Ryder Announces New Hardware Wallet Replacing Seed Phrases & $1.2M Raise from Oak Grove Ventures, Trust Machines Muneeb Ali, SBX Capital & Others
Summary
The hardware wallet market is projected to reach a value of US$ 1,222.8 Million by 2028, driven by the increasing concerns about online asset security. This is achieved by abstracting the seed phrase into a secure combination of hardwares and a mobile application, with the option to involve the social circle, all facilitated by Ryders weighted implementation of the Shamir Secret Sharing Algorithm. • Alchemy Pay: serving as its strategic on-ramp and off-ramp partner • Polygon Labs: its collaboration will open up a world of possibilities for digital collectibles in real-world applications • Foundation: Ryder will merge the new era of self-custody with the dynamic capabilities of Pay • BNB Chain: Ryder will integrate BNB Chains Layer 2 opBNB to provide a more simple self-custody option to its 1.2million Ryder One hardware wallet will be available exclusively on Kickstarter and demo-ed to a global audience for the first time during Solana Breakpoint November 1 - 9:30 - 9:50AM, CET+2 in Amsterdam, Netherlands. Backed by industry giants like Oak Grove Ventures, Muneeb Ali of Trust Machines, DeSpread, and more. After 2 years of extensive development, Ryder is gearing for its Q42023 debut; its stellar team boasts alumni from Opensea, Stacks, Twitter/X, DGI, NASA, Aston Martin, and more, with a track record of over 10+ successful crowdfunding campaigns.