• The Sandbox has recently partnered with security solution provider Ledger to bolster its security stack and treasury management.
• Through this partnership, Ledger will offer support for Sandbox assets in its solutions and add a widget for The Sandbox on its desktop app.
• The metaverse will also migrate all NFTs in its collection wallet to a secure Ledger wallet for added security.
The Sandbox Partners with Ledger
The Sandbox, one of the top metaverse platforms, has recently partnered with hardware wallet maker Ledger to bolster its security stack and treasury management. This strategic alliance between the two companies will bring mutual benefits as well as added security to the platform.
Ledger Support for Sandbox Assets
Ledger will be offering support for Sandbox assets in their solutions by adding a widget for The Sandbox on their desktop app. Furthermore, The Sandbox will work with them to recommend their suite of solutions to LAND owners looking for a secure way to store their digital assets such as NFTs and other crypto collectibles.
Migration of NFTs
As part of the agreement, all NFTs stored within the metaverse’s wallets will be migrated to more secure wallets provided by Ledger. This is being done mainly due to rising hacks, scams and mismanagement that occur frequently in Web3 projects that create or store digital assets.
Both parties are expected to benefit from this partnership based on Sebastien Borget’s statement: „We have a long relationship with Ledger, and we’re excited to deepen our partnership“ he said while expressing his enthusiasm over the new venture. Alex Zinder from Ledger also shared his thoughts on the importance of providing secure wallets for users‘ digital assets: „Web3 projects that create or store digital assets are vulnerable to rising hacks, scams, and mismanagement“.
This strategic alliance between The Sandbox and Ledger is sure to provide greater security measures for both individual users and brands using their services. With this newfound level of protection against malicious actors, users can now explore virtual worlds without fear of having their data compromised or stolen.