This Simple Method will Save Your Minted NFT Creation from being Stolen, Lost, or Altered!
You Should freeze your valuable NFT!
For NFT creators, why is freezing your NFT a good idea?
It’s a good idea to freeze the metadata on all newly minted NFTs to ensure that they belong to the Ethereum blockchain and not OpenSea, or any other NFT marketplace.
So why should this matter?
Because, Opensea will not own your artwork, and you will have all rights to the NFT creation without ever having to risk losing your valuable creation if Opensea ever becomes defunct.
Freezing your NFT metadata means your NFT is on the Ethereum blockchain forever, and verifiable on EtherScan.
OpenSea, and other platforms, store files on an IPFS or ‘Interplanetary File System’ decentralized storage that stores images and art across multiple computers, to keep the entire blockchain- decentralized.
So What exactly is freezing NFT metadata?
Your metadata will be permanently locked and stored on decentralized file storage when you freeze it, allowing others to view and utilize it.
Your magnificent art will be carefully preserved indefinitely in its original form and will never be lost, stolen, or altered.
Of course, you’ll have to pay the Ethereum gas fees every time you freeze any NFT’s metadata. Since miners will have to write that data into the ledger, and that requires some work. Hence, the extra fees.
The extra fees are needed because nodes on the network have to perform the action.
Once your metadata is frozen, you’ll be able to see your collection token on Etherscan.
This means all the metadata now lives unchangeable on the decentralized Ethereum blockchain.
If your NFT or NFT collection still shows the ‘editable’ property under details on the NFT profile page, this means the NFT or collection has not been permanently stored in its current state.
How Exactly do I freeze my Created NFT metadata?
Remember, you’ll only be able to do this if you’re an NFT creator, or if the NFTs you hold haven’t been frozen. You won’t be able to access this feature until you have created the item.
- Go to your item/collection properties in OpenSea and scroll down until you see the freeze metadata toggle switch. Turning the switch blue will show.. indicating the art you have will be frozen.
3. You’ll then see a “freezing metadata pop up.” Box.
Click the “I understand” box, and then click submit transaction if everything looks right with your collection properties.
4. You’ll now have to sign the transaction connecting you to your wallet and agree to the Ethereum gas fee with this screen (or something like it):
5. Confirm the transaction. Once confirmation is done, you’ll see a note in the details section under metadata saying that the NFT file was frozen.
When you hover over “frozen” a pop-up box appears with details on the decentralized storage and the date and time you did the transaction.
Or you can click on “frozen” and by clicking on the link an IPFS tab will come up in your browser to show you your metadata. It would look something like this:
Remember: Once you confirm and pay for freezing this Simple Method has Saved Your Valuable NFT Creations from being Stolen, Lost or Altered FOREVER!