Supported wallet providers

Supported wallet providers

Wallets – digital purses for your NFTs

If you want to create, buy or trade an NFT, it is mandatory that you have a crypto wallet, a kind of digital wallet with which you can manage your NFTs and your cryptocurrency.

If you want to put your NFT on the blockchain and into your own digital wallet, there are different options. Creatokia currently supports MetaMask, one of the biggest and most popular wallets today. But we are already planning to expand to additional ones later on.

Here you will learn what a wallet is, how to create your own crypto wallet and how to link it to Creatokia.

What is a wallet and how does it work?

A wallet for NFTs enables content creators, collectors and enthusiasts to trade digital assets quickly, easily and securely. In addition to the NFTs themselves, cryptocurrencies such as bitcoin or ether are also managed in the wallet. Although the name suggests that a crypto wallet is a kind of purse, the cryptocurrencies and NFTs are not actually stored in it. They are only managed there.

A wallet can be either a physical medium, a so-called hardware wallet such as Trezor or Ledger, or a software solution as described below, which can be used to manage cryptocurrencies and NFTs. In principle, you can have as many crypto wallets as you like.

What do I need a private key for? What is a seed phrase?

Wallets need a lot of protection

Without the private key, you cannot access your crypto coins and your NFTs. Therefore, keep your key safe and never give it to anyone else. It is comparable to the PIN number of your bank card. You should not lose it either, otherwise it is possible that unauthorised third parties will get access to the money in your account.

In addition to the private key, there is a "seed phrase". This usually consists of 12 words that are generated by the wallet provider when the wallet is created. You have to keep these just as secure as the private key. They are used for wallet recovery, for example if you lose the hardware wallet or the computer on which MetaMask is installed breaks down. They are a kind of "password recovery" function, except that anyone who has these 12 words will have complete access to your wallet. Therefore, they should be kept as secure and never stored in digital form. 

The safest option is to write the words on a piece of paper and keep it safe.

A crypto wallet with access to multiple blockchain applications

Supported Wallets at Creatokia: MetaMask

Creatokia currently supports MetaMask, one of the largest and most popular crypto wallets.

MetaMask is available both as a browser extension and as a mobile app (dApp), whereby transactions are continuously synchronised between the mobile and web versions. This makes the application particularly easy and convenient. Registration is also very intuitive and only takes a few minutes.

The MetaMask Wallet can be used with the major NFT marketplaces and the most popular blockchain games. You can also manage the NFT books you purchase at Creatokia conveniently and securely in your MetaMask Wallet.

MetaMask addresses users of the Ethereum blockchain and many others. However, since Ethereum is currently the largest blockchain for NFT users and the NFT books at Creatokia are also based on Ethereum, MetaMask is ideally suited for managing Ethereum-based token and NFTs.

In the near future, an expansion of the supported wallets is planned.

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