According to a news release sent to nft today, the digital assets security business Ledger has announced the availability of a new gadget called Ledger Stax.
The release was a collaboration between Ledger and iPod co-creator Tony Fadell. It has a curved E Ink display that can be used to show showcase a user’s favorite artwork even when the gadget is inactive.
Ledger Stax is now available for pre-order on Ledger.com, with an expected delivery date of the first quarter of 2023. In the coming months, BestBuy and other US shops will carry Ledger products.
Ledger Stax connects to computers via USB-C and to mobile devices running the Ledger Live Mobile software via Bluetooth. The company’s next crypto wallet extension, Ledger Connect, will allow for integration with Web3 applications. Similarly, wireless Qi charging is supported by Ledger Stax.
For this reason, the timing of Ledger’s new wallet release is significant. The FTX crypto incident has left both Web3 supporters and detractors seeking for methods to beef up their security.
Ledger CEO and Chairman Pascal Gauthier told nft now in a news release that the company’s Nano devices “had never been compromised,” despite selling over 5 million units. “It’s not only cryptocurrencies like Bitcoin that are considered digital assets; identification and digital ownership are becoming more important as well. A gadget aimed at the general public is needed today. Conversely, we must not skimp on safety.
It’s THE LEDGER STAX. FINDINGS: LEDGER
Unlike other versions of the Ledger wallet, the new wallet’s UI is touch-based, enabling users to easily manage their NFT holdings and more than 500 currencies.
An Infinity Pass, included with every Ledger Stax, gives its holders access to a free NFT with potential long-term value. You may also mint a Ledger Stax NFT on Ledger Market to get entry to a collection of unique works of art created by artists who have been carefully selected by the firm. The mint-priority status of this piece of art is maintained for Ledger Market Genesis Pass subscribers.
In a news statement, Tony Fadell, Principal at Construct Collective and designer of the Ledger Stax, stated, “Digging into Ledger’s proven security technology and testing all the ‘best’ hardware wallets out there persuaded me to build a next-gen device alongside Pascal, Ian and the fantastic Ledger team.” “We need a user-friendly…no! A “user-delightful” solution that makes protecting digital assets accessible to everyone, not just computer scientists.
Multiple LEDGER STAX devices in one’s possession. Specifications of the LEDGER Ledger Stax blockchain ledger
85mm x 54mm x 6mm in size (credit card length and width)
Security: EAL 5+ validated secure element for the Ledger
E-Ink (with support for up to 16 grayscales), a movable always-on lock screen, and capacitive touch.
Pixel dimensions of the display are 672 by 400.
Net wt. : 45 g
Magnet array for simple stacking Qi wireless charging USB Type-C and Bluetooth 5.2 connectivity
CONTRARY TO WHAT THE LEDGER TAX INSTRUMENT APPEARS TO (S). FINDINGS: LEDGER
When do we go on to what
As far as we know, this is one of the first attempts to “Apple-fy” digital asset security by a major hardware wallet supplier. The move might signal the beginning of a new trend that, given the success of firms like Apple that have placed a priority on user interfaces over the years, could be very helpful in introducing people to Web3.
Ledger is already a frontrunner in the Web3 hardware wallet industry, and it has bold plans to rule a market that is expected to be worth $1.72 billion by 2030. As naysayers highlight the lack of protection against scams and crypto volatility as the key worry in the field, security may turn out to be the thin end of the wedge when it comes to bringing more people onto Web3.
It will be vital for the growth and spread of crypto and NFTs to appeal to a larger, non-Web3 native audience. To many, this is an impossible goal until the complex technological barrier of wallets, passwords, seed phrases, and exchanges is eliminated or greatly simplified. The Web3 blockchain market is predicted to be worth $33.53 billion by 2030, however this growth will be significantly stunted if industry drivers are unable to succeed in democratizing the technologies involved and flattening the space’s barriers to entry.
