Hardware cryptocurrency wallet developer Ledger has revealed that Tony Fadell, the creator of Apple’s iPod, is the mastermind behind its new hardware wallet Ledger Stax.
In Tuesday’s blog post, the company announced iPod and iPhone co-creator Tony Fadell is the inventor and mastermind behind their new hardware wallet LedgerStacks, designed by Layer Studio led by Benjamin Hubert.
“Ledger Stacks™ is our new, breakthrough consumer device. It is built on Ledger’s secure architecture and features a unique form factor designed for unprecedented accessibility and interactivity with the world of cryptocurrencies and NFTs,” said Ledger.
The new wallet is a credit-card-sized device that allows users to store and manage over 500 different cryptocurrencies as well as their NFT collections. The wallet also allows users to explore a growing range of Web3 apps through the Ledger Live app.
“Digging into Ledger’s proven security technology and trying out all the ‘best’ hardware wallets convinced me to build a next-gen device with Pascal, Ian, and the amazing Ledger team,” said Tony Fadell. “We need a user-friendly… No! A ‘user-delightful’ tool to bring digital asset protection to the rest of us, not just geeks.
Ledger plans to launch the Ledger Stax wallet in the first quarter of 2023. On the outside of the wallet is a wraparound e-ink display, which can be used to show transaction details and even NFTs.
The wallet will use a USB-C connection to connect to a laptop and Bluetooth to connect to the Ledger Live mobile app on a smartphone. Ledger Connect, the company’s upcoming crypto wallet extension, will also enable it to connect to Web3 apps. The Ledger Stacks will also support wireless Qi charging.
“With the Ledger Nano™ series, we created the most successful digital asset security hardware wallet ever – with over 5 million sold and never a single hack,” said Pascal Gauthier, CEO and President of Ledger. “Digital assets are increasingly about identity and digital ownership, not just cryptos like bitcoin.”
The new wallet comes as demand for Ledger’s hardware wallets, which keep cryptocurrency offline or in “cold” storage and are thus more secure, has seen a spurt following the collapse of FTX.
In fact, Ledger saw the highest demand for its hardware wallets in the first two days of the FTX collapse. Moreover, this past November turned out to be the company’s best month ever in sales. The company has sold more than five million hardware wallets in 200 countries since its inception in 2014.
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