The Sandbox and Ledger, a maker of hardware wallets, have joined forces in a mutually beneficial business arrangement.
The Sandbox and Ledger, a company that makes hardware wallets, have come together to develop a collaboration that will be beneficial to both of their organizations.
With thousands of users exploring its virtual territories in search of thrilling experiences, The Sandbox has established itself as one of the best metaverse platforms in the field. The platform attracts not only players looking for entertainment but also hackers and con artists.
In order to improve its security, The Sandbox has teamed up with Ledger, one of the leading solution suppliers in the business.
Keeping The Sandbox safe
The Sandbox teamed with Ledger on March 23 to enhance its security stack and treasury management.
By this arrangement, Ledger will help metaverse platform brand partners secure their LAND and NFT collections.
In April 2022, the two businesses worked together for the first time to inform crypto users about security precautions in the metaverse. The two businesses are working together once again.
The Sandbox’s COO and co-founder, Sebastien Borget, expressed the following about their partnership 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 is a brief summary of the benefits that the cooperation will bring:
- Ledger will upgrade its products to include support for the Sandbox assets.
- On its desktop app, the provider of security solutions will include a widget for The Sandbox.
- Ledger and The Sandbox will collaborate to suggest Ledger’s solution portfolio to LAND owners.
- To increase security, the metaverse will transfer all NFTs in its collection wallet to a safe Ledger wallet.
According to Alex Zinder, Head of Enterprise at Ledger, web3 projects that produce or hold digital assets are increasingly subject to cyberattacks, con artists, and poor management. The Sandbox must concentrate on gaining the trust of the many brands it works with.
On the other hand, The Sandbox was recently hacked. An employee’s email was compromised by hackers, who then used it to send emails to users promoting a phony event.
Why you should be interested
The Sandbox works with many well-known businesses and web3 newcomers. Partnerships with popular corporations attract new consumers unaware of security measures. The metaverse platform must strengthen security to protect unaware users as users increase.
The metaverse company’s partnership with Ledger helps develop confidence and provide a safe and accessible platform for users.