Multi-Party Computation requires multiple parties to approve your transactions without exposing private keys. It's much safe than a multi-sig and will help prevent hackers from stealing your NFTs.
Keep track of all of your NFTs in one place. Companies and teams can also manage user roles and control access to individual wallets.
Whitelist contract addresses as an added security layer to prevent your NFTs from being transferred to wallets you don't want them to be.
Krayon brings you an institutional grade custody solution which uses multi-party computation (MPC) to prevent hackers stealing your NFTs. MPC works by sharding your private keys and distributing the shards across multiple devices. You can decide how many approvals are required to transfer your NFTs and add additional security measures like whitelisting contract addresses.
MPC wallets are superior to multi-signature wallets in a number of ways. We've covered the key differences here.
We only provide the platform for you create wallets and secure your private keys. At the end of the day your assets are held on chain and Krayon does not pool your assets in any centrally controlled wallets.
Krayon offers the best solution for digital asset custody. So if you're thinking about using an MPC wallet to keep your crypto collectibles safe, but not sure how it compares to other wallets - check out this post on MPC vs. Multi-sig. Or if you want to learn more about Multi-Party Computation you can check out this page on What Is MPC.
