Can You Store Nfts On Ledger

admin 09/12/2022 Cryptocurrency 0 Views

Ledger

Ledger Merely Launched a New Hardware Wallet for Your NFTs

The Alpha:

The digital assets security house Ledger appear the release of a new device called Ledger Stax, co-ordinate to a press release shared with nft now.
For the release, Ledger teamed up with Tony Fadell, the designer of the iPod. The device features a curved E Ink brandish which displays users’ artwork of selection fifty-fifty when the device is turned off.
The company plans to release Ledger Stax in Q1 2023, though it’due south available for pre-order at present on Ledger.com. Ledger will also make information technology available from retailers like BestBuy in the United States in the coming months.
Ledger Stax uses a USB-C connection to hook up to laptops and Bluetooth to connect to the Ledger Live Mobile app on smartphones. Ledger Connect, the company’southward upcoming crypto wallet extension, volition likewise enable information technology to connect to Web3 apps. Ledger Stax likewise supports wireless Qi charging.

Why information technology matters

Ledger is releasing its new wallet at a poignant time. In the wake of the FTX crypto scandal, both Web3 enthusiasts and skeptics are looking for ways to increase their security.

“With the Ledger Nano series, we created the virtually successful digital asset security hardware of all time—with more than v million sold and none always hacked,” said Pascal Gauthier, CEO and Chairman of Ledger in the press release shared with nft now. “Digital assets are increasingly about identity and digital buying, not only crypto like Bitcoin. The fourth dimension is at present for a device for more than mainstream users. At the same time, we must not compromise on security.”

The interface of the new wallet is far more than ergonomically friendly than previous Ledger wallet iterations, allowing users to manage their NFT collection and more than 500 coins via a touch interface.

Each Ledger Stax comes with an Infinity Pass, which provides users with a free NFT that comes with future utility. Additionally, a Ledger Stax NFT is available to mint on Ledger Market to unlock admission to exclusive NFT artwork from the visitor’s network of hand-picked artists. Ledger Market Genesis Pass holders retain special mint-priority for this artwork.

“Excavation into Ledger’s proven security technology and trying all the ‘all-time’ hardware wallets out in that location convinced me to build a next-gen device with Pascal, Ian and the amazing Ledger squad,” said Tony Fadell, designer of Ledger Stax and Principal at Build Commonage, in the press release. “We need a user-friendly…no! A ‘user-delightful’ tool, to bring digital nugget security to the residual of usa, not only the geeks.”

Several Ledger Stax devices in hand. Source: Ledger

Ledger Stax specs

Dimensions: 85mm × 54mm × 6mm (credit card length and width)
Security: Ledger EAL five+ certified secure element
Screen type: E Ink (up to 16 grays), customizable always-on lock screen, capacitive touch
Screen resolution: 672 × 400 pixels
Weight: 45g
Connectivity: USB C, Bluetooth 5.2
Magnet array for easy stacking
Qi wireless charging

The opposite side of the Ledger Stax device(s). Source: Ledger

What’s side by side

This is i of the commencement efforts by a leading hardware wallet provider to “Apple-fy” digital asset security. Given the success of companies like Apple that have put a premium on user interfaces over the years, the movement could start a trend that would arguably be a major help in onboarding people to Web3.

Ledger has already established itself as ane of the leading hardware wallet Web3 entities, and information technology’s clearly aiming to dominate the market, which is projected to reach $ane.72 billion in size by 2030. Security could end upwardly being the thin finish of the wedge when information technology comes to onboarding more people to Web3, as skeptics repeatedly call out the lack of protection against scams and crypto volatility every bit the primary concern in the infinite.

Appealing to a wider, not-Web3 native audience will be crucial to the development and proliferation of crypto and NFTs. Many acknowledge this won’t be accomplished until the convoluted technical barrier of wallets, passwords, seed phrases, and exchanges either dissolves or becomes frictionless. And, while the Web3 blockchain market size itself is expected to reach $33.53 billion by 2030, its growth will exist severely hampered if manufacture drivers can’t succeed in democratizing the applied science involved and flattening the infinite’s barriers to access.