- Ledger has announced a partnership with The Sandbox
- Through the partnership, Ledger plans to offer virtual education about cryptocurrencies
- SAND owners will also receive custom Ledger Nanos through the partnership
Ledger, a cryptocurrency hardware wallet provider, has announced a partnership with The Sandbox. Through this partnership, Ledger plans to use the virtual world offered by The Sandbox to offer cryptocurrency education.
Ledger partners with The Sandbox
The chief experience officer at Ledger, Ian Rogers, has said that this partnership will boost security on The Sandbox metaverse. Speaking during a Non-Fungible Conference, he noted that Ledger would now have a place in the metaverse where it can teach people about cryptocurrencies.
Rogers expressed gratitude over the opportunity that Ledger had received from The Sandbox and its co-founder and COO, Sebastien Borget. He also added that those who own SAND tokens would receive custom Ledger Nanos through this partnership.
The Ledger hardware wallet offers a high sense of security, and it is one of the most used hardware crypto wallets by both individual and institutional investors. Rogers noted that this partnership was a step further toward boosting security. It would teach people about upholding security in the crypto space.
“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,” Rogers said.
There have been increased calls for crypto investors to rely on self-custody wallets. Self-custody wallets give an individual total control over their assets. However, it also presents a challenge because a crypto holder will be entirely responsible for the security of the assets held in their hardware wallet.
“Self-custody really gives you personal freedom, but it’s also a responsibility. You have to take it super seriously so that you keep that right and don’t lose it,” Rogers said. Additional details regarding this partnership will be shared at a later date.
The Sandbox is one of the most popular virtual worlds. It has been used by various organizations to drive cryptocurrency education. The World of Women has also partnered with The Sandbox to offer female education and mentorship.
Hardware wallets
Ledger is a leading hardware cryptocurrency wallet provider. Hardware crypto wallets are physical devices that store private keys. Hardware wallets are used to offer an extra layer of security.
Ledger has expanded its operations to other areas other than the cryptocurrency sector. Its recent move has been towards offering support for non-fungible tokens (NFTs).
Earlier last month, Ledger announced it would be releasing the Ledger Nano S Plus limited edition. This would be a new hardware wallet designed to provide support for NFTs.
While hardware wallets are more secure than hot wallets, they are also prone to certain risks. Recently, Trezor, another popular hardware wallet, was targeted by a major phishing attack. The phishing campaign hijacked a MailChimp email list used to distribute emails urging users to download a new Trezor Suite. Those who fell prey to this phishing campaign had all their funds stolen from their wallets.
