The BAYC Recommended That Apes Set Up A "Warm" Wallet Before Next Week's Mint
As the entire Yugaverse waits for the Bored Ape Yacht Club’s next announcement on the Trial of Jimmy the Monkey and its coming mint, the club took to Twitter and told the community to set up a “warm” wallet in preparation for next week’s mint.
“Heads up, Apes: you'll be able to use a warm wallet through http://warm.xyz or http://delegate.cash for next week's mint. We recommend setting up the wallet ahead of time. As always, be on guard for scams around an upcoming mint.”
“Warm lets you use your hot wallet as if it owned the assets in your cold wallet,” Warm.Xyz wrote on its website. “That’s comfortably interact with web3 apps without the fear of exposing your valuable assets. Simply connect with the wallet you want to be your cold wallet and link your hot wallet.Securely.”
Like Warm.Xyz, Delegate Cash is a “decentralized registry to protect your assets,” according to the company’s website. “Keep your vaulted NFTs safe. Claim airdrops, prove ownership, and more from your hot wallet,” the company wrote.
Following the BAYC’s post, club co-Founder Garga took to Twitter and explained how using a warm wallet is important for crypto security.
“A hardware wallet is incredibly important, Garga said. “But the next step is delegating your cold wallet to a proxy so you can reduce the frequency of hooking up valuable cold wallets to websites.”
The Bored Ape Gazette will continue to follow the Trial of Jimmy the Monkey and will keep you posted on the club’s upcoming mint. Stay tuned for updates!