NFT’s could be the future for everything. Literally everything. But there are two sides to the story. Let’s see the tech of NFT’s and what their…

Dogecoin (DOGE, 12th in market capitalization), a coin with a Shiba Inu as its mascot, is trading at $0.1446 on Coin Market Cap as of 4:40 p.m. on the 11th (Korean time). DOGE has fallen 16% in the past seven days…

A hot wallet refers to any cryptocurrency wallet connected to the internet. Generally, hot wallets are easier to set up, access, and accept more tokens. But they are also more vulnerable to hacker attacks, possible regulations, and other technical vulnerabilities.

Cold Storage refers to any cryptocurrency wallet that is not connected to the internet. Overall, a cold wallet is more secure, but it doesn’t accept as many cryptocurrencies as hot wallets.

If you are going to own Bitcoin, Ethereum, or other cryptocurrencies worth more than $100, you could buy a cold wallet right now — this is how much it costs.

Maybe you’ve heard people say, “Bitcoin gives you this opportunity of being your own bank”? There are advantages and disadvantages to this responsibility. Generally, cryptocurrencies have fewer middleman fees, less messy banking regulations, etc. Still, it is your responsibility to ensure the safety of your assets.

Overall, as a rule, you should leave as much money in your hot wallet as you would with a traditional leather wallet that you keep in your pocket. Think of it this way, if a thief was about to steal your regular wallet, you would only lose the money you have in your pocket, not the money in your bank account.

In short, here’s an analogy that can help you: a hot wallet can be thought of as a pocket wallet that you walk around town with; a cold wallet is a bank deposit.

Remember that if you want to trade, a hot wallet is the better option. Still, we recommend encrypting it as best you can and choosing the best software for the most significant security. On the other hand, if you are a non-trading investor and want the highest level of protection, a cold wallet will be a better choice.

We hope we have helped understand the difference between hot and cold wallets. We are confident that you will choose the best option with this information.

FMFW.io has the safe custody — Unique and sophisticated hot/cold wallet system lowers the risk of losing the funds to zero.

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FMFW.io does not provide financial, legal, accounting, or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. All users are advised to consult with their financial, legal, accounting, and tax advisers regarding any potential investment or trading activity.

As we reflect on the year that passed, we can’t help but feel optimistic for what’s ahead.

Optimistic that the many small steps we have taken toward creating Monsta Cats are part of a larger stride toward a collectible toy collection. In 2021 we set out to build a project that was visually distinctive. We spent the better part of our effort into creating the many adorable and few scary faces, tattoos, and accessories, resulting in over 570 attributes.

Optimistic that a few collectors got interested and a handful even bought our art. We wouldn’t be here if it weren’t for our community. We see you. We greatly appreciate you. Your energy inspires us to keep moving forward, day in and day out. How do we grow? How do we provide more value? These simple questions are always on our minds, fueling a creative process dead set on improvement and growth. We’ve already begun work on our next major step — creating 3D models to push the collection forward. We will also expand our roadmap, adding more verticality, but more on that in the coming months.

Today we take the first steps into the future, together. We feel optimistic towards 2022, towards new relationships that we’ll build, towards new possibilities, towards making Monsta Cats the first digital collectible toy collection.

Keep rocking,

TheRealMonsta & Pawsitive Monsta

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