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<\/p>\nCryptocurrencies are digital-only assets that investors can delegate custody to a third party, such as an exchange, store in hot wallets, or rely on their own hardware wallets. Security concerns with online solutions and third-party risks (not your keys, not your coins) have increased the need for crypto investors to find offline, easy-to-use solutions to securely manage their crypto assets. This demand, along with a growing awareness of self-custody, is driving the expansion of the hardware wallet market, which is expected to reach 3.6 billion by 2031.<\/p>\n
However, hardware wallet manufacturers need to overcome several challenges to compete effectively with software-based Web3 wallets. Unlike their software counterparts, hardware wallets require an upfront purchase and can be complex to use, especially for beginners. Additionally, like any physical wallet, hardware wallets are vulnerable to real-world security risks such as theft or structural damage \u2014 just like any physical wallet.<\/p>\n
However, a well-designed hardware wallet can improve security without compromising accessibility. This is where NGRAVE, a digital asset security provider, steps in. The team believes that achieving air-gapped protection for cryptocurrency storage necessitates 100% offline usability, which hardware wallets and anti-tampering measures can provide. This means not having any connectivity like Bluetooth, NFC, WiFi or even USB to completely eliminate any hack or malware attempts.<\/p>\n
NGRAVE applied this approach to its flagship product, the NGRAVE ZERO hardware wallet. As a fully offline wallet, ZERO only communicates with the outside world through verifiable QR codes. The device has a 4\u201d touchscreen to help users create keys, manage wallets and sign transactions directly through ZERO\u2019s swipe-and-tap user-friendly interface.<\/p>\n
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NGRAVE ZERO features its own interface for simple management of crypto assets. Source: NGRAVE<\/em><\/p>\n The anti-tampering protection protects the hardware wallet against physical damage and attacks, while the EAL7 certificate \u2014 one of the highest security levels in the blockchain and finance industry \u2014 ensures the keys stored on ZERO are safe against digital attacks.<\/p>\n The NGRAVE team is on a mission to help people \u201csafeguard their wealth, so they are free to live the life they want.\u201d Their security-first approach led to an end-to-end solution that combines security with ease of use. NGRAVE is currently raising a Series A round of funding.<\/p>\n