Kampela Secures Investment on Polkadot Network as First Fully DAO-Funded Hardware Wallet

Thursday, 12 September 2024, 14:32

Kampela has successfully secured funding through the Polkadot network, marking its status as the first fully DAO-funded hardware wallet. This milestone highlights the effective governance of DAOs in supporting hardware innovation. Kampela's device offers NFC technology and is battery-free, setting a new standard in the blockchain hardware landscape.
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Kampela Secures Investment on Polkadot Network as First Fully DAO-Funded Hardware Wallet

Kampela Makes History as First Fully DAO-Funded Hardware Wallet

Kampela, an innovative hardware startup based in Kuopio, Finland, has successfully secured funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network. This marks a significant milestone as it becomes the first hardware project fully backed by a DAO in the Polkadot ecosystem.

This achievement showcases the potential for decentralized governance to foster tangible technological innovations and paves the way for more hardware developments in the blockchain space.

Key Highlights of Kampela's Innovative Hardware

  • Funding secured through Polkadot Referenda #62, #370, and #886, totaling approximately 253,000 DOTs.
  • Transparent, community-driven decision-making process.
  • Battery-free operation powered by NFC during active use.
  • Secure NFC-only connectivity, removing vulnerable USB interfaces.

The co-founder of Kampela, Kirill, noted that this funding has allowed for designs that are open and democratic, reinforcing the significance of DAOs in today’s blockchain economy.

With a focus on security, the Kampela hardware wallet features NFC technology that eliminates the need for traditional charging methods. This sets a new precedent for hardware innovation and development within the crypto ecosystem.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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