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Ledger Enterprise, the Sandbox partner to secure metaverse businesses

Ledger Enterprise, the Sandbox partner to secure metaverse businesses

As part of the partnership, The Sandbox will move all NFTs now stored in its collection wallet to a Ledger Enterprise wallet.

Ledger Enterprise, a provider of security solutions, will work with The Sandbox, a decentralized Metaverse platform, to develop security integration for the Sandbox’s partners. Any NFTs they have on hand will be moved over to their Ledger wallet.

On April 23rd, the relationship was revealed on The Sandbox’s main blog. As a result of the teamwork, many new endeavors will be initiated. Ledger Enterprise users will have access to the Sandbox as a decentralized application (dApp), and there will be a dedicated widget for it on the desktop client, Ledger Live. There will be a migration of NFTs from the Sandbox collection wallet to the Ledger Enterprise wallet.

According to the article, both companies will advocate for one other’s respective ecosystems: The Sandbox will recommend Ledger Enterprise to its LAND owner ecosystem, while Ledger will encourage its customers to join the Metaverse. The program expands on recent efforts by The Sandbox and Ledger to spread crypto literacy throughout the virtual world.

In 2022, businesses made their first concerted effort to work together on a mission to spread awareness of the importance of crypto security through the use of a game called School of Block in The Sandbox’s Metaverse. The encounter “thrilled” the organization, according to Ariel Wengroff, vice president of communications at The Sandbox.

At the end of May, Ledger secured $109 million (100 million euros) in an extension of its Series C financing round, which put a $1.4 billion (1.3 billion euro) valuation on the company. Investors including VaynerFund, Cité Gestion SPV, True Global Ventures, and Digital Finance Group have provided the capital that will be utilized to expand the company’s distribution network, boost manufacturing capacity, and develop innovative new goods.

The Sandbox is also actively pursuing the development of its kinship system. The company and the Saudi government agreed to “explore, advise, and support” one another in the development of metaverse technologies when they signed a memorandum of agreement in February 2023.

The Sandbox has worked with a wide variety of firms, both in and out of the Web3 space, including Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group.

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