With Ledger you stay on the safe side

At least since the auction house Sotheby’s sold art in the form of an NFT (non-fungible token) for 69 million US dollars in March 2021, digital collector’s items have been on everyone’s lips. But NFTs are not just limited to digital art. NFTs are becoming increasingly important, especially in the area of ​​blockchain gaming and the metaverses Decentraland, The Sandbox and Co.

At least as important is the question of safe storage of the NFTs. Because the digital collectibles often remain on the hot wallets of the respective NFT marketplaces. There they are only partially secured. Anyone familiar with the crypto space knows: not your keys, not your coins. And the same goes for NFTs. In other words: If you don’t manage your personal access keys (private keys) yourself, you have no right to get them back in the event of security problems.

Ledger enables secure storage of NFT

So there is no question: NFTs should also be kept safe – just like any other digital asset. The wallet provider Ledger offers the right solution here. Because in addition to the functions of crypto custody, staking and many more, the Ledger whaleletc also keep NFTs.

This is how Ledger manages the balancing act between security and convenience. Because the NFTs can be stored, visualized and managed via the Ledger Live app without having to compromise on ownership. The associated private keys always remain in the hands of the users.

Store NFT with Ledger Live and the Ledger Hardware Wallet

ledgers has found an elegant middle way in order to make few compromises in comfort while maintaining the greatest possible safety. On the one hand, there is the Ledger Live software solution. With it, users have a dashboard where they always have an overview of all their assets. These include Bitcoin, Ether and other cryptocurrencies, but also NFTs. All functions such as sending, trading, swapping or other functions can also be controlled in the Ledger live app. This feature is mainly made possible by Ledger’s cooperation with the respective providers, which are integrated into the Ledger live environment.

To confirm the respective actions, you need the hardware wallet in the form of the Ledger Nano. This is reminiscent of a USB stick in form and function and can be connected to the computer via cable. To unlock it, users need their personal pin code. The private keys are stored on it, which ensures double security for your own assets.

All Ledger Nano wallets work according to the same principle: What is not connected to the Internet cannot be hacked. Also known as a cold storage solution in crypto jargon. But the company doesn’t stop there. The Ledger solution also allows transactions to be signed offline. If you take care to keep your seed phrase safe, you can be sure that your own keys will not be lost.

It is not for nothing that the Ledger Nano is the first (and only) hardware wallet to be awarded for its security. With the built-in Secure Element chip, the wallet is protected against even the most sophisticated hackers.

But when it comes to security, Ledger does not stop there. Interaction with other platforms is also possible. With the new “Discover” option in the Ledger live environment, you can not only view your own NFTs, but also send them. The app currently interacts with the Rainbow.me wallet and the proof-of-attendance protocol POAP. Further collaborations are planned to provide users with a comprehensive NFT experience. Of course, the interaction with the Metamask wallet should not be missing either – with it you can connect to all major NFT platforms.

What if something gets lost?

But even if the computer breaks down or the hardware wallet is lost, there is a way to recover your assets. With the personal recovery phrase – a combination of 24 words – users can recover their private keys at any time and anywhere.

Curious? here it goes directly to Ledger.