FAQ

About Genefty

At Genefty, we take pride in our experienced and dedicated team, fully committed to delivering exceptional services. Our efficient project management processes guarantee reliable and efficient results. We provide a comprehensive and personalized service crafted to meet your specific requirements

Yes, we exclusively partner with projects whose founders are willing to disclose their identities. This commitment to transparency ensures trust and credibility.

Genefty maintains a robust moderation system and follows best practices to ensure the security of your community and data, fostering a safe and trustworthy environment.

About NFTs

An NFT is a one-of-a-kind digital token that represents a unique digital asset, such as images, videos, tweets, or music, with security and transparency through blockchain technology.

To buy an NFT, you’ll need an NFT-compatible wallet like MetaMask or Coinbase Wallet. You can browse NFT marketplaces like OpenSea or Rarible and use cryptocurrencies, like Ethereum, for transactions.

Just like any investment, NFTs come with risks. Market value fluctuations can lead to potential losses. Additionally, since NFTs operate on blockchains, there are inherent blockchain-related risks like hacking or blockchain failures.

Owning an NFT signifies that you have a unique and verifiable digital asset. It proves ownership and authenticity of digital content like art, music, or collectibles, often in a decentralized and transparent manner on the blockchain.

Blockchain and Wallets

Blockchain is a secure digital ledger technology that transparently records transactions. It comprises data blocks linked cryptographically, forming an immutable chain of information.

A wallet, whether software or hardware-based, serves as a tool to store, manage, and use cryptocurrencies like Bitcoin. It safeguards your digital assets via private keys.

Blockchain offers transparency, security, and immutability for data transactions. It eliminates the need for intermediaries, reduces fraud, and enables trustless, decentralized systems.

Cryptocurrencies like Bitcoin and Ethereum have their own independent blockchains. Tokens, are typically built on existing blockchain platforms (like Ethereum) and can represent various assets or rights.

Security Measures

2FA is a security measure that requires two distinct forms of identification for account access. Typically, this involves a password and an additional element, such as a code sent to your phone.

Secure your wallet by using strong, unique passwords, enabling two-factor authentication (2FA), and keeping your private keys offline in a hardware wallet for added security.

Losing access to your wallet or forgetting your password can result in permanent loss of access to your funds. Always keep backup copies of your wallet’s recovery seed phrase in a safe location.