Quick take:
- SecuX features viewing and signing functions.
- The hardware wallet saves private keys offline.
- It also allows NFT images to be downloaded, viewed and confirmed on the device before authorizing transactions.
Crypto and blockchain security device startup SecuX has introduced SecuX Nifty, the world’s first hardware wallet designed for NFT collectors. SecuX Nifty will make its debut today at Bitcoin Miami 2022 and on Paris NFT Day on Apr 12.
SecuX has released cryptocurrency hardware wallets, but its Nifty wallet only secures NFTs. The wallet is military-grade Infineon Solid Flash CC EAL 5+ Secure Element chip where the private key is stored offline to prevent hacking threats.
Featuring a 2.8-inch touchscreen, SecuX Nifty allows viewing and display of NFT images owned by the private key stored in the wallet. It also allows NFT images to be downloaded, viewed and confirmed on the device before authorizing transactions.
The hardware wallet comes with the SecuX Nifty app which offers personalised viewing options, cryptocurrency and tokens management and quick access to NFT marketplaces and DeFi applications such as Opensea, Rarible, Pancakeswap for easy buying and trading.
The personalised gallery allows users to customise viewing options and show off their NFTs on the device. It supports NFT and cryptocurrency on multiple chains such as Ethereum, Polygon, Binance Smart Chain and more to come in the future.
With NFT marketplaces and hot wallets facing hacks and bug exploits due to system vulnerabilities, and collectors falling victim to phishing scams, SecuX said that it was motivated to continue developing and providing self-custodial and decentralized solutions for users to keep their digital assets safe.
Coincidentally, French hardware wallet company Ledger launched its new Ledger Nano S Plus on Apr 5, which offers NFT support.
Unlike SecuX Nifty, Ledger Nano S Plus users are unable to view and authorise NFT transactions right on the device, but they can view their NFTs in the Ledger Live app and make transactions through “clear signing” technology.
According to Ledger chief experience office Ian Rogers, clear signing technology provides every detail of a transaction to remove the risk of “blind signing” which consents to a potentially risky transaction.
The Ledger Nano S Plus is an upgrade of the Nano S launched in 2016. This comes after Ledger launched 10,000 units of the limited edition Ledger Nano S Plus Genesis Edition in March and partnered with The Sandbox to promote crypto education and security last week.
Will SecuX will prove a worthy competitor to Ledger? Only time will tell.
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