Ledger to Beef Up Support for NFTs and DeFi

Ledger to Beef Up Support for NFTs and DeFi
Photo by Bob Bowie / Unsplash

Ledger, the best-in-class hardware wallet, has teased some new additions to its already impressive lineup. The most crucial of these is complete NFT integration. The team announced a lot of exciting announcements during the biannual Web3 development event, Ledger OP3N. To begin with, the "Ledger-Life" software is being transformed to be NFT compatible. As a result, users will be able to view, send, and receive NFTs straight within the app starting in early December. While Ethereum will receive initial support, a number of multi-chain solutions such as Polygon and Tezos will be available in early 2022. Recall that Ledger raised $380 million in a Series C investment led by digital asset fund 10T Holdings in June 2021.

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In addition, the Ledger ecosystem now includes support for two of the most popular Web3 NFT marketplaces. Both FTX and Rarible will have Ledger-Live integration in the coming months, allowing users to link their wallets directly through the app rather than third-party software. Not only that, but Ledger has also shown the "Ledger Nano S Plus," a beefed-up version of its existing flagship device with a larger, higher-quality screen and more flash memory. However, things start to get interesting under the hood, with a new set of plugins and apps supporting both DeFi and NFTs. Fans will have to wait until the beginning of 2022 for that one.

Furthermore, in its efforts to better the integration process, Coinbase, a cryptocurrency exchange, plans to incorporate Ledger hardware wallets, giving consumers more alternatives for crypto self-custody. In the first quarter of 2022, the integration will be rolled out in stages. The Coinbase Wallet browser extension will link to Ledger wallets as the first step in the relationship. The Coinbase mobile app will link to hardware wallets in the later stages of the integration.

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