The Sandbox Metaverse is collaborating with Ledger Enterprise to have their inventories of non-fungible tokens (NFTs) migrated to the Ledger wallet. and also to integrate security for its partners.
On April 23, The Sandbox announced a partnership on its official blog. The collaboration will encompass multiple initiatives. The Sandbox will appear as a decentralized application (dApp) on Ledger Enterprise, and a specific widget will also be incorporated into the Ledger Live desktop application. All non-fungible tokens in The Sandbox collection wallet will be moved to the Ledger Enterprise wallet.
In addition, as highlighted in the press release, The Sandbox will recommend Ledger Enterprise to its LAND owner ecosystem, while Ledger will promote the 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 2023, 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 most prominent names in Web3 and beyond, including Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group.
