Global hardware wallet firm Ledger has announced the launch of its NFT-enabled Ledger Nano S Plus hardware wallet. The new series is an upgrade to its existing Ledger Nano S series. With the new Nano S Plus, NFT collectors can not only hold but trade their assets securely and conveniently.

🔥 The Ledger Nano S Plus is now available! 🔥

It’s everything you love about the Nano S – and more:

💹 Manage 5500+ digital assets
🖼 Manage your #NFTs
📲 Bigger screen
🤳 Have up to 100 apps installed at once
🔐 Ledger’s top-level security

Get yours: https://t.co/WwKPvRlkpX pic.twitter.com/TkywAxxmYR

— Ledger (@Ledger) April 5, 2022

The Ledger Nano S Plus wallet is definitely great innovative progress in the NFT world. Its predecessor, the Nano S series, which was launched in 2016, has provided excellent security to crypto assets. Meanwhile, NFT and digital assets were not available during this time.

Ledger Nano S Plus

Worth over $20 Billion, NFTs have enjoyed a huge rise in growth, especially in 2021 and 2022. Additionally, its adoption never seems to go down with companies, firms, enthusiasts, and different industrial sectors developing ways to hop on the trend.

However, like every other innovative company, Ledger made moves for NFT integration to continue providing support for the web3 world. First positive plans surfaced in 2021 at the Ledger Op3n Conference in Paris.

To continue to serve the crypto and blockchain audience and its ever changing development, Ledger’s Nano S Plus provides support for NFTs in addition to DeFi. Considered an asteroid to its predecessor, the new series features better upgrades, a smoother user interface, and exclusive perks. For example, it has a larger screen, bigger memory allotment, and support for more blockchain assets.

Apart from this, the Ledger Nano S Plus can hold more than 5,500 digital assets and more than 100 apps. Meanwhile, users can access all its perks via the newly launched Ledger Live app, the wallets software companion. The Live app, like the wallets, has an improved and easy-to-use user interface. With the app, users can directly transfer, trade, stake, and manage all digital and non-digital assets at a go.

As a security-focused firm, Ledger Nano S Plus features all-new security updates as a means to challenge everyday security issues on NFT. It has a highly encrypted certified secure chip CC EAL5+.

The new Ledger Nano S Plus weighs only 21 grams. Compared to its predecessor with $59, the new device comes for only $79, a good cost for its new amazing features. Meanwhile, its hardware components also come with two USB cables (USB-C and USB-A). Also, there is a keychain for easy carriage, a user manual, and recovery sheets.

Importance of Hardware Wallets Like The Nano S Plus

In a decentralized open industry like crypto and NFT, security threat has been a huge concern for its participants. Despite the high encryption of blockchain technology, digital assets continue to suffer growing unprecedented cyber-attacks and hacks.

In fact, many people consider crypto and NFT as risky investments. While this may be true for reckless or uninformed investors, there are ways to totally steer clear of these attacks.

Typically, crypto wallets are available as hot or cold wallets. However, because hot wallets operate with a connection to the internet, they are severely prone to hacks. For instance, to log in to mobile or desktop wallets, users must connect to a local internet connection. From inputting private keys to trading, transferring, and exchanging crypto assets, hot wallets are always at the risk of hacks. Therefore, making them an unwise choice for long-term use.

On the other hand, cold wallets have championed as the best solution to cyber hacks. The first of their kind include the Ledger series from Ledger and also Trezor wallets. Since they store, transfer and even transact offline, they are less prone to attacks. Meanwhile, unlike hot wallets, which are custodial, cold wallets are non-custodial. Therefore, owners have full control over their wallets and the assets it holds. They are especially useful for long-term usage.

Thankfully, cold hardware wallets like Ledger have long protected several billions of assets from hacks and loss. The new update will provide security for NFTs while allowing users to trade and HODL their assets from its Live App. Meanwhile, the new development is coming days after Ledger partnered with Sandbox to provide gamified education on security in the metaverse.