Secure, Store and Manage Your NFTs with Arculus®
NFT tokens are one-of-a-kind, meaning they cannot be duplicated. With proper cold storage security and self-custody, owners can maintain their sole authority to dictate how their tokens are shared, displayed, sold, or traded.
As Web3 becomes increasingly enmeshed with our reality, NFTs play a critical role in connecting the digital and physical worlds.
NFT collectors have historically valued their blockchain-based tokens as unique pieces of digital art or media, but NFT technology is also transforming the way we prove ownership or belonging in other ways. Think: passes that unlock access to exclusive experiences in the real world.
Because of their inherent value, NFTs, like other Web3 assets, have become targets for bad actors. It is important to remain vigilant to protect your NFTs. The Arculus Card generates private keys and works together with the Arculus App to allow you to securely store, manage, share, and enjoy your NFTs all while maintaining self-custody. Welcome to the Web3 future.
What is an NFT?
What is an NFT?
NFTs have been around since 2014, and most people are familiar with them in the context of digital artwork. The market for NFTs has grown to an impressive $41 billion in recent years – nearly equivalent to the total value of the entire global fine art market.*
An NFT, or a non-fungible token, is a digital asset that lives on a blockchain and serves as a cryptographic record of ownership for assets such as artwork, video game items, digital real estate, and more.
How are NFTs minted?
How are NFTs minted?
Minting an NFT transforms a digital file into a digital asset that is recorded on a blockchain. When an NFT is minted to represent a real-world tangible asset, such as a physical piece of artwork or a pair of custom-designed sneakers, the asset becomes tokenized. This tokenization reduces the chance of fraud and makes exchange more efficient.
Once minted, an NFT can be put into circulation to be monetized and sold through a smart contract. A smart contract automates a blockchain or ledger-based business agreement that cannot be modified once authorized. They are created when all involved parties are satisfied without additional intermediaries.
How are NFTs traded?
How are NFTs traded?
NFTs are bought and sold on marketplaces. Third party platforms do come with security and self-custody risks, and therefore, after purchasing your NFT on a DeFi marketplace, it’s vital to have a cold storage solution that guarantees self-custody (i.e., complete control of and access to your own private keys stored off the exchange).
Best-In-Class Security for Your Crypto & NFTs
What is a Blockchain?
What is a Blockchain?
Blockchains are used to maintain a secure, decentralized record of decentralized finance (DeFi) transactions.
A blockchain is a distributed database or ledger, which consists of a series (or chain) of blocks where transaction details are recorded after suitable authentication by designated network participants.
This technology works by collecting and holding information in groups, also known as blocks. Blocks all have particular storage capacities, and when they’re filled, they’re closed and linked to the previously filled block, forming a chain of known data, i.e., a blockchain. The information stored in these blocks cannot be changed, erased, or edited — only accessed and added to over time.
Why are NFTs Important?
Why are NFTs Important?
NFTs are democratizing the production and exchange of digital assets at a rapid pace by enabling independent developers, artists, creators, companies, and entrepreneurs to access global markets for goods and services, seamlessly driving broad economic growth.
Because NFTs operate on a blockchain contract, which proves ownership of an asset, NFTs have endless applications in the expanding Web3-enabled future. It’s likely that we’ll soon see wider adoption of NFTs to represent ownership of successively larger real-world assets as well as identity protection as in the case of health data or key account access.
Web3: What You Need to Know
The relationship between Web3, the Metaverse, and DeFi is shaping the future in real-time.
What is Web3?
What is Web3?
Web 3.0 represents the next phase in the growth and sophistication of the Internet and is a vision of a future that is built on decentralized blockchains.
New and emerging Web3 technologies such as AI, machine learning, and decentralized ledgers are all foundational building blocks of a fully mature Web3 future.
What is the Metaverse?
What is the Metaverse?
The Metaverse is a hypothetical iteration of the Internet — a universal and immersive virtual world facilitated by virtual and augmented reality. Though you may have heard the term specifically related to Facebook’s rebranding, the Metaverse does not refer to any one specific type of technology but more to the shift in how we, as users, interact with the technology. An early iteration of this is Second Life, where individuals could create avatars that interact and engage in an immersive digital world.
NFTs will be a fundamental feature of life in the Metaverse, allowing you to purchase and own digital goods in a virtual world, including avatars, avatar clothing and accessories, virtual experiences, and even virtual real estate.
What is DeFi?
What is DeFi?
DeFi stands for decentralized finance. It’s a system built on blockchain technology that has reimagined financial transactions by removing intermediaries. Today, most DeFi apps operate by way of smart contracts or programs that automate the execution of an agreement without the need for an intermediary. Rather than using a traditional bank, people can pay for goods and services using a decentralized app (DApp) designed to execute these payments. Popular DApp's include OpenSea, Uniswap, and CryptoMines.
NFTs will be a fundamental feature of life in the Metaverse, allowing you to purchase and own digital goods in a virtual world, including avatars, accessories, virtual experiences, and even virtual real estate.
Secure Your NFTs with Cold Storage
$100 million in NFTs was stolen between 2021 and 2022.* Without self-custody and control of your private keys, you don't truly control your NFTs or cryptocurrency.
Arculus Protects Your NFTs
How does Arculus secure your NFTs? Our cold storage is fortified by 3-factor authentication.
How does Arculus secure your NFTs? Our cold storage is fortified by 3-factor authentication.
When digital assets are stored in a physical, offline wallet device, they are protected in cold storage. Your Arculus Key Card securely generates, encrypts, and stores your private keys offline.
Arculus & Wallet Connect Functionality
Arculus & Wallet Connect Functionality
It’s easy to connect your Arculus to the DeFi platform of your choice. WalletConnect works as a bridge that connects decentralized applications (DApps) to your wallet. Once you approve the connection request from the DApp (via WalletConnect), the DApp can send transaction requests to your Arculus App. The Arculus App works together with your Arculus Card to let you manage, send, secure, store, purchase, and sell your crypto and NFTs.
With Arculus NFT support, it’s simple, safe, and convenient to join the Web3 future.
Together, the easy-to-use Arculus Card and the Arculus App give you complete power and control of your digital assets. Arculus is on a mission to empower your control over your private keys, to secure your crypto, and to protect your digital identity.