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Blockchain Devices Market worth $2,459 million by 2026 – Exclusive Report by MarketsandMarkets™

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According to a research report “Blockchain Devices Market with COVID-19 Impact Analysis, by Type (Hardware Wallets, Blockchain Smartphones, Crypto ATMs, PoS Devices, Blockchain IoT Gateways), Connectivity, Application, End User, and Region – Global Forecast to 2026”, published by MarketsandMarkets™, the Blockchain Devices Market is projected to grow from USD 482 million in 2021 to USD 2,459  million by 2026; it is expected to grow at a CAGR of 38.5% during the forecast period. The Growing visibility of benefits of blockchain technology in financial sector is providing growth for blockchain devices. Moreover, rapid development of blockchain technology in retail & supply chain management applications; Growth in cryptocurrency market capitalization and initial coin offering (ICO); and decentralized structure and various other attributes associated with blockchain technology plays a key role in driving the growth of the blockchain devices market.

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Hardware wallets to hold the largest size of blockchain devices market during the forecast period

The hardware wallets segment is expected to dominate the blockchain devices market during the forecast period in terms of value as well as volume. This growth is attributed mainly due to the ability of hardware wallets to store the private keys of users without the risk of getting them exposed to malicious threats over the Internet. Hardware wallets are often referred to as cold storage because they are not connected to the Internet. When connected to a computer, a hardware wallet does not share the private keys with the computer or over the Internet. The only transaction that takes place between the hardware wallet and the computer is of an unsigned and signed contract. As a result, the private key remains secure in the hardware wallet. With the advent of cryptocurrencies, hardware wallets have become a critical requirement for crypto owners for safeguarding their private keys. Hence, security, ownership, and ease of use are expected to drive the market for hardware wallets from 2021 to 2026.

Market for wireless blockchain devices expected to grow at the highest rate during the forecast period

The wireless blockchain device segment is expected to grow at a higher CAGR during the forecast period. Wireless technologies, for instance, Bluetooth, NFC, and Wi-Fi are embedded in consumer electronic devices such as smartphones, laptops, and home appliances and are also used in payment machines, such as PoS devices and crypto ATMs. These technologies allow users to use portable blockchain devices such as hardware wallets, smart cards, and PoS devices to make a transaction by coordinating with other wireless devices. Hence, it is expected that hardware wallets would dominate the wireless blockchain devices market during the forecast period.

Browse in-depth TOC on “Blockchain Devices Market”

121 – Tables
71 – Figures
282 – Pages

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North America expected to dominate the blockchain devices market during the forecast period

North America is among the major contributors to the blockchain devices market, and the US accounted for the largest market share in 2020. The regional market growth is also driven by developments in blockchain devices, such as blockchain security and blockchain IoT gateways, by companies such as Genesis Coin (US), Bitaccess (Canada), Coinsource (US), PAYMYNT (US), Helium Systems (US), NXM Labs (US), Xage Security (US), GridPlus (US), NetObjex (US), and Coinkite (Canada). They provide blockchain devices and solutions to verticals such as BFSI, government, and retail & e-commerce, which held the largest shares of the global market in 2020. BFSI and government are among the fastest-growing verticals of the blockchain devices market, as the technology offers improved security and privacy and enables to perform fast transactions. For instance, in April 2021, Credit Suisse (Switzerland) collaborated with a Fintech startup Paxos (US) and, Nomura-owned broker-dealer company, Instinet (US), to execute the first blockchain-based settlement of the US equities.

The key players in the blockchain devices market are Ledger (France), SatoshiLabs (Czech Republic), SIRIN LABS (Switzerland), Pundi X (Singapore), Genesis Coin (US), GENERAL BYTES (Czech Republic), HTC (Taiwan), RIDDLE&CODE (Austria), ShapeShift (UK), Bitaccess (Canada), Coinsource (US), Samsung (South Korea), Infineon Technologies (Germany), Helium Systems (US), AVADO (Switzerland), Lamassu Industries (Switzerland), Tangem (Switzerland), SafePal (China), PAYMYNT (US), Modum (Switzerland), and NXM Labs (US).

Cyclebit (Sweden), SecuX Technology (Taiwan), IoTrust Company (South Korea), CoolBitX (Taiwan), COVAULT (US), ShiftCrypto (Switzerland), ELLIPAL (Honk Kong), Electroneum (UK), Bittium (Finland), Coinbase (US), Coinkite (Canada), Prokey (Malaysia), Walledo (Slovakia), Crypto.com (Hong Kong), and ElectroPay (China) are few startup and SMEs companies that cater the blockchain devices market.

Related Reports:

Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region – Global Forecast to 2025

Cryptocurrency Market with impact of COVID-19 by Offering (Hardware, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography – Global Forecast to 2026

Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Blockchain

Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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Blockchain

RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

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