Custody NFT refers to a type of non-fungible token that is stored and managed by a third-party service or platform. This setup is designed to provide security and ease of access for users holding valuable NFTs. When holders use custody services, they delegate the responsibility of safeguarding their NFTs to specialized providers. This can protect against loss due to hacking or personal errors, such as forgetting private keys. Custody NFT solutions often come with added features like insurance or multi-signature accounts to enhance security further.For collectors and investors, custody NFTs can simplify management, especially when dealing with multiple assets across various platforms. However, using such services introduces trust issues, as users must rely on the chosen custodian to handle their valuable tokens responsibly. Overall, custody NFTs offer a way to balance ownership benefits with enhanced security and convenience.