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First DAO-Funded Hardware Wallet on Polkadot

March 4, 2025
in Web3
Reading Time: 2 mins read
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Kuopio, Finland, September twelfth, 2024, Chainwire

Kampela, an modern {hardware} startup, has efficiently secured funding via a Decentralized Autonomous Group (DAO) on the Polkadot community. This marks a major milestone as the primary {hardware} undertaking to be totally backed by a DAO within the Polkadot ecosystem. This achievement demonstrates the facility of decentralized governance in supporting tangible technological improvements and opens new potentialities for {hardware} improvement within the blockchain house.

Kampela’s machine leverages NFC expertise and operates with out wired charging or a battery, showcasing a novel strategy to safe, user-centric {hardware} wallets. The corporate’s modern technique consolidates the design and manufacturing processes inside a single built-in platform, enabling the supply of extremely differentiated options to the market.

Key Highlights

– Funding secured via Polkadot Referenda #62, #370, and #886, totaling roughly 253,000 DOTs (round USD 1 million at present DOT worth)

– Clear, community-driven decision-making course of

– Establishes a brand new mannequin for supporting {hardware} innovation within the blockchain business

– Battery-free operation powered completely by NFC throughout lively use

– Safe NFC-only connectivity, eliminating weak USB interfaces

Kirill, ex-CISO of Parity and Kampela’s Co-Founder acknowledged, “Not solely is Kampela one of many only a few totally open {hardware} wallets on the markets (you will get every part, as much as the exact machining directions for the casing, from our GitHub), however the undertaking can be a superb instance of the facility of DAOs within the new, blockchain-enabled financial system: the undertaking was funded through the Polkadot Treasury (one of many greatest DAOs on the planet proper now), and it’s due to this funding that our designs are so uncompromisingly open, free, and democratic.”

The profitable funding of Kampela via a DAO on the Polkadot community showcases how community-driven funding can gasoline developments in safe, user-centric units. This achievement will entice consideration from blockchain lovers, {hardware} innovators, traders desirous about decentralized funding fashions, and Polkadot neighborhood members and stakeholders.

Kampela’s {hardware} design options a number of enhanced safety measures, together with battery-free operation and safe NFC-only connectivity. The machine stays wholly powered down when not in use, deterring bodily entry or tampering, and its NFC-only communication offers an extra safety layer in comparison with conventional USB interfaces.

With six {hardware} revisions performed and 54 elements in its design, Kampela represents a major leap ahead in blockchain {hardware} innovation. As the primary totally DAO-funded {hardware} undertaking within the Polkadot ecosystem, Kampela units a brand new precedent for {hardware} startups leveraging decentralized funding and governance to carry cutting-edge merchandise to market.

For extra details about Kampela and its modern {hardware} pockets, readers can go to the web site or X.

About Kampela

Kampela, a Finnish startup, is revolutionizing safe transaction administration with its modern NFC-powered {hardware} machine. Working with out Bluetooth, USB, or batteries, it options an e-ink show and open-source design. Tailor-made for blockchain functions and backed by the Web3 Basis and Polkadot Treasury, Kampela provides a sustainable, safe resolution for digital interactions in decentralized programs.

CMO

Viktoria

Kampela

vv.repich@gmail.com

[Telegram: @vikrpc]

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Tags: DAOFundedhardwarepolkadotWallet
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