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DEx aggregator 1inch is working on its own hardware wallet

The trend for self-custody continues. The popular Decentralized Exchange (DEx) aggregator 1inch Network announced its own 1inch Hardware Wallet. Built to be “fully air-gapped” and functioning without any wire connection, this wallet is supposed to bring maximum security to the user. According to 1inch, “All data is exchanged using QR codes, or optionally, with NFC.” The wallet will be the size of a credit card, and features a 2.7 inch E-ink touch display.

No launch date has been announced yet. But it is said to be in the latest stages of development.

Self-custody wallets have been in high demand since the collapse of FTX, and hardware wallet manufacturers such as Ledger or Trust Wallet have had record sales in the past two months. As we reported on Dec. 7, Ledger partnered with the iPod creator Tony Fadell, to create a new product called Stax, with design features similar to Apple products. Binance Labs, the investment branch of Binance, announced an investment into NGRAVE in November.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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