A subject with an infinite number of answers - probably mostly good. I store my LPs in MoFi liners, in the jackets with a vinyl outer cover. Then they are on end in closed cabinets. Just enough per shelf to be sure none are slanted. The cabinets are in my stereo room away from heat sources. The temperature and humidity are typical of a house. I have many LPs a lot of which are originals from the 50's and 60s'. So I guess the way they are stored works as they all play fine.
This looks like an excellent way to store your records. I always keep mine away from heat sources too and most of my originals are almost in the same condition they were in 20 or 30 years ago.
You definitely have to find a safe way to keep anything audio anyway.