- The Sandbox has partnered with hardware wallet maker Ledger
- The two companies will share mutual benefits
The Sandbox finds itself among the top metaverse platforms in the space, with thousands of users exploring its virtual lands for exciting experiences. However, the interest in the platform is not limited to players looking for fun but also hackers and scammers.
So, The Sandbox is leveling up its security by partnering with one of the best solution providers in the industry, Ledger.
Protecting The Sandbox
On March 23, The Sandbox announced partnering with top security solution provider Ledger to scale its security stack and treasury management.
Through this partnership, Ledger will offer security integration to brand partners of the metaverse platform, making it easier for them to secure their assets, such as LAND and NFT collections.
The two companies first collaborated in educating crypto users about security measures in the metaverse in April 2022. This is the second time the two companies are collaborating.
Sebastien Borget, COO and Co-Founder of The Sandbox, added on their relationship with Ledger:
“We have a long relationship with Ledger, and we’re excited to deepen our partnership to provide further security to brands entering the metaverse. We are making it easier for our users to access Ledger and for Ledger clients to access The Sandbox, and that will also make it easier and safer for individuals and brands to thrive in the metaverse.”
Here’s a quick rundown of what the partnership will bring:
- Ledger will add support for the Sandbox assets in its solutions.
- The security solution provider will add a widget for The Sandbox on its desktop app.
- The Sandbox will work with Ledger to recommend its solution lineup to LAND owners.
- The metaverse will migrate all NFTs in its collection wallet to a secure Ledger wallet for added security.
Alex Zinder, Head of Enterprise at Ledger, shared that web3 projects that create or store digital assets are vulnerable to rising hacks, scams, and mismanagement. The Sandbox works with numerous brands, so it must focus on building trust with its security.
On the Flipside
- The Sandbox was recently compromised. Hackers gained access to an employee’s email and sent emails promoting a fake event to users.
Why You Should Care
The Sandbox works with numerous high-profile brands and partners new to web3. Partnerships with mainstream companies are effective in welcoming newer users into the space who aren’t aware of security measures. With the rising influx of users, the metaverse platform must improve security and make it safer for unaware users.
The partnership with Ledger is a big step for The metaverse company in its commitment to building trust and providing a safe and accessible platform to all users.
Metaverse NFT trading volumes broke records this year:
Metaverse NFT Trading Hits Record Highs, DappRadar Says.
The Sandbox is distributing rewards in March:
The Sandbox to Distribute $600K in Rewards at March Festival.
Source link: https://dailycoin.com/the-sandbox-ledger-security-partnership/
