What are Non-Fungible Tokens?
Non Fungible Tokens, or NFTs, are unique and irreplaceable cryptographic tokens that represent a physical or digital asset. NFTs can represent anything ranging from art pieces, properties, achievement, trophies, unique video game items, digital IDs, or even domain names.
In contrast, fungible assets have units that are interchangeable with one another, such as bitcoin or the dollar bill.
You can now easily manage your collectibles on the Crypto.com DeFi Wallet app by going to the dedicated ‘NFTs’ screen.
Designed like a gallery, the ‘NFTs’ screen is organised into the ‘Spotlight’ and ‘Collection’ sections. You can select your favourite collectibles to spotlight at the top of the screen, and view specific NFTs as you scroll down the screen, which are grouped by collection. Tap onto an NFT to view more details about it.
Crypto.com DeFi Wallet currently supports ERC721 and ERC1155 NFTs on the Ethereum network. Support for NFTs on other networks is in the works, including NFTs on the Crypto.org Chain.
To receive an NFT, simply scan or copy the wallet address from the ‘NFTs’ screen, provide it to the sender, and wait for on-chain confirmation. Once confirmed on-chain, navigate to the ‘NFTs’ screen and you will see your NFT displayed
Note: The wallet address to receive ERC721 and ERC1155 NFTs is the same as your ETH/ERC-20 token address.
To send an NFT, simply tap on the collectible, click the ‘Send’ button, and input the recipient wallet address. Sending an NFT means transferring its ownership to the recipient, so make sure to always double-check the address, ensuring it is a valid address compatible with the ERC721 or ERC1155 token standard.
Note: Only one NFT can be sent each time, so the process needs to be repeated for ERC1155 NFT copies.
What is Spotlight?
Spotlight is a section dedicated to your favourite NFTs. NFTs on Spotlight will be displayed as a slideshow, where images, videos or even music will be automatically played when you are at the ‘NFTs’ screen. To add an NFT to the Spotlight section, navigate to the specific NFT and tap onto the [Spotlight] button.
Note: The maximum number of NFTs you can add to the Spotlight section is 20.
How do I share NFT on Social Media?
Easily share NFTs with your friends or on social media using the in-app customisable template, where you can choose from different background colours to showcase your collectibles in the best light. Here are the steps to generate the custom template of your NFT:
Navigate to the NFT you would like to share
On the top left corner, tap on the [Share] icon
Review the pop-up disclaimer, then tap [Got It]
A template will be automatically generated for you, and you can switch to different background colours at the bottom of the screen
Tap onto the [Share] icon on the bottom right corner once you have chosen the right background colour
You can save the image/video on your photo album, or any supported social media on your phone
Note: The [Share] function is merely transforming your NFT to an image/video template that can be easily shared on social media. By sharing the NFT does not mean you are transferring your NFT ownership, please use the send function instead.