Recent history has shown that storing crypto on an exchange can be risky. Proof of reserve is one way exchanges can bolster their customers' confidence but it's only the beginning.

Those handling high-value assets or regularly conducting large transactions as an individual or as a group should consider using multisig wallets. Requiring more than one signature to approve transactions helps protect and manage assets more easily.

Whether you're about to dive into the world of crypto or you already own some cryptocurrency and NFTs, you should know that the burden of safeguarding those assets falls on you. Understand the different types of wallets so you can decide which ones to use in various scenarios.

If you're interested in contributing to a Web3 project, it's essential to understand DAOs. Decentralized Autonomous Organizations (DAOs) enable Web3 communities to work on projects with distributed ownership and participation through the use of smart contracts.