What is an NFT?
NFT stands for non-fungible token, which essentially means it is unique or one-of-a-kind token on the blockchain. Arculus supports NFTs on the Ethereum blockchain (although other blockchains offer NFTs as well). The Ethereum blockchain then tracks who holds, trades or owns NFTs. NFTs can be anything digital, but is mostly art like drawings or music or even tweets.
What can I do with NFT’s in the Arculus Wallet?
You can securely buy, send, receive, store, view and share NFTs with friends in the Arculus Wallet app.
How to buy NFT’s from within the Arculus Wallet
Using the Arculus Cold Storage Wallet in conjunction with WalletConnect, you can connect to DApps such as NFT marketplaces. Once connected, you can purchase an Ethereum NFT on a marketplace (OpenSea or Rarify, for example), and a sign request will be displayed in the Arculus wallet. You’ll need your PIN-code and the Arculus Card to authenticate in order to securely complete the transaction.
How to receive NFT’s to your Arculus Wallet
In the top right corner of the NFT gallery, there is a button to Receive. The address can be copied, shared, or scanned by another wallet to send an NFT to this wallet address.
How do I transfer an NFT from my Arculus Wallet to a friend or another destination?
Once you have navigated to your NFT gallery, select which NFT you would like to transfer to another wallet. In the preview screen, click the Send button. You will then be able to paste in or scan an address QR code of the destination wallet. Your PIN-code and Arculus Card will be required to authenticate this transaction.
How do I view the NFT gallery?
From the Wallet tab of the Arculus Wallet app, you can navigate to your NFT gallery by toggling from your coin assets to your NFT assets using the menu at the top of the screen. You can then select to view your Ethereum NFT gallery. From here, NFTs can be received, sent, viewed, and shared.
What type of NFT is supported for Viewing and Storing in the Arculus Wallet?
Arculus currently supports sending and viewing Ethereum ERC721 and ERC1155 NFTs in the gallery.