Man behind the Apple iPod, Tony Hadell, launches new crypto wallet

    Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project - a hardware wallet used to store cryptocurrency offline.
    By: REUTERS
    | Updated on: Dec 07 2022, 16:53 IST
    Apple iPod is NO more! A flashback at this revolutionary gadget that changed the WORLD!
    Apple iPod
    1/7 Apple introduced the original iPod back in October 23, 2001. It was the first MP3 player in the world to let you load 1,000 songs. Additionally, the iPod could also offer a 10-hour battery life. All of that packed into a small pocket-sized device. (Apple)
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    2/7 Next came the Apple iPod mini, which was introduced on February 20, 2004. It packed all the iPod essentials into a smaller design that only weighed 3.6 ounces. It also retained the clickwheel and came in multiple colours. (Apple)
    image caption
    3/7 The iPod nano 2nd generation came on September 25, 2006. It offered a thin design, a new colour display, six stylish colour variants, and offered up to 24 hours of battery life. The iPod nano could store up to 2,000 songs. (Apple)
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    4/7 The iPod touch 1st Gen was introduced on September 5, 2007. Just like the first iPhone, it brought the Multi-Touch interface with a 3.5-inch widescreen display. It ran iOS and offered all multiple apps along with support for Wi-Fi networks. (Apple)
    image caption
    5/7 Apple also introduced the iPod nano 7th generation on September 12, 2012. It was the thinnest iPod at the time at just 5.4mm thickness. The iPod will feature a 2.5-inch Multi-Touch colour display and you could run some apps such as Videos, Music, Radio, Podcasts and Photos. (Apple)
    image caption
    6/7 The Apple iPod shuffle 4th generation was introduced on July 15, 2015. It offered a sleek design with up to 15 hours of battery life. It also offered 2GB of storage for hundreds of songs. The iPod also offered a VoiceOver button to hear the song title, playlist name, or battery status. (Apple )
    image caption
    7/7 The Apple iPod touch 7th generation was launched on May 28, 2019. It features the A10 Fusion chip. Apple also allowed users to open immersive augmented reality experiences and also allow Group FaceTime calls. The iPod also offered 256GB of storage. (Apple)
    Tony Fadell
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    Tony Hadell, the man responsible for the design of the iPod, has started his own cryptocurrency wallet. (Reuters)

    Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project - a hardware wallet used to store cryptocurrency offline.

    Fadell, 53, spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music player, and later helped create the company's best-known device, the iPhone.

    After quitting Apple in 2008, he launched Nest Labs, a smart home-devices company. Nest was later acquired by tech giant Google for $3.2 billion.

    Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet.

    Trading crypto requires the use of complex cryptographic keys, which are used to authorise transactions. These keys are typically stored online, for example with an online exchange, which can leave them more susceptible to hacking or theft.

    The recent collapse of crypto exchange FTX, which has seen more than $1 billion of customer funds vanish, prompted an unprecedented surge in demand for offline, or "self-custody", services such as Ledger.

    Previous models released by Ledger, such as the Nano S and Nano S, have been shaped like USB memory sticks. Fadell's new design, the Ledger Stax, is a credit-card sized device featuring a curved spine and electronic-ink display.

    "All of the secure hardware up to this point was like all the MP3 players before the iPod, and it was time for an iPod," Ian Rogers, chief experience officer at Ledger, told Reuters.

    Fadell had previously expressed scepticism of some elements of "Web 3.0," a catch-all term encompassing a host of next-generation decentralised technologies, including cryptocurrency and the metaverse.

    The Ledger Stax will sell for $279 online from early 2023.

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    First Published Date: 07 Dec, 16:52 IST
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