Where Do You Store Your NFT?
Frequently Asked Questions
This is indeed a concern among owners of NFTs. The good news is that the NFT itself (i.e. the token or certificate of ownership) can never cease to exist. However the file which it is associated with (e.g. digital art, etc.) would technically no longer be searchable via the web address that the certificate points to. There are currently a number of new technologies, such as IPFS, being developed to overcome this potential problem, but none have been officially settled on for now.
Although it is possible to copy the file that an NFT is associated with, the NFT itself (i.e. the digital signature that proves you own and NFT) cannot be stolen or duplicated in the same way that digital images or source code can just be copied on the internet.
Since nobody else knows the private key or password required to access your assets on the blockchain — or at least they shouldn’t — there is no way for anyone to gain ownership of your NFTs, unless of course they gain access to both your recovery phrase (the long string of words you are given when you first create your crypto wallet) as well as your password.