Being the owner of a good NFT like Bored Ape or CryptoPunks can mean some serious bragging rights, but it has its own set of stats, mainly when it comes to security and storage of such expensive assets. It also comes with complexity. Fortunately, Seba BankSwitzerland-based leading cryptocurrency custody company has announced a new custody service dedicated to these high-quality NFTs.
SEBA Bank has been providing cryptocurrency services for years, but the rise of NFTs also required the creation of custody solutions for institutions.
The service will officially roll out on October 26, 2022, and the bank has already announced the collections it will support. SEBA currently stores some of the top NFT collections such as his Clone X NFTS, CryptoPunks and Bored Ape Yacht Club, but plans to add support for more collections in the future.
This development from SEBA Bank comes at an interesting time. Because it was revealed that about $100 million worth of assets were lost to his NFT thieves last year. Many of these criminals target his NFTs, especially from expensive collections, so this kind of service protects the owner to some extent.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
