The Good Tech Companies - DAO-Funded Hardware Wallet Kampela Secures Polkadot Network Investment

Episode Date: September 12, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/dao-funded-hardware-wallet-kampela-secures-polkadot-network-investment. Kampela, an innovative hardware startup, has successfully secured funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network, marking Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #kampela, #chainwire, #press-release, #kampela-announcement, #dao, #decentralized-internet, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Kampela is the first hardware project to be fully backed by a DAO in the Polkadot ecosystem. The device is powered by NFC and features an e-ink display. The project was funded by the U.S. Department of Justice and the Finnish government.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. DAO-funded hardware wallet Kompaila secures Polkadot network investment by Chainwire. Kuopio, Finland, September 12, 2024. Chainwire, Kompaila, an innovative hardware startup, has successfully secured funding through a decentralized autonomous organization, DAO, on the Polkadot network, marking a significant milestone as the first hardware project to be fully backed by a DAO in the Polkadot ecosystem. This achievement demonstrates the power of decentralized governance in supporting tangible technological innovations

and opens new possibilities for hardware development in the blockchain space. Compila's device leverages NFC technology and operates without the need for wired charging or a battery, showcasing a novel approach to secure, user-centric hardware wallets. The company's innovative strategy consolidates both the design and production processes within a single integrated platform, enabling the delivery of highly differentiated solutions to the market. Key highlights funding secured through Polkadot Referenda No. 62, No. 370, and No. 886, totaling approximately 253,000 DOTs, around $1 million USD at current DOT price. Transparent, community-driven decision-making process. Establishes a new

model for supporting hardware innovation in the blockchain industry. Battery-free operation powered exclusively by NFC during active use. Secure NFC-only connectivity, eliminating vulnerable USB interfaces. Greater than Kirill, ex-CISO of Parity and Compila's co-founder, stated, Not only is Compila one of the very few fully open hardware wallets on the markets, you greater than can get everything, up to the precise machining instructions for the casing, greater than from our GitHub. But the project is also a brilliant example of the power of greater than DAOs in the new, blockchain-enabled economy. The project was funded via the greater than Polkadot treasury, one of the biggest DAOs in the world right now. And it is greater than

thanks to this funding that our designs are so incompromisingly open, free, greater than undemocratic. The successful funding of Compayla through a DAO on the Polkadot network showcases how community-driven funding can fuel advancements in secure, user-centric devices. This achievement is expected to attract attention from blockchain enthusiasts, hardware innovators, investors interested in decentralized funding models, and Polkadot community members and stakeholders. Compila's hardware design features several enhanced security measures, including battery-free operation and secure NFC-only connectivity. The device remains completely powered down when not in use,

deterring physical access or tampering, and its NFC-only communication provides an additional security layer compared to traditional USB interfaces. With six hardware revisions conducted and 54 components in its design, Kampala presents a significant leap forward in blockchain hardware innovation. As the first fully DAO-funded hardware project in the Polkadot ecosystem, Compayla sets a new precedent for how hardware startups can leverage decentralized funding and governance to bring cutting-edge products to market. For more information about Compayla and its innovative hardware wallet, readers can visit https://www.camp.la/.

or https://x.com/.comp slash compila underscore signer dot about compila compila a finnish startup is revolutionizing secure transaction management with its innovative nfc powered hardware device operating without bluetooth usb or batteries it features an e-ink display and open source designored for blockchain applications and backed by the Web3 Foundation and Polkadot Treasury, Compayla offers a sustainable, secure solution for digital interactions in decentralized systems. Media contact. Victoria CMO, Telegram. Advocrapic. Contact CMO Victoria Compayla vv.repich at gmail.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging

program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.