A decentralized Metaverse platform, The Sandbox, will partner with security solutions provider Ledger Enterprise to expand security integration for its partners. The latter will see their collections of non-fungible tokens (NFT) migrated to the Ledger wallet.
The sandbox announcement a partnership in its official blog on April 23. The collaboration will include several initiatives. The Sandbox will appear as a dApp on Ledger Enterprise, a certain widget will also be embedded in the Ledger Live desktop application. All NFTs from The Sandbox collection wallet will be transferred to the Ledger Enterprise wallet.
Other than that, as the release points out, The Sandbox will recommend Ledger Enterprise to its ecosystem of LAND owners, while Ledger will promote the Metaverse to its customers. The initiative extends the recently established partnership between The Sandbox and Ledger to promote crypto education in the metaverse.
Latest news from #NFCsummit: @iancr announcement @Register is in partnership with @TheSandboxGame. pic.twitter.com/HN5ifHjtjD
— Cointelegraph (@Cointelegraph) April 4, 2022
In 2022, the companies 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 Sandbox’s vice president of communications, Ariel Wengroff, the company was “thrilled” with the experience.
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In late May, Ledger raised $109 million (€100 million) in an extended Series C funding round, putting its valuation at $1.4 billion (€1.3 billion). ). The capital, contributed by investors such 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 is also actively working to expand its network of partners. In February 2023, the company signed a memorandum of understanding with the Saudi government, pledging to “explore, advise and support” each other in the development of the metaverse.
The Sandbox has also partnered with some of the biggest names inside and outside of the Web3 space, including Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group.
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