SNEAK PEEK
- BAYC is teaming up with Warm Wallet for their next minting.
- NFT investors can keep their valuable NFTs in cold storage by using Warm.
- Metamask and Wallet Connect are both supported by Warm Wallets.
On January 11, 2023, BAYC announced the launch of warm wallets for minting. With the help of Warm.xyz and Delegate.cash, Bored Ape Yacht Club is introducing a warm wallet for NFT enthusiasts to mint their art. They are also advising people to set up their warm wallet account.
Heads up, Apes: you’ll be able to use a warm wallet through https://t.co/WGWLQY9try or https://t.co/Spha4pZXJp for next week’s mint. We recommend setting up the wallet ahead of time.
— Bored Ape Yacht Club (@BoredApeYC) January 11, 2023
BAYC has also warned people about scams. They are suggesting to head over to their discord chat group to ask any question or query if anyone has.
The Bored Ape Yacht Club is a collection of 10,000 distinctive Bored Ape NFTs—unique digital items that live on the Ethereum blockchain. The Bored Ape also serves as a Yacht Club membership card, granting users entrance to member-only features such as graffiti boards and more. The community may unlock future regions and benefits by activating the roadmap.
Warm is a method of transferring access from a cold wallet to a hot wallet. Warm, as an on-chain storage of account links, allows a hot wallet to function as if it held the NFTs in a cold wallet. People can preserve their most precious NFTs in cold storage by sending transactions from a hot wallet acting on behalf of a cold wallet using Warm. Warm is supported with wallets that use Metamask and Wallet Connect, including crypto wallets.
Using Warm is quick and easy. People own a cold wallet hardware device in order to utilise Warm. Membership in a cold wallet could only be delegated to one hot wallet at a time. To begin, use MetaMask to link the hardware wallet device to Warm. After it is confirmed, simply copy and paste the hot wallet address of the person to whom the individual has granted permission to function as the owner of the NFTs in their cold wallet.
This may serve as a “burner” wallet. Finally, choose an expiration date for the hot wallet’s rights. Check the “Never” box to permanently link your wallets. Warm will be enabled on the hot wallet once the payment has been verified. This authorization can be revoked and/or the expiration date modified at any time.
