Ledger Enterprise Is Going To Supply The Security Solution For The Sandbox
- To develop security integration for its partners, The Sandbox will collaborate with security solution vendor Ledger Enterprise.
- The Sandbox will be available as a dApp on Ledger Enterprise, and a specific widget will be included in the Ledger Live desktop program. The Sandbox collection wallet’s NFTs will be transferred to the Ledger Enterprise wallet.
All NFTs in The Sandbox’s collection wallet will be transferred to the Ledger Enterprise wallet as part of the cooperation.
The Sandbox, a decentralized Metaverse platform, will collaborate with security solution provider Ledger Enterprise to create security integration for its partners. Their nonfungible token (NFT) collections will be transferred to the Ledger wallet.
Several activities will be launched as part of the collaboration. The Sandbox will be available as a dApp on Ledger Enterprise, and a specific widget will be included in the Ledger Live desktop program. The Sandbox collection wallet’s NFTs will be transferred to the Ledger Enterprise wallet.
In addition, as stated in the publication, The Sandbox will propose Ledger Enterprise to its LAND owner ecosystem, while Ledger will promote the Metaverse to its clients. The program builds on The Sandbox and Ledger’s recent collaboration to promote crypto education in the metaverse.
Companies attempted to collaborate for the first time in 2022, promoting crypto security education through a game called School of Block in The Sandbox’s Metaverse. According to Ariel Wengroff, The Sandbox’s VP of Communications, the company was “thrilled” with the experience.
Ledger raised $109 million (100 million euros) in a Series C investment round extension at the end of May, valuing the company at $1.4 billion (1.3 billion euros). The funds will be used to grow the company’s distribution network, increase manufacturing, and create new products, thanks to investors such as VaynerFund, Cité Gestion SPV, True Global Ventures, and Digital Finance Group.
The Sandbox is also aggressively working to expand its network of relationships. The business signed a memorandum of understanding with the Saudi government in February 2023, promising to “explore, advise, and support” one another in metaverse development.
Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group are among the companies that have previously collaborated with The Sandbox, both inside and outside of the Web3 area.
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