Ledger and iPhone Co-Creator Tony Fadell Bring A Crypto Storage Device
- Ledger has partnered with co-creator of the iPod and iPhone, Tony Fadell, to release a new crypto wallet for storing around 500 digital assets.
- Ledger Stax’s shipping will begin in first quarter of 2023 and will be retailing at $279. The pre-orders were available starting Tuesday.
- The device lools like a small smartphone or credit card reader and measures 85 millimeters long and 54 millimeters wide and weighs 45 grams.
- The display also has a spine that curves around the edge “so you can see what’s on each one, just like an old CD or cassette tape or book.”
Prominent cold storage wallet provider Ledger, which is behind the Ledger Nano S and Nano X, has announced its partnership with the co-creator of the iPod and iPhone, Tony Fadell. The result of the deal between the two is the new Ledger Stax wallet, a “breakthrough consumer device” that is built on Ledger’s “secure architecture.”
In a blog post published on Dec. 6, the crypto wallet firm confirmed that the Ledger Stax wallet “introduces a unique form designed for unprecedented accessibility and interactivity with the world of cryptocurrencies and NFTs.” It has been designed and created by Fadell, who joined Apple Inc. in 2001 and oversaw all iPod hardware, software, and accessories development.
“Ledger Stax makes your crypto journey infinitely more intuitive. It is a credit-card-sized device enabling you to manage over 500 digital assets, your NFT collections and to explore an ever-growing range of Web3 apps through the Ledger Live app, connecting it to your smartphone via Bluetooth,” said the blog post.
The new product was debuted at the company’s annual Ledger Op3n event Tuesday and comes at a time when crypto investors are gradually losing faith in blockchain tech and crypto wallets due to a huge number of attacks implemented in October, making 2022 the worst year for blockchain and decentralized finance space.
Ledger Stax looks like a small smartphone or credit card reader and measures 85 millimeters long and 54 millimeters wide. The size of the device can be compared to that of a credit card and its weight is about 45 grams, which is much lesser than an iPhone. Interestingly, a wide range of cryptocurrencies and digital assets can be deposited in the Ledger Stax wallet, including bitcoin (BTC), ether (ETH), cardano (ADA), solana (SOL), and nonfungible tokens, or NFTs.
“Many Ledger owners have multiple devices, some store their NFTs, some store different crypto, some have multiple because they have different clients that they store for,” Fadell told CNBC.
Additionally, the hardware wallet firm confirmed that one charge, the device can last for weeks and in many cases, months as well due to its new E Ink display. Furthermore, the E Ink is always visible allowing the favorite NFTs of the owners to be visible on the Ledger Stax screen, even when it is off.
As per Fadell, the display also has a spine that curves around the edge “so you can see what’s on each one, just like an old CD or cassette tape or book.”
“This reminds me a lot of the iPod,” he said.
The shipping will begin in first quarter of 2023 and will be retailing at $279. The pre-orders were available starting Tuesday.