Pranksy x NFTBoxes launches an NFT vault to protect your assets

Pranksy, the popular NFT collector and influencer, is launching an NFT Vault as part of its latest NFTBoxes launch. This new feature is made possible through a partnership with Coincover, a leading digital asset protection company. All NFTB boxes purchased on the primary market will include a subscription to Coincover’s NFT consumer protection. This is completely free and lasts for up to one year. The NFTBoxes will launch soon and cost 0.65 ETH.

What are NFTBoxes by Pranksy?

Pranksy and his team created NFTBoxes to showcase NFT art around the world. Carefully curated by Pranksy, Series 2 of NFTBoxes launches this week. It’s a monthly subscription service that celebrates technology, art and the artist. The project aims to ensure that artists are recognized for their hard work, and provide fair wages and ethical treatment.

Along with supporting lesser-known artists and creatives worldwide, NFTBoxes has worked with some of the biggest NFT and traditional artists, such as XCOPY and Pussy Riot.

Each box is a tradable NFT. Each box costs 0.65 ETH, and a maximum of 500 is available. Furthermore, each of them contains ten or more NFTs. In particular, this will include a headliner, special edition NFT and NFTs from other incredible artists.

Every NFTB box comes with access to the NFT Vault!

Don’t forget, buying an NFTBoxes from Pranksy also gives you access to the brand new, world’s first NFT vault in partnership with Coincover.

Josephine Dwyer-Mann of NFTboxes said: “Pranksy is always looking for a new way to bring inspiring ideas to the NFT market, and Coincover’s world-first NFT protection is a revolutionary step in the space. The NFT community is important to us. Providing them patronage through this partnership was a way to give back to our amazing NFTbox customers and the wider community in general.”

It is a long-term partnership for Coincover, Pranksy and NFTBoxes. They will continue to ensure that the product evolves along with the ever-changing needs of the NFT market.

How does NFT Vault work?

NFT Vault will protect NFTBoxes holders against both theft and lost access. These are the two most common ways people lose their NFTs, so it makes the most sense to prioritize this. The new protection solution from Coincover addresses some of the biggest concerns about the “security” of NFTs.

Basically, Coincover offers you protection by using their innovative technology to keep your digital assets safe. Significantly, they also provide financial security and will protect your NFTs with a recycling option. Depending on the subscription, this can reach $20,000.

The length of the subscription depends on the amount NFTBoxes users purchase. For example, one NFTBox provides access for one month and allows you to claim back up to $5,000 if your NFTs are lost or stolen. But if you buy nine NFTBoxes, you’ll have coverage protection for one year and a total salvage value of $20,000.

Pranksy NFTBoxes offer quick and easy protection

Signing up for the Coincover protection service is easy. NFTbox collectors must contact Coincover to activate their NFT Vault protection at no additional cost.

David Janczewski, co-founder and CEO of Coincover, said: “We are excited to partner with NFTboxes and Pranksy to launch the first product to offer protection for NFTs. Digital assets have grown in popularity, but as our research shows, there are still legitimate concerns about the security of these assets.As a result, we have expanded our crypto protection offerings to give artists, marketplaces and consumers the peace of mind and security to purchase NFTs and store them safely.

Who is Pranksy, the creator of NFTBoxes?

Pranksy is one of the most prominent members of the NFT community. He has one of the most prominent and sought after collections of NFTs. Significantly, he was an early adopter of NFTs and helped people learn about the technology.

Because of this and other factors, he is very influential in the NFT space. He is one of Fortune Magazine’s top 50 most influential people in NFTs.

Now, Pranksy and his NFTBoxes team are working with Coincover’s secure NFT vault technology while looking at ways to protect people’s NFTs.

Coincover research suggests that NFT security is a growing concern

NFT security is a huge concern for those involved in the NFT space and those looking to join.

As part of their research into NFT security and what people need, Coincover surveyed in March this year. A survey of 1,000 people in the UK and US asked about NFT traders’ main concerns.

The survey contains shocking results that show how widespread NFT security problems are.

• • Almost two-thirds (65%) are concerned about the rise of crypto fraud and want to protect themselves from buying fake NFTs and falling into fraud.
  • Almost three-quarters (70%) of all consumers would be more open to buying NFTs if there were better protections.
  • All NFT owners (100%) said they would consider buying another NFT if there was more protection against loss and theft.

The research and results show a huge demand for safer ways to protect NFTs. Significantly, NFT scams constantly in the news will discourage new people from entering the space. Hackers and scammers are always coming up with new ways to steal NFTs. Companies like Coincover work hard to protect users and make the space safer for everyone.

NFT fraud is on the rise

Even people who have been in the NFT space for a while can sometimes make mistakes regarding NFT security and fraud. In 2021, Pranksy paid over 300 thousand dollars for a fake Banksy NFT. Even if the scammer returned the money, it could have ended differently, and for many people it does.

Now, thanks to Coincover and Pranksy, NFTBoxes holders will have peace of mind about the security of their NFTs.