In response to the growing popularity of self-custody, the decentralized exchange (DEX) Aggregator 1inch Network has become the latest cryptocurrency platform to enter the hardware wallet business.

The 1 Inch Hardware Wallet is a proprietary hardware wallet that was built by an independent team operating within the 1 Inch Network. The formal launch of the wallet took place on January 19. “Fully air-gapped” refers to the fact that the 1-inch hardware wallet does not have a direct connection to the Internet and does not need any kind of wired connection to ensure the highest possible level of protection. According to 1inch, “All data is shared via QR codes or alternatively via NFC.” The company also said that the 1-inch hardware wallet does not have any buttons.

A 2.7-inch grayscale e-ink touchscreen will be included in the upcoming hardware wallet, which has the dimensions of a standard bank card.

The frame of the hermetic cryptocurrency wallet is made of stainless steel, while its surface is made of scratch-resistant Gorilla Glass 6.

The device supports wireless charging, and the Li-Po battery is designed to provide power for approximately two weeks of operation.

The aesthetics of Apple’s product line is reflected in the 1-inch hardware wallet, which is one of the distinguishing features of the device.

The wallet is available in five shades that correspond to the iPhone 13 color line: Hexagon, Graphite, Sierra Blue, Silver, and Alpine Green.

There are other cryptocurrency companies besides 1 inch that are marketing their hardware wallets in an effort to capitalize on Apple’s mainstream appeal.

The French hardware wallet producer known as Ledger announced a cooperation with Tony Fadell, the creator of the now iconic iPod Classic format, the year before to build its newest cryptocurrency wallet known as Ledger Stax.

According to a 1-inch representative, the company began the development process for the hardware wallet in early 2022 and plans to launch the product in Q4 2023.

In the not too distant future, the company also intends to continue development and make security improvements. According to a 1inch spokeswoman, “next month we will introduce the contributor program, so everyone can improve the device for themselves,” adding that manuals and source codes will be available on GitHub.

The launch of the first 1-inch hardware wallet coincides with a growing trend of self-custody as mistrust of centralized cryptocurrency exchanges (CEXs) continues to spread.