Ledger Nano S Plus a Hardware Wallet for NFTs
Ledger’s NFT integration plans first surfaced at the Op3n conference in Paris at the end of 2021. The latest Ledger hardware wallet for NFTs is a Ledger Nano S boosted to the limit. Among the new features of the Ledger Nano S Plus are a larger display, increased memory, and support for more assets, including NFTs. After these upgrades, the device can now operate in the Defi and NFT space.
With the Ledger Nano S Plus, you can safely store your cryptocurrency in an offline wallet, even the non-fungible ones. An upgrade to the brand’s crypto wallet for beginners has been long overdue, and it’s finally here for those looking to take control of their digital assets for the first time.
This new Ledger Nano S Plus has a lot to live up to. Since its launch in 2016, it has been one of the most popular hardware wallets, reportedly selling over 4.5 million devices. Many of today’s best-known cryptocurrencies didn’t exist when the Nano S first came to market, and few people were interested in NFTs.
Nano S Plus appears to have caught up with the times with its new design. Since the mainstreaming of crypto, new wallets have been introduced for all levels of users, from complete beginners to institutional investors.
More than 100 apps can be stored in the device’s memory, holding up to 5,500 digital assets. The new Ledger Live app provides access to all of these services. This is a user-friendly platform for buying, selling, swapping, staking, and managing digital assets for those just getting started. As a result of this integration, users get the best of both worlds: a hardware wallet and a cryptocurrency exchange.
What is a Hardware Wallet for NFTs?
When using a hardware wallet, you must verify transactions with a physical device. So hackers will have a much more difficult time stealing your NFTs, and you will no longer be an easy target or even be on their radar anymore.
Ledger was one of the first hardware cryptocurrency wallet providers in 2014 as it has since grown to be one of the world’s leading creators. The company has generated over 4.5 million dollars in revenue by selling over 4.5 million wallets. So far, the company has halted the production of the first three models.
According to Ledger’s Chief Experience Officer Ian Rogers, the new Ledger Nano S Plus is the company’s sixth hardware wallet since the HW1 was introduced in 2015. Additionally, this is Ledger’s first hardware wallet since the launch of Ledger Nano X in 2019.
Web3 customers can expect a more secure browsing experience with the Nano S Plus and Ledger Live’s precise signing technology.
The hardware wallet resembles a high-end USB thumb drive with a polished metal wing covering it. The matte and rounded shell provides just enough room for a 128×64-pixel monochrome touch screen.
Why Choose a Hardware Wallet?
In terms of cryptocurrency wallets, there are two types: hot wallets and cold wallets. The term “hot wallet” refers to a cryptocurrency wallet that is always online and linked to the blockchain. Users can access their wallets at any time using their private keys. Customers of crypto exchanges, for example, can trade their assets at any time using custodial hot wallet services provided by the exchange. However, since they are always online, hackers and thieves are always possible.
On the other hand, cold wallets store digital assets in a non-interactive setting. Additionally, all transactions are carried out and confirmed offline, ensuring that the assets are never exposed to the internet. This means that owners have complete control over their assets and their cold wallet. For large investors or institutional funds, this is particularly helpful.
As a result of the industry’s close association with crypto and NFT scams, new users face an intimidating entry barrier, and long-time users face an early exit. They’re still seen by many as risky investments or complicated assets. Even though scams and hacks abound, we can take steps to keep ourselves safe from them.