Ryder Revolutionizes Web3 Custody with Industry's First TapSafe Recovery System

In a groundbreaking move set to redefine Web3 self-custody, Ryder has announced the launch of the Ryder One hardware wallet. This innovative device is a game-changer in the digital asset security realm, introducing the TapSafe recovery system. This unique feature marks the first time in the industry that the cumbersome seed phrase process has been eliminated, offering a more streamlined and user-friendly approach to digital asset security.

The unveiling of Ryder One aligns seamlessly with Ryder's recent completion of a successful $1.2M funding round. This round saw contributions from a slew of industry titans, including Oak Grove Ventures, Trust Machines Co-founder Muneeb Ali, and SBX Capital, to name a few. The significant investment underscores the industry's confidence in Ryder’s vision and its potential to revolutionize Web3 custody.

Louise Ivan, co-founder and CEO of Ryder, emphasizes the company's commitment to making self-custody not just a choice but a right for everyone. "At Ryder, we're redefining the interface between users and their digital assets, ensuring that top-notch security is a given, not a luxury," Ivan states.

Muneeb Ali of Trust Machines lauds the Ryder team's achievement, noting, "Ryder One is not just another hardware wallet. It's a leap forward in combining user experience with uncompromised security, setting a new benchmark in the hardware wallet space."

The hardware wallet market, projected to reach a staggering US$ 1,222.8 Million by 2028, reflects the growing public concern over online asset security. Despite the known benefits of hardware wallets, their adoption has been slowed by complex setup processes and operational intricacies. Ryder One is positioned to tackle these challenges head-on, simplifying the user experience without sacrificing security.

A cornerstone of Ryder One's innovation is its TapSafe Recovery feature. This technology drastically reduces the wallet setup time to under a minute, a significant improvement over the usual 10-30 minute setup time for traditional Web3 wallets. This efficiency is achieved by integrating a secure combination of hardware and a mobile application, underpinned by Ryder's implementation of the Shamir Secret Sharing Algorithm.

Ryder was also revealed to the Solana community during the Solana Breakpoint event on Oct. 30-Nov. 3, 2023 in Amsterdam.

Ryder has forged strategic partnerships with several key players in the blockchain and cryptocurrency space, including Alchemy Pay, Polygon Labs, Solana Foundation, and BNB Chain. These collaborations are set to expand the scope and functionality of Ryder One, making it a versatile tool in the realm of digital asset management.

As of Nov 17th, the Ryder One hardware wallet also achieved 100% sales goal on Kickstarter.

For the latest updates and events, Ryder encourages interested parties to visit their official website and social media accounts. Click here to visit Ryder.

Full Specification of the Ryder device

Design: 

• Materials: Aluminium body Polycarbonate Infinity Edge Tempered Glass
• Colour: Black
• Finishing: Matte PVD

Security: 

• Secure Element Chip: Infineon SLE78
• Chip Certification: EAL6+
• Operating System: RyderOS
• Secure LED system

Phone requirements:

• Any modern phone with NFC (Near Field Communication)
• Modern iPhones and Android phones will work
• Ryder Mobile App installed

Display:

• Screen type: AMOLED Touch Display
• Display size: 1.6 inch
• Resolution: 320x360 pixels
• Display colours: 301 PPI
• Accelerometer 3-axis for the raise-to-wake feature

Size & Weight: 

• Dimensions: 41 x 55 x 14.5mm
• Weight: 45g

Digital asset support:

• Supports 1,000+ digital currencies and collectibles

Connectivity:

• Near Field Communication (NFC)

In the box: 

• 1 x Ryder One
• 1 x Ryder Recovery Tag
• 1 x Ryder Wireless Charger
• 1 x Ryder Pouch

Power & Battery:

• Built-in 200mAh lithium-ion rechargeable battery.
• Qi wireless charging

About Ryder

Ryder is pioneering the TapSafe recovery system, a groundbreaking innovation that replaces the traditional seed-phrase process with a novel combination of hardware, mobile application, and social circle.

This initiative propels Ryder to the forefront of self-custody solutions, empowering startups to seamlessly integrate digital assets into everyday life. Backed by leading industry figures and after two years of development, Ryder is poised to make a significant impact in the digital asset custody space in Q4 2023.