A custodial wallet for NFTs: it happens only on NFT Bunny

NFT Bunny
NFTBunny
Published in
3 min readJan 4, 2022
NFT Bunny will have a custodial wallet

NFT Bunny revolutionizes the NFT world by introducing an internal custodial wallet dedicated to the storage of non-fungible tokens. It is the first marketplace to implement such a feature.

Custodial wallet: what changes with NFT Bunny

The largest NFT marketplaces currently in circulation require the user to link a proprietary wallet to the platform, almost always an Ethereum wallet, and usually a Metamask wallet, which is one of the most popular. This implies that both the artist and the person who wants to buy NFT must be an expert in the crypto sector or at least not a novice. They must therefore have used Metamask (or other crypto wallets) in the past and perhaps have already bought ETH which they keep in the wallet with which they will trade NFTs.

For the team of NFT Bunny this aspect represents one of the many barriers of entry to be knocked down, in order to make the world of NFT free from constraints and without brakes related to technological skills that not all users can and must necessarily have.

The solution? We have developed a custodial wallet that is perfectly integrated into NFT Bunny: the user doesn’t have to have a Metamask wallet (or similar) and can even be a cryptocurrency and blockchain novice because he/she can do everything from within the platform.

Keyword: practicality

Artists or fans who register on NFT Bunny are free to use their favorite crypto wallet, or they can rely on NFT Bunny’s custodial wallet: they can buy their NFTs and keep them in NFT Bunny’s native wallet.

As NFT Bunny is a multichain platform, the wallet will also be enabled to allow custody of NFTs issued on Ethereum, Binance Smart Chain or Polygon.

A bit like what happens with CEX-type crypto exchanges: users buy a cryptocurrency and can keep it on the exchange’s native wallet. Or they can transfer it to an external wallet they own. The same thing can be done on NFT Bunny: NFTs can be transferred to an external wallet at any time.

An all-in-one platform

If we add to this the fact that on NFT Bunny it is possible to buy NFTs by paying with a credit card, we can see that the process of trading non-fungible tokens can be done in every single step directly within the platform, without the need for external tools.

The user does not have to do anything other than register, then he/she can “forage” his crypto wallet by credit card, make the purchase of NFTs, keep them in his custodial wallet, and then maybe one day resell them, or transfer them to another external wallet.

All this without being a blockchain expert and without ever having bought ETH in his/her life before.

With the custodial wallet we reiterate the nature of NFT Bunny: a marketplace that stands out for its ease of use, which makes it affordable for everyone.

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NFT Bunny
NFTBunny

NFT Bunny enables influencers, artists and content creators to create and sell exclusive digital content.🖌🖼