Backed by Jay-Z, Web3 Hardware Startup Spatial Labs Raises $10 Million
Web3 startup Spatial Labs has raised $10 million in its seed funding round.
![image decrypt](https://image.coinlive.com/24x24/cryptotwits-static/772a1493bb5295bf96d1be66f567c448.jpeg)
Web3 startup Spatial Labs has raised $10 million in its seed funding round.
The Ledger Stax is a sleek device that features an e-ink display that can show transaction details and even NFTs on its exterior.
The exchange said it will share its proof-of-funds in the coming weeks.
Wallet manufacturers debated the best ways to store bitcoin private keys safely at the BalticHoneybadger conference in Riga.
Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027.
Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges.
The safety of the recovery phrase is way more important than keeping the hardware wallet safe, according to executives at Ledger and Trezor.
Hardware wallet-based staking offers more security and freedom than staking via software wallets and crypto exchanges, according to the head of Ledger Enterprise.
Its "Genesis Edition" will be limited to 10,000 devices and available for pre-order, the company said.
The new Ledger Nano S Plus is the sixth hardware wallet produced by Ledger since the firm introduced its first wallet HW1 back in 2015.