The Sandbox Teams with Ledger to Bolster Metaverse Security

The Sandbox and Ledger metal hands shake signaling partnership.
  • 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 marks the second time they are joining forces.

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 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 accessed an employee’s account 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 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.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Insha Zia

Insha Zia is a crypto journalist at DailyCoin who specializes in NFTs, Metaverse, and Web Gaming. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.