AirMoney Launches First DePIN Hardware Device at TOKEN2049 in Singapore

On September 12, 2024, during TOKEN2049 in Singapore, AirMoney introduced the AirMoney Degn Device, a groundbreaking web3 hardware solution tailored for DePIN (Decentralized Physical Infrastructure Network). This innovative device transcends the capabilities of traditional hardware wallets by enabling users to engage with web3 protocols securely. Unlike conventional wallets that primarily focus on asset storage, the AirMoney device allows users to run nodes, earn tokens through Proof of Activity, and participate in trading, staking, and gaming activities within a decentralized ecosystem. The AirMoney Degn Device is designed to enhance user interaction with decentralized applications and services, providing seamless access directly from the device. This advancement signifies a shift towards a more interactive and user-friendly crypto experience, empowering individuals to maintain full custody of their assets in a secure hardware environment. The device's partnership with leading blockchains and dApp providers further enriches its functionality. Security is a paramount feature of the AirMoney device, utilizing Web3Auth’s MPC Technology to protect user assets. By employing Shamir Secret Sharing, the device fragments the private key across multiple locations, mitigating risks associated with single points of failure. This innovative approach marks a significant evolution in hardware wallets, moving beyond mere storage to a comprehensive tool for engaging with DeFi and web3. AirMoney aims to democratize access to cryptocurrency, with a substantial portion of its native token supply allocated to users through Proof of Activity. This strategy ensures that participants in the network can share in its success, ultimately redefining the way individuals interact with crypto technology.