The Sandbox brings on security firm BrandShield to prevent rising NFT frauds

07/20 13:24

According to CoinDesk, metaverse gaming firm The Sandbox has signed on BrandShield (BRSD), an online threat detection company, to ensure the safety of crypto wallets and non-fungible tokens (NFTs) on its marketplace. The Sandbox allows users to monetize their activity on blockchain-based virtual lands. However, NFT projects and communities have faced several exploits and frauds in the past few months, which has increased the need for more vigilance. “In the open metaverse, users should be able to enjoy their true digital ownership rights and have new ways to create, store, and trade value while having fun rather than having to worry about online threats,” explained Sebastien Borget, COO of The Sandbox, in an email.
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