News JVTech The creator of the ipod goes to the crypto wallet with the new Ledger Stax
The pioneer of crypto wallets doesn’t appear to be suffering from the crypto winter. In fact, the Ledger company has just unveiled its brand new digital wallet: the Ledger Stax. Specially designed by the creator of the Ipod, the Touch wallet allows you to store your cryptos and NFTs in total security.
Ledger Stax, an iPod-like crypto wallet
The French start-up, which hasn’t launched a new crypto wallet since the Ledger Nano X in January 2019, has just returned to the top in the middle of the crypto winter. Whatever the context, Ledger intends to do well by offering a brand new crypto wallet alongside the Nano X and S.
To undertake the development of this project, the company turned to a product design great: Tony Fadell. He is best known for having created and defined the design of the iPod at Apple.
“I was hooked on the idea of reinventing a Ledger wallet. I couldn’t run away. I saw a great opportunity and great problems to be solved. And I love solving big problems. So I convinced myself. I had to accept this challenge. ” explains Tony Fadell, responsible for the project.
As part of its special Ledger Op3n conference, the brand unveiled this brand new iPod-like wallet at Gaîté Lyrique in Paris last Tuesday.
The new crypto wallet, dubbed Ledger Stax, shakes up current crypto storage standards. No more pen drive shaped designs, the new cold wallet brand offers a thin and sophisticated appearance with a curved touch screen. With support for over 500 crypto assets, Stax thinks outside the box by offering a more intuitive wallet for the general public than its predecessors.
Equipped with the E-Ink technology used on e-readers, the Stax allows you to manage your virtual currencies without visual fatigue and view your precious NFTs autonomously for several weeks. Once discharged, the Stax can be recharged via USB-C or wirelessly via induction.
Like the Nano X, the Stax supports Bluetooth to connect to the Ledger Live app on iOS and Android. However, the touch interface is much more intuitive and all of this comes at a price. The Ledger Stax can already be pre-ordered at a price of €279 (first deliveries are planned for March).
Perfect timing to launch a new cold wallet
In the midst of crypto winter with Bitcoin Split 3 since its peak at €54,000, the timing is paradoxically perfect for ledgers. The recent collapse of cryptocurrency exchange FTX has caused investors who had their coins stored on it to lose astronomical sums.
Therefore, in this worrying context, cryptocurrency holders are looking for solutions to secure their virtual assets. At the moment the Cold wallet seems to be the best choice to protect against the risk of hacking or the collapse of certain platforms.
As a result, as an industry pioneer, Ledger quadrupled its revenue in November, its best month since the company was founded. It is important to remember that Ledger has sold 6 million wallets that currently protect 20% of cryptocurrencies in the world market and 30% of all NFTs. In that sense, this part seems to be well protected since Ledger devices have never experienced a hack since their existence.