What does a Non Fungible Token mean?

Non-fungible tokens are the digital representation of unique assets in the decentralized environment.

Difference between a Fungible Token and a Non-Fungible Token?

Fungible tokens can be exchanged with each other since each token holds the same value that does not differ from one another. Non-Fungible tokens cannot be exchanged due to its unique standards and specifications.

What is an NFT in Crypto?

NFT are the unique tokens that represent the digitalization of unique physical assets like arts, sculptures, and other collectibles in the crypto world.

How much does it cost to create an NFT?

The cost to create an NFT depends on the type of assets, platform wealth and its gas fee.

Defi Wallet Development Company

Decentralized finance is an interesting development from the last few years in the crypto space. A secure, non-custodial DeFi wallet is critical for businesses to carry out efficient and hassle-free operations of DeFi protocols such as borrowing, exchanging tokens, swapping, and providing liquidity. DeFi is an independent system and permissionless and hence business users require a secure, impregnable, and safe wallet. By developing DeFi Crypto wallet with help from Politics, your business customers can get access to a protected crypto wallet that would guarantee the protection of crypto assets and coins with the provision of enhanced security features and total control of cryptos. At Proteus, we provide top-notch Defi wallet development services designed by expert blockchain developers. Learn more about how the launch of non-custodial DeFi wallets with help from our expert developers can prove to be beneficial for your business customers to gain high returns on investments in the blockchain space. Request for a demo today

What is DeFi & why is important?

Decentralized Finance or DeFi has made way for easy financial services for those who are not able to access them because of geographical or socioeconomic reasons. Built on the blockchain network and functioning on smart contracts, DeFi products make the need for intermediaries obsolete, saving money and time. It is an open-source and transparent financial system.

Ever since its new all-time high in May 2020 regarding the number of users and locked assets, the DeFi crypto-sphere has spent some time in the limelight. Statistics have revealed that DeFi assets have grown 10 times since the year before. The DeFi market cap has been doubling, and the exponential growth of this sector cannot be ignored. And the main component when it comes to DeFi protocols and platforms are DeFi Wallets. Every cryptocurrency user will need one to initiate and process transactions in the DeFi space, and you can be the sole provider of this secure and protected DeFi wallet by partnering with our Decentralized Finance Wallet Development services.

Why are DeFi wallets Indispensable in the DeFi Ecosystem?

Most DeFi Crypto Wallets are built on the Ethereum blockchain and hence support ERC-20, ERC- 721, and ETH tokens. DeFi wallets are more attractive to businesses as they do not require too much personal and background information. Hence, the personal identity of users of your business is never at stake, thus making DeFi wallets the safest option to handle crypto assets. At Proteus, we provide DeFi protocol users with a protected wallet and much more. Our top-of-the-line DeFi wallet development services built by professionals and an experienced team of developers are sure to bring on good returns on investments for your business. DeFi ecosystems would not be able to sustain without the DeFi wallets as they are the ultimate asset management tool for businesses. The centralized system compels users to depend on traditional financial institutions such as banks or custodial wallets to store their funds. However, these third parties were not always immune to security breaches.

Types of DeFi Wallet

Web Wallets

This DeFi friendly wallet is a hardware device, unlike digital wallets. They are separate from a computer or a smartphone so private keys and crypto assets are safe from hackers. This allows users to deposit huge amounts of crypto assets in these wallets. An extra feature of hardware wallets is that users of DeFi wallets like Metamask can create a separate account connected to the hardware wallet. An example would be Ledger.

Hardware Wallets

Just like any non-custodial wallet, mobile wallets like Argent create a new smart contract on Ethereum, controlled by the wallet user. Mobile wallets like Argent allow a social recovery set up where ‘Guardians’ who are trusted friends, hardware wallets, and other third parties can provide the approval to initiate recovery. Mobile wallets give its users options to freeze their wallets if need be and also set daily transfer limits.

DeFi Dashboards

Examples of such DeFi wallets include Zerion and Zapper. These wallets allow users to view and analyze their consolidated portfolio at one spot. The focal point of these Dashboards is that other wallets like Metamask and Ledger can be connected with it to initiate financial transactions or just use it as a view-only platform for one’s portfolio.

Mobile Wallets

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