Why did this happen? □ 1️⃣ Crypto Policies in India ✅ In 2021 foreign exchanges held around 50% of the volumes in India. MODI IS WATCHING!)Īnd we really wanna see it succeed when it comes to any sorta global competition.īut when it comes to crypto exchanges, Indian exchanges are losing out to global ones.Ī recent report by a think tank called Esya (they are an organization that gets paid to think, yup!) said in 2022 Indian exchanges lost $3.8 billion in trading volume to foreign exchanges. We all love India, right? ( the answer better not be a no. But it’s gotta have a balance between interoperability (with DApps and blockchains) and security.Ĭan hardware wallets have such a balance? □ So, yeah hardware wallets will be a big thing in 2022. (what did you think we were gonna say?!? □) We like our wallets like we like our…tacos. Pretty cool if it actually evolves into an app-like interface with cross-chain bridging with other blockchains. They wanna get enterprises in the first layer (not retail broke bois like me □) and then get those enterprises to get retail customers in the second layer! MSafe raised $5 million and here’s the interesting part. One such example is MSafe from Aptos, the blockchain created by Mo Shaikh, the dude with some MAD hair genetics. With the □ growth of Gnosis Safe, other blockchains are launching their own multi-sig wallets. ![]() Multi-sigs or multi-signature wallets are like the new trendy Instagram dance. □□ □ □□Ĭypherock a hardware startup raised $1 million in a seed round to develop its hardware wallet which uses NFC cards + PIN numbers to secure the crypto + sign transactions. Unlike most USB wallets, this one uses QR codes to communicate and even has a color display.Įven homegrown companies are getting in on the act. Wallet maker Foundation raised $7 million for its Bitcoin hardware wallet - Passport, which honestly looks like the old Nokia 3310. In the past 3 weeks, 3 storage solution providers raised BIG money from VCs. in your 10th standard physics textbooks (because who tf will check that?!)Īnd how do we know that Hardware Wallets will be YUGE in 2023? Hardware wallets are the SAFEST storage solution, after hiding your Bitcoin Inc. ![]()
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