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If you're interested in participating in the SCOPXNFT marketplace, you will need to understand what a wallet is. Wallets are used to send, receive, and store digital assets like Ether..You will need an account with a wallet provider. This account will assign you a public address and private key.

What is a public address?

Public addresses come in the form of a string of numbers and letters that are used to identify wallets and to send and receive crypto. You can think of it as a username or an email address.

What is a private key?

Private keys act like complex passwords which give access to wallets and their protected assets and allow users to send tokens from their public address. It is important to keep your private keys as safe and as possible.

What are the types of wallets?

Wallets come in many forms. They are either built into your browser, an extension added to your browser, a piece of hardware plugged into your computer or even an app on your phone.

Desktop/Mobile: Software that connects to the Internet as a solution to processing blockchain interactions. This is the most common type of wallet and may come in the form of a browser extension or mobile application.

Hardware: A piece of hardware that is built to keep your crypto secure via a physical medium. These will usually come in the form of a USB device. They can stay offline and be kept somewhere their user feels it is safe, while still being able to go online when the user would like to engage with the blockchain to store assets or manage funds. This usually involves plugging the device into a PC.

How do I keep my wallet secure?

Never share your private key or wallet password. Store your private keys somewhere safe that you will not forget. Losing access to your private keys means losing access to any digital assets protected by the associated wallet. Pay attention to where you are signing transactions and connecting your wallet. A malicious website that you connect your wallet to can clean out the entirety of your assets.

NFT? ERC-721 tokens?

NFT stands for non-fungible tokens like ERC-721 (a smart contract standard) tokens which are hosted on Ethereum’s own blockchain. NFTs are unique digital items such as collectibles or artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain-managed.

What does “minting” mean?

The process of tokenizing your work and creating an NFT (see above).

Can I create an NFT on SCOPXNFT Marketplace without putting it on sale?

Yes, you can and it is up to you if you decide to sell it later or not.

After Minting or buy NFT I cannot see NFT in my profile?

Please wait for 5 minutes for the NFT to show in your profile