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How to Add Your NFT to SimpleHold Wallet

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That can't be true, that you haven't had an NFT yet. But even if so, you might need to know how to store and view them in your crypto wallet. 

 

But just in case, let's come across some basics. What exactly is an NFT, and why is it still a hot topic to discuss? 

 

NFT Explained 

NFT is an acronym for "non-fungible token." That's not getting clearer, though. Okay, let's keep going. An NFT is a digital asset that provides ownership to unique physical or digital items, such as works of art, music, video, real estate, a tweet, or even a little tree branch for your adorable dog.

Many consider NFTs as modern-day collectibles. You can buy and sell them online, and they will represent digital proof of ownership of an item. NFTs are recorded on a blockchain that's just the same technology behind cryptocurrencies, ensuring the asset is one-of-a-kind. The mentioned technology can also make it difficult to fake NFTs.

 

However, let's look at some prominent differences between fungible and non-fungible tokens:

  • Fungible tokens are replaceable, so they can be easily exchanged with one another, as their value isn't tied to their uniqueness. Here's an example: you can exchange a $1 note for another $1 note, and you'll still have the same $1 even though your new note has a different serial number. 
  • Non-fungible items can't be replaced that easily. Each NFT has unique properties; thus, it isn't worth the same amount as other similar tokens. 

The Most Famous NFTs Ever

This part is just for having some fun by learning about the most expensive and thus famous NFT tokens ever. Here are the top 3 ridiculously pricey NFTs:

1. The Merge by Pak – $91.8 million

A totally anonymous NFT creator Pak became a prominent figure after his record-breaking Merge NFT drop. His Merge NFT was sold for a whopping $91.8 million in just 48 hours, adding it to the list of most high-priced non-fungible tokens of 2021. 

2. The First 5000 Days – $69.3 million

Mike Winkelmann, commonly known as Beeple, is a digital artist and graphic designer who created the 'Everydays: The First 5,000 Days' NFT. This NFT artwork is the most expensive NFT ever sold to a sole owner MetaKovan who purchased the piece for an astonishing $69.3 million. 

The exciting thing about Winkelmann's piece of art is that he began creating the collage in May 2007. Since then, he kept on adding digital illustrations and artwork bit by bit to develop this masterpiece.

3. Clock – $52.7 million

The last in our brief chart is an NFT called Clock NFT, and it was again minted by Pak, an anonymous NFT creator we're talking about earlier.

In the released NFT collection "Censored," Pak showed his open support for the imprisoned founder of Wikileaks, Julian Assange. "Clock" is a part of the Censored NFT collection.

By the way, did you know that not all wallets can store your NFTs? Yeap, that's sad but true. But good news, SimpleHold differs, so it's an NFT-compatible creature.  

Now you know if not everything, but at least some essential stuff on NFTs, and here's a quick tutorial on importing your non-fungible collectibles into the SimpleHold wallet. Believe us, there is nothing easier than that! 

  1. Go to a marketplace such as OpenseaMagic EdenSuperRare, and alike;
  2. Open WalletConnect in your SimpleHold wallet (Tap 'Settings’-’WalletConnect') and connect the wallet using a time-saving QR-code function;
  3. Choose an NFT you want to transfer;
  4. Make a transaction;
  5. Well done! The NFT is successfully added to your SimpleHold wallet. Now you can safely store and view your adorable collectibles in one place.

As you see, your wallet can turn into a pocket art gallery where the entire NFT collection is stored. Enjoy! 🥰