Decentralized metaverse platform The Sandbox will partner with security solution provider Ledger Enterprise to develop security integration for its partners, who will migrate their non-fungible token collections to the Ledger wallet.
The Sandbox announced the partnership on its official blog on April 23. The collaboration will include several initiatives. Sandbox will appear as a DApp on Ledger Enterprise, and a certain widget will also be integrated into the Ledger Live desktop app. All NFTs in The Sandbox Collection wallet will be transferred to the Ledger Enterprise wallet.
Other than that, as the release emphasizes, The Sandbox will recommend Ledger Enterprise to its ecosystem of LAND owners, while Ledger will promote The Sandbox metaverse to its customers. The initiative expands on the recently established partnership between The Sandbox and Ledger to promote crypto education in the metaverse.
— Cointelegraph (@Cointelegraph) April 4, 2022
In 2022, the companies tried to work together for the first time, promoting cryptosecurity education through a game, called School of Block, in The Sandbox’s Metaverse. According to The Sandbox’s vice president of communications, Ariel Wengroff, the company was “delighted” with this experience.
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At the end of May, Ledger raised $109 million (100 million euros) in an extension of the Series C financing round, which placed its valuation at $1.4 billion (1.3 billion euros). The capital, provided by investors including 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.
Sandbox is also actively working on expanding its partner network. In February, the company signed a memorandum of understanding with the government of Saudi Arabia, pledging to “explore, advise and support” each other in the development of the metaverse.
The Sandbox has also previously been associated with some of the biggest names both in and out of the Web3 space, including Snoop Dogg, Gucci, Tim, Atari, HSBC and Warner Music Group.
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This post The Sandbox partners with Ledger Enterprise to protect metaverse businesses
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