The Sandbox partners with Ledger Enterprise to secure metaverse businesses
As part of the partnership, all NFTs in The Sandbox’s collection wallet will be transferred to the Ledger Enterprise wallet.
A decentralized Metaverse platform, The Sandbox, will partner with security solution provider Ledger Enterprise to develop security integration for its partners. The latter will get their nonfungible token (NFT) collections migrated to the Ledger wallet.
The Sandbox announced a partnership in its official blog on Apr. 23. The collaboration will include several initiatives. The Sandbox will appear as a dApp on Ledger Enterprise, a certain widget will also be integrated in the Ledger Live desktop application. All NFTs in The Sandbox collection wallet will be transferred to the Ledger Enterprise wallet.
Apart from that, as the release emphasizes, The Sandbox will recommend Ledger Enterprise to its LAND owner ecosystem, while Ledger will promote the Metaverse to its clients. The initiative extends the recently established partnership between The Sandbox and Ledger to promote crypto education in the metaverse.
Breaking news from #NFCsummit: @iancr announces @Ledger is partnering with @TheSandboxGame. pic.twitter.com/HN5ifHjtjD
— Cointelegraph (@Cointelegraph) April 4, 2022
In 2022, companies have tried to work together for the first time, promoting crypto security education through a game, called School of Block, in The Sandbox’s Metaverse. According to the VP of communications at The Sandbox, Ariel Wengroff, the company was “thrilled” with this experience.
Related: AI makes the metaverse safer and more inclusive: The Sandbox co-founder
At the end of May, Ledger raised $109 million (100 million euros) in a Series C funding round extension, placing its valuation at $1.4 billion (1.3 billion euros). The capital, provided by such investors as VaynerFund, Cité Gestion SPV, True Global Ventures and Digital Finance Group, will be used to expand the company’s distribution network, increase production, and develop new products.
The Sandbox also works actively on broadening its partnerships network. In February 2023, the company signed a memorandum of understanding with the government of Saudi Arabia, pledging to “explore, advise and support” one another in metaverse development.
The Sandbox also previously partnered with some of the biggest names both inside and outside of the Web3 space, including Snoop Dogg, Gucci, Tim, Atari, HSBC and Warner Music Group.
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