Crypto.com NFT updated features to provide top-class services

Cronos nft update 2 features

Takeaways:

– Crypto.com NFT enhanced NFT Security Measures

– Crypto.com NFT released Collection Activity Filter

About Crypto.com

Crypto.com is a Singapore-based cryptocurrency exchange. Their app currently recorded 10 million users and 4,000 staff members. In 2016, Rafael Melo, Gary Or, Kris Marszalek, and Bobby Bao found a company called “Monaco.” In 2018, they changed its name to Crypto.com after purchasing a domain held by professor and researcher in cryptography Matt Blaze. Domain sellers estimated the domain’s worth at $5 to $10 million. By placing bitcoin in every wallet, Crypto.com hopes to hasten the world’s shift to cryptocurrencies.

Crypto.com enhanced NFT Security Measures

Recently, new updates has arrived with crucial features for the Crypto.com NFT marketplace. The announcement has been released by the platform.

In details, Crypto.com NFT marketplace has launched new withdrawal measures to ensure better security for user accounts. According to Cryto.com, this improvement would improve the exchange’s customer protection and create a user-friendly, versatile package of services. The new security features outlined by Crypto.com include “required whitelist withdrawal,” “withdrawal address whitelisting,” and “24-hour withdrawal lock.” Users of Crypto.com can follow the instructions to set up three new security features and turn on the functionalities mentioned below. 

  • Withdrawal address whitelisting: Now, collectors can put withdrawal addresses to a whitelist. This increases convenience while lowering mistakes caused by copying and pasting addresses for each withdrawal.
  • 24-hour withdrawal lock: By turning this on, collectors can freeze withdrawals once they add a fresh whitelisted address or modify their email, passwords, or 2FA for a period of 24 hours.
  • Mandatory whitelist withdrawal: With this tool, collectors can make sure that withdrawals are only sent to addresses they have whitelisted.

Notice: To enable the 24-hour withdrawal lock and required whitelist withdrawal, 2-Factor Authentication (2FA) must first be activated.

In addition to email verification and your account password, two-factor authentication (2FA) adds another level of protection. When 2FA is activated, you will need to enter the 2FA code in order to complete several tasks on the Crypto.com NFT platform.

For two-factor authentication, Crypto.com NFT employs a Time-based One-time Password (TOTP), which creates a brief, one-time 6-digit code that is only valid for 30 seconds. To make changes to your assets or personal information on the site, you must input this code.

Crypto.com released Collection Activity Filter

Crypto.com declares itself to be an easy-to-use marketplace. They often listen to their users, collect feedbacks and fine tune the marketplace, turning it into a more intuitive version. Recently, after listening to their users, Crypto.com has added a new feature which makes sure to customize and meet the majority of its users. That new feature is “The Collection Activity Filter”. This feature to optimize the most accurate data for users’ trading process. Users may now filter NFT collections by sales, bid, and listing criteria.

For contrast, Seaport, a fresh NFT trading platform created by OpenSea itself, has merged with the biggest NFT market of today, OpenSea. Seaport should improve the NFT filter function for consumers and reduce transaction gas costs, according to OpenSea. This demonstrates that Crypto.com NFT made a wise decision in creating the best Collection Activity Filter from the start, laying the groundwork for further platform expansion.

Crypto.com ambition

Even though it has only been around for approximately a year, Crypto.com NFT has consistently raised the bar on its goods to keep up with major rivals like Binance and FTX.

The fastest-growing exchange, Crypto.com, is serious about expanding and placing bets on the NFT segment, especially in the competitive market, as seen by the ongoing execution of required modifications and additions. Notably, Crypto.com supported the claim that the exchange’s development was not greatly impacted by the company’s recent termination of the NFT Director.