The platform for a decentralized Metaverse The Sandbox will collaborate with Ledger Enterprise, a provider of security solutions, to develop security integration for its partners, who will have their nonfungible token collections migrated to the Ledger wallet.
On April 23, The Sandbox unveiled the partnership on its official blog. The collaboration will encompass multiple initiatives.
The Sandbox will appear as a DApp on Ledger Enterprise, and a particular interface will also be incorporated into the desktop application Ledger Live.
All non-fungible tokens in The Sandbox collection wallet will be moved to the Ledger Enterprise wallet.
The release also highlights that The Sandbox will recommend Ledger Enterprise to its LAND owner ecosystem, while Ledger will promote The Sandbox’s metaverse to its customers.
This initiative expands the recently formed alliance between The Sandbox and Ledger to promote crypto education in the metaverse.
Companies have attempted to collaborate for the first time in 2022, promoting crypto security education through the game School of Block in The Sandbox’s Metaverse.
According to Ariel Wengroff, vice president of communications at The Sandbox, the company was “thrilled” with this experience.
Ledger raised an additional $109 million (100 million euros) in Series C funding at the end of May, valuing the company at $1.4 billion (1.3 billion euros).
Capital provided by VaynerFund, Cité Gestion SPV, True Global Ventures, and Digital Finance Group will be used to expand the company’s distribution network, boost production, and develop new products.
The Sandbox is also actively expanding its network of partnerships. In February, the corporation and the government of Saudi Arabia signed a memorandum of understanding, pledging to “explore, advise, and support” each other in metaverse development.
In the past, The Sandbox has partnered with some of the largest names in Web3 and beyond, including Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group.