The Sandbox, a leading decentralized gaming virtual world and subsidiary of Animoca Brands, recently announced a cooperation with Ledger Enterprise, a provider of infrastructure solutions for the protection of crypto assets for businesses, to offer security integration to The Sandbox's enterprise brand partners. The partnership will make it simpler and faster for brands to secure both their LANDs and The Sandbox NFT collection wallet.

Briefly About The Sandbox

The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds fueling the recent growth of virtual real estate demand, having partnered with Warner Music Group, Ubisoft, The Rabbids, Cut the Rope, Tony Hawk, Gucci Vault, The Walking Dead, Invincible, Snoop Dogg, Adidas, Deadmau5, Steve Aoki, SM Entertainment, The Smurfs, Care Bears, and Atari. The Sandbox metaverse offers players and creators a decentralized and user-friendly platform to create immersive 3D worlds and game experiences, as well as to securely store, trade, and monetize their creations. This is based on the existing The Sandbox IP, which has over 40 million global mobile installs.

COO and Co-Founder of The Sandbox, Sebastien Borgetsaid, “We have a long relationship with Ledger and we’re excited to deepen our partnership to provide further security to brands entering the metaverse,” he also said; “We are making it easier for our users to access Ledger and for Ledger clients to access The Sandbox, and that will also make it easier and safer for individuals and brands to thrive in the metaverse.”

The partnership agreement has charged the Ledger team with creating innovative security solutions for the new Sandbox initiative.

Briefly About Ledger

Ledger was established in Paris in 2014 as a global platform for digital assets and Web3. The security and utility of Critical Digital Assets are already dominated by Ledger. With more than 5M devices sold to consumers in 200 countries and 10+ languages, 100+ financial institutions and brands as clients, and services supporting trading, purchasing, spending, earning, and NFTs, 20% of the world's crypto assets are secured. LEDGER's products consist of the Nano S Plus and Nano X hardware wallets, the LEDGER Live companion software, [LEDGER] MarketTM, the first secure-minting and first-sale distribution platform in the world, and Ledger Enterprise. LEDGER's user-friendliness enables users to invest in digital assets and ultimately attain financial independence in a secure and stress-free environment.

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The Ledger team promised to help the Sandbox migrate their nonfungible tokens (NFTs) to a new Ledger wallet.

“Every brand that creates or stores digital assets is vulnerable to the increasing hacks, scams, and mismanagement we see in the broader market. The Sandbox works with numerous brands, and helps build trust and utility for newer users, which is why it  places the utmost value on enabling its brand partners to be secure, and Ledger Enterprise is proud to provide the peace of mind that businesses and consumers deserve,” said Alex Zinder, Head of Enterprise at Ledger.

The partnership on April 23 will employ a collaborative strategy for the launch of new projects.

The Sandbox Partnership with Ledger Enterprise's Objective

• The partners have consented to aid Sandbox in developing a unique decentralized application (DApp) for the Ledger Enterprise platform. In addition, they decided to leverage their proprietary infrastructures to create a Live desktop application centered on the ledger platform.
• The Ledger team will then construct a wallet to store all the NFTs accumulated by the Sandbox. The anticipated developments compel the Ledger Enterprise to join the LAND platform of Sandbox.
• In addition to developing the decentralized platform, the enterprise Ledger intends to market Sandbox products to the metaverse community. Remarkably, the Ledger Enterprise has been providing Web3 developers and metaverse investors with digital asset security services.
• The collaborators intend to expedite crypto-related studies for proponents of the metaverse. Last year, it was reported that Sandbox and Ledger Enterprise had released the Web3 game School of Block.

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This initiative intended to introduce crypto security training centered on the Metaverse platform developed by Sandbox.

Proposed Metaverse Project

The School of Block video game was one of the successful metaverse initiatives executed by the Sandbox. Ariel Wengroff, the vice president of communication for the company, demonstrated his support for the company's metaverse initiative.

In May 2022, the Ledger team raised $109 million in Series C funding, elevating the company's valuation to $1.4 billion. VaynerFund, True Global Ventures, and Digital Finance Group, among other rapidly expanding digital service providers, led the successful funding round.

Additionally, the Cite Gestion SPV contributed to the Ledger's previous funding round. The funding project's proceeds will be used to expand the Ledger supply chain and diversify the product line.

The $109 million will be redirected, as reported by The Ledger, to strengthen its distribution channel and introduce new products. In addition to the noteworthy accomplishments of the Ledger team, the Sandbox team has been working to establish a robust business network.

After a lengthy search for a business partner, the Sandbox team engaged into a commercial agreement with the Kingdom of Saudi Arabia. In February, the Saudi government surprisingly consented to sign a memorandum of understanding (MoU) with the Sandbox.

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As part of the partnership, all NFTs in The Sandbox's collection wallet will be transferred to the Ledger Enterprise wallet.

The memorandum of understanding(MoU) document disclosed that the Sandbox team would aid the Kingdom in exploring opportunities in the metaverse industry in the Arab region. Beyond this, the Sandbox has collaborated with tech and Web3 industry titans such as Snoop Dogg, Gucci, Warner Music, and HSBC.