust Wallet
Trust Wallet is an open-source mobile app with support for ETH and all ERC20 tokens. In addition, this wallet provides users with the ability to store all kinds of collectables, including CryptoKitties! They currently support over 20 NFT’s, with more on the way. Also, it comes with encryption built in for increased security of your funds.
5) Enjin Wallet
Enjin Wallet is an Android, iOS and web wallet compatible with all types of NFT’s. It currently supports over 500 NFT’s. In addition, this wallet has 2FA to help protect users from theft and also stores ETH and other ERC20 tokens. One drawback is that it does not have encryption built into the app – instead all data is encrypted using AES-256 when you enter the password on your mobile device. This means if someone steals your phone, they can easily access your funds!
There are many different Non-Fungible Token wallets available for users to choose from today (Mimic Wallet, Metamask, MyEtherWallet, Trust Wallet and Enjin Wallet). Each wallet has its own unique features that makes it more appealing than the rest. The wallets included Mimic Wallet, which is open source and privacy-oriented; MetaMask for its usability and availability on mobile devices; MyEtherWallet for its cross-chain compatibility and ability to support a wide range of tokens; Trust Wallet for supporting CryptoKitties and other NFT’s in addition to providing 2FA security measures; and finally Enjin Wallet with its support of ETH & ERC20 tokens in addition to providing encryption.