The Sandbox, has announced its partnership with security solution provider, Ledger Enterprise, to develop security integration for its partners. The partnership aims to migrate non-fungible token (NFT) collections to the Ledger wallet, ensuring maximum security for the NFTs.
According to The Sandbox’s official blog on April 23, the partnership will include several initiatives. The Sandbox team will integrate a widget into the Ledger Live desktop application. The platform will appear as a decentralized application (DApp) on Ledger Enterprise. The team will transfer all NFTs from The Sandbox’s collection wallet to the Ledger Enterprise wallet to enhance security.
Sandbox will recommend Ledger Enterprise to its LAND owner ecosystem. Ledger will promote The Sandbox metaverse to its clients. This extends the recently established partnership between The Sandbox and Ledger to promote crypto education in the metaverse.
The collaboration follows a successful partnership between the two companies in 2022. In that time they promoted crypto security education through a game called School of Block in The Sandbox’s Metaverse. VP of Communications at The Sandbox, Ariel Wengroff, expressed that this experience thrilled the company.
Ledger recently raised $109 million in a Series C funding round extension. This brings the valuation to $1.4 billion. The company will use the raised capital to expand its distribution network, increase production, and develop new products. The Sandbox signed a memorandum of understanding with the Saudi Arabian government in February. They want to explore, advise, and support each other in metaverse development.
Moreover, Sandbox has not only partnered with Ledger but also with other big names. Both inside and outside the Web3 space. Those names include include Snoop Dogg, Gucci, Tim, Atari, HSBC, and Warner Music Group, among others.
This partnership between The Sandbox and Ledger Enterprise is a significant step towards securing NFT collections in the metaverse. As the metaverse continues to grow, ensuring maximum security for NFTs is crucial. With this partnership, The Sandbox and Ledger Enterprise are taking a step towards addressing this concern.
Ultimately, the collaboration between The Sandbox and Ledger Enterprise not only marks a crucial milestone in safeguarding NFT collections in the metaverse but also underscores the significance of cooperation within the blockchain sector. The partnership aims to promote crypto education in the metaverse, and as more companies collaborate, the industry will continue to grow and evolve.