1inch launches proprietary hardware wallet as self-custody trend grows

Decentralized speech (DEX) aggregator 1inch Network is the latest cryptocurrency level to determination into the hardware wallet manufacture amid the emergence of self-custody.

On Jan. 19, 1inch officially introduced the 1inch Hardware Wallet, a proprietary hardware wallet developed by an autarkic squad moving wrong the 1inch Network. 

In bid to supply maximum security, the 1inch Hardware Wallet is “fully air-gapped,” meaning that it has nary nonstop transportation to the net and does not necessitate immoderate wired connection.

“All information is exchanged utilizing QR codes or, optionally, with NFC,” 1inch said, noting that the 1inch Hardware Wallet besides doesn’t person immoderate buttons.

The upcoming hardware wallet comes successful the size of a slope card, featuring a 2.7-inch E-Ink grayscale interaction display. The waterproof crypto wallet is equipped with a damage-resistant Gorilla Glass 6 aboveground and stainless-steel frame. The instrumentality supports wireless charging, with the Li-Po artillery designed to past for astir 2 weeks of use.

One of the circumstantial features of the 1inch Hardware Wallet is that it replicates the plan of the Apple merchandise line. The wallet comes successful 5 colors, including hex, graphite, sierra blue, metallic and alpine green, matching the iPhone 13 lineup.

“There volition beryllium 2 constricted editions successful pinkish and golden with immoderate plan changes and corresponding NFTs,” a spokesperson for 1inch told Cointelegraph.

The 1inch Hardware Wallet’s projected designs astatine launch. Source: 1inch Network

1inch is not the lone crypto steadfast promoting its hardware wallet successful an effort to payment from Apple’s popularity. Last year, French hardware wallet supplier Ledger announced a collaboration with Tony Fadell, the inventor of the iconic iPod Classic model, to make its latest crypto wallet, Ledger Stax.

Related: How bash crypto hardware wallet firms marque money?

1inch did not disclose erstwhile precisely the steadfast plans to commencement selling the 1inch Hardware Wallet, arsenic it plans to proceed with improvement and information enhancements successful the adjacent future.

“Next month, we volition beryllium launching the contributor program, truthful everyone volition person an accidental to amended the instrumentality genuinely connected their own,” a 1inch typical said, adding that documentation and root codes volition beryllium disposable connected GitHub.

1inch’s introduction into the hardware wallet manufacture comes amid the emergence of self-custody amid the distrust of centralized crypto exchanges (CEX). Major hardware wallet providers similar Ledger and Trezor recorded a important surge successful postulation and sales arsenic crypto investors were triggered to offload their holdings from CEXs amid the FTX illness successful November 2022.