SafePal, a comprehensive noncustodial crypto wallet suite backed by industry leaders like Binance and Animoca Brands with over 10 million users, is unveiling a limited edition phygital wallet initiative with Klaytn Foundation, the nonprofit entity dedicated to driving global adoption of Klaytn, a global layer-1 blockchain platform.
The initiative comes strategically amid the resurgence of interest in combining physical experiences with digital collectibles and will be announced at the start of Korea Blockchain Week and unveiled physically during Klaytn Square Lounge (KSL), Klaytn’s 3-day event that starts on 4th September, located at the iconic SJ Kunsthalle in Gangnam, Seoul.
Exclusively produced in a collection of 300 co-branded S1 hardware wallets with corresponding uniquely numbered NFTs, the limited edition design represents the vibrance of the Klaytn ecosystem and reaffirms the mutual commitment with SafePal to enhancing crypto security and user experiences in Web3.
Veronica Wong, CEO and co-founder of SafePal, said: “Offering secure, accessible, and affordable noncustodial products and services has always been our top priority in serving as the backbone of Web3 adoption. We are thrilled to provide Klaytn users with a unique memory on-chain and utility in the physical world via the enhanced security of cold storage for assets.”
The limited edition wallets are priced identically to the standard S1 at $49.99 USD, with the added bonus of free standard global shipping. These wallets will be available via official SafePal distribution channels until all 300 are sold. Each wallet comes with a unique code for the owner to redeem and mint the accompanying NFT via the SafePal App on the Klaytn network.
Sam Seo, Representative Director of Klaytn Foundation, said: “We firmly believe that the on-chain and physical world will become increasingly intertwined. With multiple RWA projects launching on Klaytn, this limited edition phygital wallet functions as both a collectible that marks the beginning of this merging of worlds and a secure gateway to the Klaytn ecosystem.”
Users will be able to purchase the specially designed wallets with $KLAY (the native governance token fueling the Klaytn ecosystem), adding further utility to the digital asset as part of the partnership announced earlier in May between SafePal and Klaytn to globalize adoption of Web3 and DeFi.
As part of other efforts to support Web3 adoption, SafePal also recently added up-and-coming networks like Base, Mantle and Linea to the existing 100+ supported blockchains in its arsenal.
The blockchain-agnostic wallet suite also introduced the S1 Pro (the first addition to the flagship S1 wallet line since inception) not long ago and is also nearing completion for the open-sourcing of its solutions, which is targeted to be complete by the beginning of 2024.
About SafePal
Founded in 2018, SafePal is a comprehensive crypto wallet suite providing hardware wallet, mobile app and browser extension wallet solutions. As a noncustodial wallet suite, SafePal aims to allow users to own their crypto adventure, by empowering them to access opportunities securely in the decentralized world.
The SafePal platform is backed by industry leaders like Binance, Animoca Brands and SuperScrypt, serving over 10 million users globally and supporting 15 languages and 100+ blockchains with their tokens and NFTs. It also encompasses crypto asset management solutions like cross-chain swapping, trading and yielding tools for users.
SFP is a decentralized BEP-20 and ERC-20 utility token and the growth engine of the SafePal ecosystem, and can be used to purchase SafePal products at a discount, converted seamlessly to gas across chains in the app, in addition to rewarding tokenholders and education programs.
About Klaytn
Developed by leading Korean IT company Kakao, Klaytn is a global layer-1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency among leading blockchains, enterprise-grade reliability and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web3 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.
