While digital photo frames are not exactly cool anymore, a new Kickstarter is looking to bring the concept to your Instagram photos.

The Instacube is an ARM-powered digital photo frame that will allow Instagram users to show off their latest and greatest photos from the service.

Here’s a quick video about the project. Click here if you can’t see the video.

The Instacube screen measures in at 6.5 inches and shows photos at the native 600×600 Instagram resolution.

Setup looks to be simple. After connecting the cube to a wireless network and entering in your Instagram account information on the touch screen, your photo stream is there waiting. There are three buttons on the top of the Instacube for power, to toggle between feeds, and a heart-shaped button to “like” photos.

The cube also has a built-in battery so users can show off their photos anywhere at anytime.

Android powers the Instacube, and the company behind the project, M2M, said it hopes to eventually open up to developers.

Launched yesterday, the project seems to be a hit as more than $145,000 has already been pledged on a $250,000 goal. You can pledge $149 to snag on Instacube while $199 can net you a pair of frames.

If you want to pledge, a large dose of patience will be needed. Estimated delivery of the Instacube is estimated to be March 2013. And that’s a long time to wait for an expensive gadget. But if D2M can make it work, I think the company will have a big hit on its hands.