Adam Lowe, creator of the cold storage wallet Arculus, recommends investors use multifactor authentication as an added measure of protection.
“If your only line of security is a username and password, you’re doing it wrong,” he said.
As the metaverse has become more popular, platforms are having trouble fielding phishing and hacking complaints, with most saying that once an asset is stolen, it cannot be retrieved due to the decentralized nature of the blockchain.
“All of these platforms have just exploded in growth and popularity, and I’m sure they’re having trouble keeping up with employing enough people to answer questions,” Lowe said.
Developed by CompoSecure, Arculus® is the revolutionary new cold storage wallet solution for securing your crypto and NFTs.