Thanks, I will add it to my backlog
Another hardware wallet for your backlog coming soon - RingWallet.
It should be open source and it can even store information from virtual debit cards for payments:
https://ringwallet.com/PS
I know this is not the first ring shaped hardware wallet, Satochip and Tangem worked on their version, so it's now race who can release working product with better price.
That was really fast. Thank you. I appreciate it. We'll be releasing and shipping the rings by end of this year. The software will eventually be made open source yes, we're just consulting with some lawyers for now to see if there's any way to protect the code against commercial use for a limited period of time; say 2 years, similar to how Uniswap v3 was released, in order to have time to work on future version before people just fork it and spin their own. Ideally we should ship the first batches of the product before end of Q3.
I kinda like the ring form factor and intended to buy one of such fancy stuff coming to market . Still many features of RingWallet remain unclear for me despite the fact that you published the relevant Brand Guidelines.
Will it be designed solely for bitcoin ? And regarding backup cards. Will they also have wallet's functionality or they are solely for backup?
Sure, those are very fair questions so let me try and answer them all. Some of it is still not out there because we only recently started publishing things about the company, so we will be slowly phasing out various updates and more information about the product over the next couple of months.
Intiially, the ring will support BTC, SOL, ETH and EVM-compatible blockchains. This means, upon release and delivery of presale orders. Unfortunately, it means we won't have things like Tron or Multivers upon release; however we will be adding all the relevant blockchains in a timely manner. In regards to EVM, we will probably include the large ones directly with the release like BSC, Polygon, Optimism etc. Some of the lesser-known ones we might phase out as well.
Regarding the backup (Ace Cards), their sole and exclusive functionality is to act as a backup. They have a different chip inside of them as compared to the wallet (ring) and they're not meant to be a wallet because we think that would defeat their purpose a bit. Ideally, these are things you set up and then store somewhere securely (i.e hide them somewhere) and never use them unless you need to restore your wallet. If you were asking this in the sense of whether we will also have a card-form hardware wallet like Tangem does, the honest answer is I don't know; it's quite honestly not a focus for us right now. First we want to launch and ship the rings along with the Ace Cards; those will also be the only 2 initial products we will have on our website.
After that, we already have a second product in the pipeline which with a bit of luck we should be able to release & start shipping before end of Q1 next year, but I can tell you it's not a card wallet. It's naturally still a wallet, and it is also a wearable, but we'll release more info about this only after we ship out the initial batch of rings.