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- Ledger, one of the largest providers of hardware cryptocurrency wallets, announced its partnership with Animoca Brands Subsidiary, The Sandbox. The collaboration aims to assist metaverse users with security and manage the self-custody of their digital assets.
- Ledger will be providing security services, while The Sandbox will be accommodating the wallet provider in its Metaverse to educate users about cryptocurrency as part of the deal.
- The Sandbox also revealed that it would also be creating a hub on its LAND, thus offering users the support and providing learning and gamified experiences within TheSandbox.
Ledger, a hardware cryptocurrency wallets maker, has announced its collaboration with The Sandbox, an NFT gaming metaverse. The step will likely help metaverse users increase security and to manage the self-custody of their digital assets.
Ian C Rogers, chief experience officer at Ledger, disclosed that the latest partnership aims to bring the security of the wallet manufacturer into the blockchain space at the Non-fungible conference in Lisbon.
In addition, as part of the deal, Ledger also intends to provide custom Ledger Nanos to the owners of SAND. Meanwhile, Animoca Brands Subsidiary, The Sandbox, will integrate into its Metaverse for the wallet provider to educate people about digital currency.
In a tweet, The Sandbox said that they are collaborating with Ledger to secure the Metaverse and increase support, security, and education for users. They will be creating a hub on their LAND, offering users support in addition to providing learning and gamified experiences within TheSandbox.
In addition, the partnership will also be spreading awareness and educating users about metaverse security along with leveraging self-custody.
The news of the partnership is followed by HSBC, a British banking organization, announcing its plans to enter the Metaverse by collaborating with The Sandbox just two weeks ago.
According to the report, the bank disclosed its plans to purchase a plot of land at the blockchain gaming firm’s Metaverse in its effort to engage with esports, sports, and gaming enthusiasts.
On the other hand, for Ledger, the latest move is its first venture with Metaverse after it had expanded its services to non-fungible tokens (NFTs) from traditional cryptocurrencies.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
