1inch Network, a decentralized exchange (DEX) aggregator, is the latest cryptocurrency platform to enter the hardware wallet business. This development comes at a time when self-monitoring is becoming more popular.

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 presentation of the 1-inch hardware wallet took place on January 19. The 1-inch hardware wallet is “fully isolated,” which means it doesn’t have a direct connection to the Internet and doesn’t need any kind of wired connection in order to function properly. This was done in order to ensure the highest possible level of security. “All data is transferred via QR codes or alternatively via NFC,” 1inch claimed, noting that 1inch’s hardware wallet does not have any buttons. In addition, 1 inch pointed out that the 1 inch hardware wallet does not have a screen.

The upcoming hardware wallet is comparable in size to a standard bank card and has a 2.7-inch e-ink touchscreen with a grayscale gradient.

The waterproof cryptocurrency wallet has a surface made of scratch-proof Gorilla Glass 6 and a frame made of corrosion-resistant stainless steel.

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

One of the unique features of the 1-inch hardware wallet is that it mimics the look of Apple’s product line. This is one of the main advantages of the wallet.

The wallet is available in five colors including Hexagon, Graphite, Sierra Blue, Silver, and Alpine Green, which are the same colors offered for the iPhone 13 series.

1 Inch isn’t the only cryptocurrency company trying to market its hardware wallet in an effort to capitalize on Apple’s mainstream appeal.

French hardware wallet company Ledger announced a cooperation with Tony Fadell, the creator of the now-iconic iPod Classic model, the year before to produce its newest cryptocurrency wallet, known as the Ledger Stax.

A 1-inch spokeswoman said the company began development of the hardware wallet in early 2022 and anticipates the device to launch in Q4 2023.

In the not too distant future, the company also intends to continue development and improve the security of the system. “Next month, we will launch the partner program, so everyone has the opportunity to improve the device for themselves,” a 1inch representative said, adding that documentation and source codes will be available on GitHub. Furthermore, the representative mentioned that the partner program will allow users to improve the device themselves.

The 1-inch foray into the world of hardware wallets coincides with a growing trend of self-custody in response to widespread mistrust of centralized cryptocurrency exchanges (CEXs).