What is a Wallet?

Understanding Digital Wallets: A Beginner's Guide

What is a Digital Wallet?

A digital wallet is like a virtual pocket where you can keep and manage digital items, such as cryptocurrencies and digital art, also known as Non-Fungible Tokens (NFTs). Just like a real wallet, a digital wallet helps you keep your digital belongings safe and organized.

Two Keys to Keep Your Wallet Secure

In a digital wallet, there are two "keys" that help you keep everything safe:

  1. Public Key: This is like your digital wallet's address. You can share it with others, so they can send you digital items.
  2. Private Key: This is like the key to your wallet. You use it to access your digital belongings. Keep it secret and safe, just like you would with a real key.

Using a Wallet for NFTs on Shopify

If you're creating an NFT on Shopify using Single, you'll need a special kind of digital wallet that works with a system called the Solana blockchain. This wallet will let you store your NFTs and receive any money you make when they're sold or traded.

A Wallet We Recommend: Phantom Wallet

If you're not sure which digital wallet to choose, we suggest trying the Phantom Wallet. It's free, easy to use, and works well for storing NFTs, buying digital money, or sending money to friends. Plus, it connects easily with your Single account.

By picking a good digital wallet, you can keep your NFTs safe and make sure you receive any money you earn from them.