This includes our cutting-edge products:
- custodial platform CYBAVO Vault,
- mobile app CYBAVO Wallet
- and wallet software development kit (SDK)
CYBAVO Wallet now includes NFT asset storage and transaction support for both ETH and BSC chains. Whether you use ETH’s ERC721 or BSC’s BEP721, CYBAVO Wallet can support both of them. You only need to download the APP , add related NFT assets through the NFT asset field, and then you can start exchanging and trading NFT assets.
Apart from storage, the CYBAVO wallet also supports NFT trading.
CYBAVO digital asset storage is protected by multiple layers of security, including biometric and SMS verification mechanisms, as well as multiparty computation (MPC).
What are NFTs?
NFT stands for Non-fungible Token, a protocol standard that represents digital assets that are unique and indivisible, such as artworks, virtual treasures in games, or even real estate or red wine certificates. When you trade a non-fungible token with someone else, you will no longer own it.
Since NFTs are issued on the blockchain, as long as the chain still exists, the record of your NFT will not be tampered, wiped out, or disappear. In the contract for issuing NFT, the identification information of this token will be recorded.
Each NFT is unique, immutable, and has indivisible characteristics, making it inherently able to be linked to specific assets to prove the nature of asset ownership.
This property allows NFT to be used in games to represent virtual treasures and unique characters. The most famous ones are CryptoKitties. When applied to artworks, the NFT can represent paintings, music copyrights, and various collectibles.
The most famous is the recent work of the digital artist Beeple, EVERYDAYS: THE FIRST 5000 DAYS, which was sold for $69.34 million. NFTs are increasingly also widely used in various industries such as digital certificates, identity authentication, and domain names.
How to store NFTs on CYBAVO Wallet
CYBAVO Wallet now includes NFT asset storage and transaction support for both ETH and BSC chains. Whether you use ETH’s ERC721 standards or Binance Smart Chain’s BEP-721., CYBAVO Wallet can support both of them.
CYBAVO Vault allows the addition of NFT tokens through the “Currency>Add” option. Moreover, this route opens the door to the creation of an NFT storage ecosystem inside the wallet.
Simply download the APP , add related NFT assets through the NFT asset field, and begin exchanging and trading NFT assets.
If you have any suggestions or custom needs for NFT assets, please feel free to contact us.