Ledger partners with Animoca Brands’ subisidary – the Sandbox, and will offer security services while the latter will accommodate the wallet provider in its metaverse and educate users about crypto so let’s find out more about our latest cryptocurrency news.

One of the biggest providers of hardware wallets Ledger partners with Animoca Brands’ subsidiary The Sandbox. The move is expected to help the metaverse users to increase their security and to manage the self-custody of the digital assets. At the Non-fungible conference in Lisbon, the chief experience officer of Ledger Ian c Rogers revealed that the new partnership will bring the security of the wallet creator into the blockchain game. Ledger also plans to provide custom Ledger Nano models to the owners of SAND as a part of the deal while the game will accommodate the metaverse for the wallet provider to educate people about the cryptocurrency. The Sandbox tweeted:

“We’re partnering with Ledger to secure the Metaverse and increase security, education & support for users! They will be building a hub on their LAND, providing users with support alongside learning and gamified experiences inside TheSandbox.”

The new partnership will focus on bringing awareness and educating users on security in the metaverse while still enjoying the freedom of self-custody. The news came two weeks after the British banking organization HSBC announced more plans to enter the metaverse after also partnering with the Sandbox. Accoridng to the reports, the Bank revealed its intentions to buy a plot of land at the gaming company’s metaverse in a bid to try and engage with e-sports, gaming fans, and more. As of the ledger, the latest move is the first in lien with metaverse after expanding its services from traditional cryptocurrencies to NFTs.

Coinbase is the largest exchange in the US in terms of tradign volume and it announced that it will support Ledger as a popular crypto hardware wallet. The new integration is available via the coinbase wallet browser extension and will provide users with an additional layer of security. Hardware wallets are physical devices designed to store the users’ private keys offline rather than keeping them online in hot wallets like the ones offered by centralized exchanges. The private keys are a critical piece of information required to authorize transactions on the blockchain network like BTC or ETH but when stored online, they can become susceptible to theft and hacks.