Top 5 NFT Wallets in 2022

The realm of digital art and collectibles is currently being taken over by NFTs. Digital artists' lives are being transformed by massive sales to a new crypto-audience. Celebrities are getting involved because they view it as a new opportunity to interact with their audience.Some celebs also make investment in Digital Wallet App Development.

NFTs can be used for more than just digital art. They can be used to indicate ownership of any one-of-a-kind object, such as a digital or physical item's deed.

NFT wallets are significant because they allow you to store both your cryptocurrencies and your NFTs in one location. Because of the rapid growth of the NFT business, investors now have access to hundreds of wallets, each with its own set of tools and capabilities.

This post will go through the best NFT wallet in depth to assist you in making your pick. We'll go over some of your best investment possibilities.

What exactly is an NFT wallet?

An NFT wallet is a piece of software (or hardware) that allows you to keep your NFTs safely. The wallet you use to hold your NFTs must be compatible with the blockchain that the NFT is based on - for example, if the NFT is built on Ethereum, the wallet must support Ethereum. The majority of NFT wallets include a mobile app, however some also have a web plugin.

Because NFTs are held on the blockchain, NFT wallets simply retain the location of the NFT inside the network. As a result, they're an important aspect of keeping your NFT safe and retaining ownership. Aside from keeping your funds safe, the top NFT wallets also offer a variety of other features such as the ability to view, share, and send NFTs to others.

NFT Wallet's Features

When purchasing an NFT wallet, keep the following features in mind.

User-Friendly Interface

The notion of NFTs is already confusing for novices, and the last thing you need is an app that adds to the confusion. As a result, choosing an application that is straightforward to set up and use is useful.

There is no complete beginner-friendly wallet accessible because the industry is still in its early phases. However, some of the limited accessible solutions (particularly on mobile) are great for someone who is just beginning started collecting NFTs.

Support for many devices

The majority of NFT apps can be downloaded as web extensions, mobile or desktop apps, or both. Some, like Metamask, are available on both platforms and can synchronise transactions in real time, making them ideal for anyone looking to manage their tokens across different platforms.

Chain-to-chain compatibility

Ethereum is the most preferred blockchain for NFT users due to its popularity and big developer base. As a result, it's no surprise that Ethereum-based tokens are supported by the vast majority of wallets (ERC-721 standard).

5 NFT Wallets You Should Be Aware Of

The following are the top 5 NFT wallets to be aware of:

Metamask

Metamask is one of the most popular cryptocurrency wallets. Its browser extension makes it simple to access web3 sites like NFT marketplaces. Metamask also allows you to create numerous addresses to keep your NFTs distinct from your cryptocurrency, or a single address for each NFT you purchase.

Metamask's creator, ConsenSys, expects to deliver a mobile app in 2020. The contents of the wallet sync perfectly across the desktop and mobile versions. A browser for decentralised applications (dApps) and NFT markets is also included in the mobile app.

Coinbase Wallet

Coinbase Wallet's status as a good NFT wallet stems from the fact that it is ideal for beginners. Users can send and receive NFTs using usernames rather than public wallet addresses on Coinbase.

The usernames ensure that NFT transactions, which are similar to PayPal transactions, are as flexible as possible. As a result, newcomers will have no issue using the Coinbase Wallet to deal with NFTs.

Most significantly, Coinbase Wallet accepts a wide range of popular cryptocurrencies, including Bitcoin, Ripple, Litecoin, Stellar Lumens, and ERC-20 tokens. The finest NFT wallet for novices, Coinbase Wallet, also features a user-friendly software for storing your own assets.

AlphaWallet

AlphaWallet is a free and open source cryptocurrency wallet. While it has significant limitations (it's only available on mobile and exclusively on Ethereum), it stands out for its native support for blockchain games and NFTs.

Beginners will appreciate the user interface's simplicity. NFTs and gaming tokens have their own compartment in the wallet. Users can also use meta tags to tag their tokens, making it easier to find and filter them when browsing their collection.

OpenSea, CryptoKitties, Dragonarium, and ChainZ Arena, as well as other NFT markets and blockchain games, have direct connections with AlphaWallet. It, too, features a built-in dApp browser to help you find new NFT marketplaces and DeFi apps like Compound.

TrustWallet

Trust Wallet is another potential option among the most popular NFT wallets. It is a well-known mobile wallet alternative appropriate for NFT collectors, with over 5 million users. Users of Trust Wallet can access a list of decentralised art marketplace apps to gain one-click access to sites such as Axie Infinity, OpenSea, and others.

Even though Trust Wallet does not handle NFT transfers, it can let users manage and save their assets on the platform. Surprisingly, Trust Wallet has native support for popular public chains like Ethereum Classic and Binance Smart Chain. One-click access to NFT applications is Trust Wallet's most promising feature.

Compatibility with numerous blockchain networks may also offer up new possibilities in the long term.

Enjin

You might stumble upon Enjin while looking for the finest NFT wallet. It's a fascinating blockchain-based wallet that lets you acquire NFTs and other valuables in-game. You can store both NFTs and cryptocurrencies on Enjin.

A marketplace for trading digital assets is also included in the Enjin NFT wallet. In the marketplace, you'd have to utilise ENJ, the Enjin project's native token.

Users can access many sorts of Ethereum-based decentralised apps, such as DeFi apps, using a one-click browser. Enjin's most promising feature is that it offers the best NFT wallet with an appealing UI for NFT collection. Enjin also sets itself apart from other wallet providers by offering a customer help desk.

As a result, if you wish to utilise a decentralised platform like this, you'll need to first set up an NFT wallet that supports the network that the marketplace's NFTs are based on.

You'll need an NFT wallet if you want to collect or invest in non-fungible tokens. A cryptocurrency wallet that supports the NFT blockchain protocol is known as an NFT wallet. It also has to support the currency that is used to buy NFTs, such as Ether.