NiftyNoon: Ledger Stax Innovates Hardware Wallets and E-Commerce

The new Ledger Stax redefines hardware wallets and introduces an innovative e-commerce concept through their mint purchase system (December 7, 2022)

Nifty Thought

• Ledger’s new Stax product is a dramatic departure from its previous consumer hardware wallets. Rather than navigate a cramped user interface with two plastic buttons on a minuscule screen, the Stax has a curved e-ink touchscreen that covers most of the device. With Tony Fadell (the “father of the iPod) as the designer, it is no surprise that the product’s industrial design is as elegant as it is beautiful. For core functionality however, the Stax is not much of an improvement over the last flagship (Ledger Nano X).

• Some extra Stax-exclusive features, such as the ability to display NFTs on the lock screen, may actually be detrimental. At the end of the day, hardware wallets must first be secure. Displaying NFTs within the wallet being protected by the Stax compromises the holder’s operational security. This is particularly important for those who may use a passphrase on their ledger to keep a hidden wallet that holds their truly valuable crypto assets. If a user were to display an NFT from that wallet on the device, they would diminish the usefulness of their passphrase as a brute force hacker could now more easily identify the fake wallet. Furthermore, the device’s large form factor makes it inherently less portable which could become a problem with Ledger’s push to integrate their Ledger Connect app directly into the iPhone’s native Safari browser.

• Ledger’s decision to mint an NFT that can be redeemed into a physical Ledger Stax is also very interesting. This opens up them to liquidity people may generate from trading crypto and NFTs which likely drives up sales. Curiously, this mint does not charge any sales tax whereas direct purchases definitely do. A future NiftyNoon post will dive further into the implications of sales tax and NFTs.

Project News

• Ledger announces Ledger Stax, its new hardware wallet with an e-ink display, and begins pre-orders along with the mint of an NFT that can be redeemed for a Stax:

  Ledger @Ledger

  In Ledger Stax we trust. Built on trust. Made for all. Held in your hand. This changes everything. Pre-order here: bit.ly/3P3dSaI

  Ledger @Ledger

  Mint the Ledger Stax NFT Bundle to preorder a Ledger Stax and a free Magnet Shell, and unlock an exclusive access to the Art on Ledger Stax Generative Collection. [ L ] Market Genesis Pass holders get special mint-priority until Dec 13! Mint now at: bit.ly/3F02Rm1

• Tim Ferriss shares teaser for COCKPUNCH content in preparation for the highly anticipated COCKPUNCH NFT mint:

  CØCKPUNCH ™ @cockpunch

  Good morning, lads and lasses! Here is your 50-seconds of WTF to kick off a lovely day: youtube.com/watch?v=_VgPur… (includes some subtle animation)

  

  youtube.comThe Legend of COCKPUNCH™: TrailerSubscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/c%C3%B8ckpunch/id1657210471Subscribe on Spotify: https://open.spotify.com/show/0O9MhcUVpWS...

• RTFKT addresses concerns over Cryptokicks iRL drop with MNLTH X airdrop and tradeable Cryptokicks iRL tokens for non-US residents:

  RTFKT @RTFKT

  We know that the MNLTH2/Cryptokicks iRL (CiRL) drop wasn’t up to our standards, so we worked on how we can do things better now, after listening to your feedback. 👇🏻

  RTFKT @RTFKT

  First, the new MNLTH - MNLTH X - will be airdropped this week. We know that the MNLTH reveal experience was lacking - we will rectify this ASAP with the airdrop and make MNLTH X worthy of the MNLTH Experience you all expect and deserve. 🗿

  RTFKT @RTFKT

  How it works is this: - At the Forging Event, Lace Engine holders have the option to mint a “Hubbed Cryptokicks iRL” if you don’t have a US address.  - Select your desired sneaker size and will receive a Hubbed NFT.  - You will see “Hubbed” on the NFT metadata.

• Chiru Labs, the creators of Azuki, recap their contributions to the web3 and NFT space:

  Azuki @AzukiOfficial

  Tech resources from @ChiruLabs: 1. ERC721A was deployed in January this year. It has become a go-to contract for any NFT project that seeks to save gas, with over 2K Github stars and adoption from major projects in the space (@moonbirds, @doodles, @RTFKT, and many more).

  

Community News

• Art Gobbler sold for 70 ETH after Keungz made a mistaken bid due to confusion with Blur.io’s new bid interface:

  Sen @sen_eth

  It seems people haven't really figured out the @blur_io bidding system, quite a few people already destroyed. Keungz.eth just bought an art gobbler (floor 3.99) for 70eth on a mistaken bid.

  

• Bored Ape Yacht Club community recaps the amount of apecoin staked since Horizen Labs shipped their staking product:

  withoutname @withoutnameNFT

  It's almost 24 hours after launching $APE staking by @apecoin & @HorizenLabs. Let's check first-day interest: 1⃣ APE p: 1,916,663 $ape staked 2⃣ BAYC p: 3,271,067 3⃣ MAYC p: 1,074,876 4⃣ BACK p: 253,781 Altogether it's 6,5m $APE, in value of $26,6m. ℹ️ 1,8% of unlocked supply

  

Quick Stats:

• OpenSea ETH Daily Volume: 3,233 ETH (▼ 53.06%)

• Blur ETH Daily Volume: 1,716 ETH (▼ 64.46%)

• BTC: $16,841.23 (▼ 1.01%)

• ETH: $1,233.13 (▼ 1.75%)

• Solana: $13.69 (▼ 2.22%)

• Polygon: $0.89 (▼ 2.62%)

NFT Daily Winners:

• Azuki: 11.50 ETH (▲ 4.04%)

• Moonbirds: 8.65 ETH (▲ 2.26%)

• DigiDaigaku: 9.6429 ETH (▲ 1.61%)

• Mutant Ape Yacht Club: 14.00 ETH (▲ 1.45%)

• Doodles: 6.88 ETH (▲ 0.63%)

• VeeFriends: 4.70 ETH (► 0.00%)

• Proof Collective: 31.00 ETH (► 0.00%)

NFT Daily Losers:

• CryptoPunks: 63.95 ETH (▼ 1.46%)

• Chromie Squiggles: 13.09 ETH (▼ 2.31%)

• Clone X: 6.20 ETH (▼ 2.97%)

• Bored Ape Yacht Club: 65.35 ETH (▼ 3.19%)

Notes:

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