NFT security and safety practices in Web3 can be intimidating.  And if you happen to become a target of an exploit, it can be overwhelming to determine next steps.  In this episode, Brian discusses best practices in mitigating risks in Web3, and reviews the #1 security vulnerability. He also reviews what steps you can take every day to safely participate in the NFT space, and red flags you may come across.  He reviews types of wallet compromise, safe NFT storage, social engineering, and how to avoid scams.  Without inducing fear, Brian arms us with simple best practices, and reminds us to be kind to ourselves and one another when experiencing a security breach. Ledger Affiliate code: https://shop.ledger.com/?r=b7659d8d9848   YouTube Videos from the NFT365 Podcast on Web3 Security:  How to Research NFT Founders to Prevent hacks: https://www.youtube.com/watch?v=TNJ5MFbva0Q&t=1s 9 ETH worth of NFTs Were Stolen From My MetaMask Wallet While on Opensea But I Wasn't Hacked  https://www.youtube.com/watch?v=GXWvYC52mfw&t=1s 30 Days Since My Crypto Wallet was Compromised: https://youtu.be/lHBQZ-0e4Ag   Featured NFT from the #MINT365 Collection: NFT Venues Twitter: @NftVenues https://nftvenues.io/   TIME STAMPS 1:00: Review of the featured NFT of the #mint365 collection 2:45: Exploit of premint.xyz  3:45: Behavior around spread of information and doing your own research 5:00: The #1 security vulnerability 6:35: Hard wallet vs cold wallet 7:45: Elaborate schemes exist because there’s so much money at play 8:00: Exploit of AXIE Infinity 9:10: Everyone can be a target, not just the uneducated or those with very few NFTs 10:50: Linked accounts and password use 11:20: How do we eliminate or mitigate a single point of failure? 12:10: Assumptions about safety 12:50: Seed phrase review 13:50: Hacking vs social engineering 15:00: Basic computer vulnerabilities 16:45: You don’t need to be tech savvy to protect yourself in this space 18:50: Digital wallets vs accounts 20:40: Ways you can inadvertently give access (token approval, seed phrase, or transactions) 21:20: Revoking permissions 22:30: Social engineering exploits 24:30: Minting safety practices 26:20: Wallet organization for good safety practices 29:00: What you do if your wallet is exploited depends on if it is a token access or transaction approval you’ve granted 31:00: The amount of crypto in your wallet can affect it’s safety 41:05: Not everyone giving security advice is doing it with pure intentions 44:00: The psychological aspect of being exploited   Discover the latest Web3 strategies to improve your business at the upcoming Crypto Business Conference in San Diego, October 9th-11th 2022  https://www.socialmediaexaminer.com/nft365 ______________________________________________________________ Learn more about the NFT365 Podcast ?  https://www.nft365podcast.com/ NFT365 newsletter ?https://www.nft365podcast.com/email/  TEXT to receive SMS announcements (NA only)  ? +1 (703) 686-8551 Telegram announcement group (Int’l)  ? https://t.me/+cjBcLbt_UtA2Nzlh Connect with the NFT365 community ? http://Discord.gg/ADHDcoin ______________________________________________________________ Twitter @nft365podcast FB groups/nft365 IG nft365podcast Tiktok @nft.365  ______________________________________________________________ Connect with NFT365 Podcast Host Brian Fanzo ?https://linktr.ee/isocialfanz NFT365 is SuperPOWERED by the $ADHD coin  ? http://adhdcoin.com/ As always: DO YOUR OWN DAMN RESEARCH