• AirMoney’s Degn Device provides a decentralized platform for staking, trading, and gaming.
• It offers top-tier security with Web3Auth’s MPC technology, which protects user assets.

At TOKEN2049 in Singapore, AirMoney presented its ground-breaking AirMoney Degn Device, a Web3 hardware solution designed exclusively for Decentralized Physical Infrastructure Networks (DePIN). Going beyond the conventional functionality of hardware wallets, this device enables users to interact with Web3 protocols while staking, trading, and gaming in a fully decentralized ecosystem.

Unlike standard wallets, the AirMoney Degn Device provides more than just storage. Users can operate nodes and earn tokens using Proof of Activity. Each device has a built-in node that, when active, connects to the network and allows users to earn tokens by interacting with a variety of decentralized applications (dApps). This changes the role of hardware wallets from simple storage devices to dynamic tools that provide consumers complete control over their cryptocurrency experience.

A New Level of Functionality for Web3 Users

Through collaborations with prominent blockchain and dApp providers, the AirMoney Degn Device provides easy access to decentralized services and applications. Users can trade on Bybit’s spot and perpetual futures platform, which includes a dedicated lever for altering leverage, or interact with AI-powered tools such as Synesis One’s data-labeling dApp, and Workspace. This integration provides access to a diverse set of cryptocurrency utilities, all via a decentralized app store.

Notable features include an OLED-powered UI that lets users to effortlessly make transactions and communicate with dApps, hence improving the whole cryptocurrency experience. Security is crucial, and AirMoney incorporates Web3Auth’s Multi-Party Computation (MPC) technology, which splits private keys across numerous places to prevent single points of failure.

The device comes pre-loaded with native coins, allowing users to dive into decentralized finance (DeFi) and increase their holdings. Most native tokens will be distributed through PoA, allowing users to benefit as the network grows.

Kryzstof Gagacki, CEO of AirMoney, emphasized the importance of this breakthrough. The AirMoney device moves crypto hardware beyond passive storage. Built for cryptocurrency, it enables decentralized trading, staking, and other features.

AirMoney highlights security with Web3Auth’s Multi-Party Computation (MPC) technology, which is trusted by millions around the world. By separating private keys into many portions via Shamir Secret Sharing, the device decreases the danger of compromise and ensures asset security.

The post AirMoney Announces Innovative DePIN Hardware With AirMoney Degn Device appeared first on Live Bitcoin News.