The Sandbox (SAND) and Ledger have established their cooperation to educate metaverse participants about the security of their currency. This was announced on the opening day of the Non-Fungible Conference (NFC) in Lisbon on Monday.
For security, Ledger and The Sandbox have teamed up.
Ledger and The Sandbox announced cooperation at the Non-Fungible Conference (NFC) in Lisbon, which kicked off this Monday.
Both firms are industry leaders in their respective fields, with the first being known for its hardware wallets and the second for its metaverse. Ian Rogers, Director of Experience at Ledger, made the official announcement during his speech:
Did you listen to @iancr‘s keynote at @NFCsummit?
If you did, you probably heard some exciting news about Ledger partnering with a little #Metaverse project called @TheSandboxGame…
Keep your eyes and ears open for more info, coming soon! pic.twitter.com/teBZnzSbeM
— Ledger📍@BTC Miami (@Ledger) April 4, 2022
Ledger will use this cooperation to conduct security education and prevention activities directly in The Sandbox’s metaverse. Ian Rogers has revealed that SAND owners will receive unique Ledger Nano keys, however, we don’t know what shape this will take.
The significance of understanding how to safeguard your assets
This agreement, in Ian Rogers’ opinion, also serves a marketing purpose, because a person who is informed of security concerns has a better chance of becoming a customer of the company:
“The reality is that educated people become customers of Ledger, and so we just want to make sure that all people have all the education they need to be safe and to properly manage this incredible right and freedom that they have to hold their own assets. »
Furthermore, while there are numerous benefits to learning how to handle your crypto-assets on a non-custodial portfolio yourself, the ideal compromise between agility and security remains, to date, the use of a hardware wallet.
And this concept of security, which is currently mostly communicated in the context of decentralized finance (Defi), is just as applicable to metaverses.
Despite the recent speculative bubble, this is still a niche phenomenon whose development is still being worked on, but there is no question that attempted hacks and frauds will be encountered in the metaverses. This is why it’s critical to educate yourself on the proper reflexes to possess.
The relationship between Ledger and The Sandbox is particularly important in this regard because it is a safe bet that newcomers to blockchain will do so through metaverses.