Complex sentence: The idea was based on a product Padgett found in "SkyMall" magazine; soon afterwards, a makeshift xBand (the original code name for the MagicBand) was created using a strip of velcro, plastic liner, and a small RFID tag.
Split into simpler sentences: The idea was based on a product Padgett found in "SkyMall" magazine. Soon after, a makeshift xBand (the original code name for the MagicBand) was created using a strip of velcro, plastic liner, and a small RFID tag.