Switzerland-based financial institution SEBA has prolonged its crypto custody answer to cowl storage for blue-chip NFTs.
SEBA introduced on Oct. 26 that it’ll prolong its institutional custody answer to guard Ethereum-based (ERC-721) NFTs.
Shoppers can deposit their NFTs, together with blue chip collections like Bored Apes, CryptoPunks, and CloneX, for custody with the crypto financial institution.
SEBA mentioned the custody answer will assist shoppers defend their priceless NFTs with out the trouble of managing the personal keys.
A current Chainalysis report reveals that about $3.7 million price of Bitcoin has been misplaced as a result of its holders misplaced entry to their personal keys.
The lender’s co-head of markets and funding options — Urs Bernegger — mentioned that the brand new answer will attraction to NFT holders who really feel safer entrusting their NFTs and personal keys to custody establishments like SEBA.
Bernegger added:
“…SEBA could be very happy to have the ability to assist our shoppers with our experience in increasing our service by providing NFT custody.”
Marketplace for NFTs
DappRadar’s report signifies that regardless of the crypto winter, the NFT market has skilled a big improve. By the top of the third quarter, the full buying and selling quantity for NFTs elevated by 6% to roughly $21 million, whereas energetic NFT merchants surged 36%.
Ethereum-based NFTs — together with Bored Apes and Cryptopunks — account for over 91% of the reported buying and selling quantity.
Elevated curiosity of Celebrities within the Bored Apes assortment noticed its whole buying and selling quantity surge to $2.4 billion, in line with CryptoSlam knowledge.
Well-known footballer Neymar spent $1.05 million to buy BAYC #6633, whereas singer Justin Bieber bought maintain of BAYC#3001 for $1.3 million.
