Digital Asset Security Firm NGRAVE Raises Over $430K, Claims It’s the “Most Successful” Hardware Wallet Pre-Sales Campaign Ever

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, has issued an update in which it noted that the project now has 1,225 backers who are based in 72 different countries. The crypto-asset firm has now raised €384,499 or over $430,000 and its rewards offering has ended.

Ruben Merre, the CEO at NGRAVE, confirmed in a Medium blog post:

“Our campaign has ended last Friday and… I can only say we have been incredibly overwhelmed in this past month, in a positive and record-breaking way. 1,225 backers from 72 countries, purchasing 1.317 ZEROs (tokens) for a total of $431,772.”

Merre claims:

“With that, we are the most successful hardware wallet crowdfunding / pre-sales campaign EVER, vastly outperforming about 15 other hardware wallet projects of which a few are now known brands. We want to express our enormous gratitude to everyone behind the NGRAVE project, and to our legendary ‘batch ZERO’ backers.”

Merre noted that the company is currently reviewing different color samples for its digital asset hardware wallets, and will be making NGRAVE ZEROs (the hardware wallets) in their respective color.

Merre also mentioned that the survey to let users choose their color will be released after the company has shown the different color samples to customers. (More details about the wallets may be accessed here).

NGRAVE reported last month that it had been working in close collaboration with various research and development (R&D) firms and innovation hubs for nanotechnology.

A company announcement had stated:

“NGRAVE is launching [what it claims is a] radically more secure and intuitive end-to-end solution so you can manage your cryptocurrency wallet with real peace of mind. It never needs to connect over USB, Bluetooth, NFC, Wifi, 4G or any other network connection.”

In June 2020, NGRAVE announced the launch of GRAPHENE, an encrypted and recoverable key backup for cryptocurrency hardware wallets.

The company had confirmed last month that it was conducting a crowdfunding campaign which had raised over $196,000 from 600 backers (now it’s over $430,000 and the campaign has ended).

As explained in a release shared with CI:

“The NGRAVE GRAPHENE [aims to] replace outdated paper wallets and protects users’ private keys from being lost or stolen.”

The NGRAVE GRAPHENE may be purchased along with NGRAVE ZERO, a digital asset hardware wallet.

The NGRAVE GRAPHENE is a cryptographic “puzzle” that consists of two “durable” and “high-quality” stainless-steel plates. It’s “fully resistant to electric shock, rain, fire, heat of up to 1660 degrees Celsius (3020 degrees Fahrenheit), and other corrosive damage.”

Each plate may be used to store the cryptocurrency owner’s private keys with values on the plate being arranged in a different sequence or manner for all users.

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