Education

Verifying Ownership of NFTs

January 4, 2023

Verifying NFT ownership on various platforms, including social media platforms such as Instagram, Twitter, and Discord is rapidly gaining popularity. Provable ownership of digital assets is one of the core use cases for NFTs.

The process of verifying your NFTs is similar across most platforms. You’ll be prompted to connect your wallet, and sign a signature which proves that you are the owner of that wallet. From there, the application will scan your wallet’s holdings for specific NFTs.

It’s important to understand how token approvals and wallet signatures work. Check out this article to learn more: https://consensys.net/blog/metamask/the-seal-of-approval-know-what-youre-consenting-to-with-permissions-and-approvals-in-metamask/

One example of proving ownership of an NFT is within a Discord server. Members of the Pudgy Penguins Discord can use a bot called CollabLand to verify their Pudgy NFTs. What CollabLand does is simple: it reads your wallet’s holdings and grants you Discord roles accordingly.

When connecting to various applications, including CollabLand, it’s important to remember these basic safety rules:

  1. Make sure you're on the real, official website. Don't trust links you find on social media or that someone sends you privately. Instead, go to the official website yourself.
  2. Make sure you understand what you’re signing. For connections such as Discord verification, the bot only needs to be able to read your wallet; it will not prompt token approval contracts but rather a gasless signature.
  3. When interacting with third-party applications, the main risks are approving token approvals unnecessarily and when the website you're on is a fake to begin with. 

The more you dabble in crypto and NFTs, the more you’ll learn and understand how much there is to it.

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