It is a general question, how to store NFT? It is not only for the newbie who wants to know it but also for those who are experienced in Blockchain and want to learn more about this technology. In this article, we’ll go through how to store non-fungible tokens.
How To Store NFT ?
Once you have enough free space, you can create a folder where you will save all your NFT files. For example, if you want to create a token called “token,” you should create a folder named “nft_myToken.”
You can also choose to keep your NFT data in a database. The advantage of doing this is that you can easily access your NFTs by querying the database.
However, databases require additional resources such as memory and CPU power. So, if you have limited resources, you should avoid using databases.
Another option is to store your NFTs directly into a text file. This method has its advantages and disadvantages.
1. it requires fewer resources than databases.
2. you can open the file and view the contents without installing any software.
3. you can edit the content of the file anytime you want.
However, one disadvantage of saving your NFTs directly to a text file is that you cannot query the information stored inside the file. It would be best if you retrieved each piece of information manually.
Also Read: Who Buys NFTs?
Where To Store NFT?
The most important thing when you want to store your NFTs is where to save them. There are three main places to store NFTs:
1. Blockchain
The first place to store NFTs is on a blockchain. This means storing NFTs on a public ledger called a blockchain.
A blockchain is a distributed database that stores data in blocks linked together using cryptography. Each block contains transactions made by users.
2. Smart Contracts
A smart contract is a computer program that runs on a decentralized network. Smart contracts are written in code and stored on a blockchain.
When someone sends money to another person’s address, the transaction is recorded on the Blockchain.
If the smart contract conditions are met, then the smart contract automatically executes its instructions. These instructions could include transferring funds or creating a token.
3. Ethereum Wallet
The third place to store NFT is using an Ethereum wallet. An Ethereum wallet is software that allows people to send, receive, and store Ether (ETH).
You can use an Ethereum wallet to create accounts, transfer ETH, and interact with other wallets.
Also Read: Are NFTs A Good Investment?
How Are NFT Files Stored?
There are two ways to store NFT files. One way is to store NFT files directly on the Blockchain. Another way is to store them inside a smart contract. We will discuss both methods below.
1. Storing NFT Files Directly On The Blockchain:
This method uses the same process as any other file storage system:
i) You need to download the NFT file onto your computer.
Ii) You upload the file to a cloud service like Google Drive, Dropbox, or Amazon S3.
iii) You copy the link to the file into your Ethereum wallet.
2. Storing NFT File Inside A Smart Contract
In this case, you don’t need to do anything special before uploading the NFT file to a cloud service. Instead, you upload the NFT file to your Ethereum wallet. Once uploaded, the NFT file becomes part of the smart contract.
Is NFT Stored In Blockchain?
Yes, The entire concept of NFTs was based on using blockchain technology. However, there are some differences between the original concept and what has been implemented today.
For example, NFTs cannot be transferred outside of the Blockchain. Also, NFTs cannot change ownership without changing the Blockchain.
Also Read: How do NFTs Work?
How Are NFT Images Stored?
NFT images are saved similarly to how image files are stored. It’s the same process. To store NFT images, you must first download the image onto your computer.
Next, you upload the image to a cloud service like Dropbox, Google Drive, or Amazon S3. Finally, you copy the link for the image into your Ethereum wallet.
The only difference is that instead of copying the link for the image, you copy the link that points to the NFT.
NFT Cold Storage
If you want to protect your NFT from hackers, you should consider NFT cold storage. Cold storage refers to storing assets offline. This includes paper wallets, hardware wallets, and even old-fashioned physical safes.
Cold storage is not recommended for beginners because it requires additional steps. It also doesn’t work if the hacker already has access to your private key.
Also Read: Top 10 NFT Games
Conclusion
We hope you enjoyed our blog on how to store NFTs. To help you store your NFTs in the best way possible, we have provided an in-depth guide to storing NFTs on the blockchain.
We are always excited when one of our blog posts can provide helpful information on a topic like this. If you have any other questions or concerns about storing your NFTs, please don’t hesitate to contact us anytime.
