Ledger, The Sandbox Partner for Crypto Wallet Security

The two firms aim to boost security for Metaverse platforms with innovative tools

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Crypto Wallet Hardware Providers Partner with The Sandbox
Virtual RealityInsights

Published: April 11, 2022

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Rory Greener

First announced last Monday at the Non-Fungible Conference in Lisbon, Metaverse platform The Sandbox revealed a partnership with French hardware vendor Ledger to educate its users in crypto-tech and increase security measures for the service.

Ledger offers hardware wallets to customers using $SAND, The Sandbox’s Ethereum-based cryptocurrency, and custom Ledger Nano.

In an interview, Ian Rogers, Chief Experience Officer for Ledger, said,

“The reality is that educated people become Ledger customers, 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 of self-custody”

Ledgers range of crypto wallet hardware enables individuals, groups, and families to store high-value digital items such as non-fungible tokens (NFTs), cryptocurrency, and digital tokens on a secure device. The firm’s hardware also includes a mobile application to manage digital assets.

 

The firm’s entry model device, the Nano S Plus, enables users to store and manage their digital assets. The device also includes roughly 100 applications to help individuals grow their asset collections.

The Nano S Plus contains a 128×64 px screen, USB-C input, a CC EAL5+ security chip, and includes rich developer tools. Ledger also sells a Nano S model with reduced processing power at a lower cost.

The Nano X is Ledger’s most feature-complete device and enhances hardware specifications with Bluetooth integration and improved smartphone cross-platform connectivity.

Investing in The Sandbox

The news comes amid a spike in digital real estate investments in November last year, where Metaverse real estate sold on Decentraland and Axie infinity totalled roughly $5 million.

The Sandbox and others offer users a rich eCommerce platform enhanced by immersive features such as avatars and interactive real-time 3D (RT3D) content.

The Decentraland rival remains a popular investment for firms and individuals to reap the benefits of Web3. Most notably, hip hop star Snoop Dogg opened the sales of 189 plots of land on The Sandbox along with themed NFTs as part of the promotion.

As the platform evolves, The Sandbox encourages individuals to create for the service. In January, it launched the Metaverse Accelerator Program, which pledges roughly $50 million USD to produce content for its virtual spaces.

 

 

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