Intchains Group Limited’s Goldshell launches its first ever crypto wallet today: GS Wallet brings users next-gen security and premium user experience

Rhea-AI Summary

Intchains Group (Nasdaq: ICG) has launched its first crypto wallet, the GS Wallet, under its Goldshell brand on February 28, 2025. The wallet features a 3.5-inch true-color touchscreen and fully air-gapped design, completing transactions in 30 seconds.

Key features include:

• Data self-destruct mechanisms for enhanced security
• 9-hour battery life
• Support for over 1,000 crypto assets
• Three-chip security system with dual recovery seed phrases
• Fingerprint unlock in 0.5 seconds
• Zinc alloy body with 1m drop protection

The GS Wallet employs air-gapped technology for secure QR code payments without internet connectivity, eliminating network-related risks. It includes a companion mobile app for real-time account monitoring and is available through Goldshell's official website.

Positive

• Launch of first crypto wallet product, expanding business into WEB3 applications
• Advanced security features with three-chip system and air-gapped design
• Support for over 1,000 crypto assets
• Integration with existing Goldshell Pay payment gateway platform

Negative

• Late entry into competitive crypto wallet market
• Dependency on crypto market cycles for product success

Insights

Financial Analyst

Intchains Group's entry into the crypto wallet market represents a strategic diversification beyond their core mining products business. Following their Goldshell Pay payment gateway launched in Q3 2024, this new hardware wallet indicates a calculated expansion across the crypto value chain, potentially creating multiple revenue streams to navigate volatile crypto cycles.

The timing is notable as hardware wallets typically see increased demand during periods of heightened security concerns in the crypto market. By emphasizing security features like the air-gapped design and three-chip security system, ICG is positioning the GS Wallet in the premium segment of the market, which typically commands higher margins than basic crypto storage solutions.

For a company with a modest $235 million market cap, successfully entering the crypto wallet space could meaningfully impact their financial performance. The hardware wallet market has been dominated by a handful of players, and ICG's manufacturing expertise could provide cost advantages if they achieve scale. Investors should watch for adoption metrics in upcoming quarters to gauge if this product line will become a material revenue contributor beyond their mining equipment business.

Tech Expert

The GS Wallet enters a competitive hardware wallet market with several technical differentiators worth noting. The 3.5-inch true-color touchscreen is larger than many competitors, improving usability for the growing demographic of non-technical crypto users. Completing transactions in 30 seconds addresses a common friction point in the user experience of hardware wallets.

The three-chip security architecture ICG implemented represents an interesting advancement over standard approaches. By segregating fingerprint data from the two recovery seed phrases, they've created additional security layers while maintaining recovery options. The air-gapped approach remains the gold standard for hardware wallets, but the data self-destruct mechanism adds a layer of physical security not commonly found in consumer devices.

Supporting over 1,000 crypto assets positions the GS Wallet competitively against established players. This launch suggests ICG is building an ecosystem approach by connecting their mining products, payment gateway, and now secure storage solutions. The companion mobile app for real-time monitoring aligns with industry trends toward hybrid security models that combine cold storage with convenient monitoring. The 9-hour battery life is practical for a device that doesn't require constant connection.

NEW YORK , Feb. 28, 2025 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG), a leading innovator in integrated solutions consisting of efficient mining products for altcoins, is proud to announce its launch of the GS Wallet under its Goldshell brand on 28 February 2025.

The GS Wallet is ICG’s first crypto wallet, featuring a 3.5-inch true-color touchscreen, a fully air-gapped design, and the ability to complete transactions in just 30 seconds. It includes data self-destruct mechanisms for enhanced security, a battery life of up to 9 hours, and supports over 1,000 crypto assets, including coins and tokens. With a premium, intuitive design, the GS Wallet offers next-generation protection against online hacks and scams

Mr Ding Qiang, CEO of ICG, said: “The GS Wallet marks a significant milestone in ICG’s efforts in WEB3 application development and in building our capabilities in navigating across crypto cycles. We had launched Goldshell Pay, a payment gateway platform in Q3 2024. This launch of our GS Wallet stands to become a bedrock of crypto for our users, enabling them to safely store their crypto and further empower their crypto efforts with confidence.”

Product Innovation and Key Advantages

The GS Wallet employs security measures to safeguard users' digital assets while featuring premium design built for user convenience. It promises to ensure both a safe and smooth crypto journey for its users.

Safety measures of GS Wallet:

• Air-gapped: GS Wallet’s fully air-gapped design enables secure payments via QR codes without the need of the internet and eliminates any network connectivity such as WiFi, Bluetooth or USB. This isolation significantly reduces the risk of user information being leaked during back-end processes of physical crypto wallet payments.
• Fail-safe measures: In the event of potential tampering with the physical GS Wallet, its internal structure is built with a data self-destruct mechanism. When it detects light exposure, it automatically erases all data from the physical wallet to safeguard user information. With independent storage for fingerprints and two-recovery seed phrases, users can still easily recover funds if the device is lost through the open-source software.
• Three-chip security system: The GS Wallet is equipped with three security chips for storing user data, making it stand out from the industry standard. Two chips hold independent mnemonic phrases, while the third chip securely stores fingerprint information. In the event of device loss or damage, users can recover their assets using the mnemonic phrases and the account can be reloaded on another wallet.
  

Premium user experience of GS Wallet:

• Quick fingerprint unlock: The GS Wallet has a fingerprint unlock speed of 0.5 seconds, allowing users rapid access to their assets anytime, anywhere.
• Toughness and durability: Designed with a robust zinc alloy body, the wallet is protected from drops of up to 1m, ensuring the physical protection of the wallet.
• Companion app: The GS Wallet comes with a companion mobile app that enables users to monitor account activity in real-time ensuring worry-free transactions.
  

Availability

The GS Wallet is available from today (26 February 2025) on Goldshell’s official website.

For more information about ICG, please visit https://intchains.com/ and follow ICG on LinkedIn and X.

About Intchains Group

Intchains Group Limited (ICG) is an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications.

Contacts:

Redhill Communications

E: muhammad.rahmat@redhill.asia | intchains@redhill.asia

M: +65 9277 4846

E: belinda@redhill.asia

M: +1 778 877 3137

FAQ

What security features does the new ICG GS Wallet include?

The ICG GS Wallet features air-gapped design, data self-destruct mechanism, three-chip security system, dual recovery seed phrases, and fingerprint authentication.

How many cryptocurrencies does the ICG GS Wallet support?

The GS Wallet supports over 1,000 crypto assets, including both coins and tokens.

What is the battery life of ICG's new GS Wallet?

The GS Wallet offers up to 9 hours of battery life.

When was the ICG GS Wallet released and where can I buy it?

The GS Wallet was launched on February 28, 2025, and is available through Goldshell's official website.

How does the ICG GS Wallet protect against hacks and scams?

It uses air-gapped technology with no internet connection, features a data self-destruct mechanism, and employs a three-chip security system for data protection.