Decentralized exchange (DEX) aggregator 1inch Network is the latest cryptocurrency platform to move into the hardware wallet market amidst the rise of self-custody.

On Jan. 19, 1inch officially presented the 1inch Hardware Wallet, an exclusive hardware wallet established by an independent team working within the 1inch Network.

In order to offer optimal security, the 1inch Hardware Wallet is “completely air-gapped,” indicating that it has no direct connection to the web and does not need any wired connection.

“All data is exchanged utilizing QR codes or, additionally, with NFC,” 1inch said, noting that the 1inch Hardware Wallet likewise does not have any buttons.The upcoming

hardware wallet can be found in the size of a bank card, including a 2.7-inch E-Ink grayscale touch display. The water resistant crypto wallet is equipped with a damage-resistant Gorilla Glass 6 surface and stainless-steel frame. The device supports wireless charging, with the Li-Po battery developed to last for approximately two weeks of use.One of the specific functions of the 1inch Hardware Wallet is that it reproduces the style of the Apple line of product. The wallet is available in 5 colors, including hex, graphite, sierra blue, silver and alpine green, matching the iPhone 13 lineup.

“There will be 2 limited editions in pink and gold with some design modifications and corresponding NFTs,” a spokesperson for 1inch told Pandoraland.

1inch launches proprietary hardware wallet as self-custody trend grows
The 1inch Hardware Wallet’s predicted designs at launch. Source: 1inch Network

1inch is not the only crypto firm promoting its hardware wallet in an effort to benefit from Apple’s popularity. In 2015, French hardware wallet company Ledger revealed a collaboration with Tony Fadell, the creator of the renowned iPod Classic design, to establish its latest crypto wallet, Ledger Stax.Related: How do cryptohardware wallet firms make money?According to a representative at 1inch, the firm started the advancement

of the hardware wallet in early 2022 and anticipates to introduce the item in Q4 2023. The firm likewise plans to proceed with development and security improvements in the near future.”Next month, we will be releasing the contributor program, so everybody will have a chance to improve the gadget really by themselves, “a 1inch representative stated, adding that paperwork and source codes will be readily available on GitHub.1 inch’s entry into the hardware wallet industry comes amidst the increase of self-custody amidst the mistrust of central crypto exchanges(CEX ). Significant hardware wallet companies like Ledger and Trezor tape-recorded a considerable rise in traffic and sales as crypto financiers were activated to unload their holdings from CEXs amid the FTX collapse in November 2022.