Once you pay for an NFT on a platform (or directly from a mint website) , it passes to your digital wallet (usually Hot wallet, I’ve explained it in the next post).
The Token verifies that your copy of the digital asset is the original.
To make it simple, anyone can have a digital copy of your NFT, just as anyone can have a printed or digital copy of famous artwork.
Your private crypto key is the proof of ownership of the original.
It works together with the creator’s public key to ensure authenticity.
“You will need to open a wallet with the correct currency”
What is the difference between an NFT wallet and a platform?
A wallet is like your wallet; it holds your crypto money and NFT. The platform is like a big shop where you can buy and sell NFTs.
