The Sandbox has announced a partnership with Ledger Enterprise in order to provide more security for enterprises within the metaverse.
In this way, enterprises will scale The Sandbox security stack and treasury management while offering seamless security integration to brand partners.
The Sandbox and Ledger together for LAND and NFT protection
The new partnership announced by The Sandbox is with Ledger Enterprise, a leading provider of infrastructure solutions for safeguarding enterprise cryptographic assets.
This partnership will offer security integration to The Sandbox’s enterprise brand partners, making it simpler and easier for brands to protect their LAND while protecting the wallet containing The Sandbox’s NFT collection
The collaboration between the two will include multiple initiatives. These include the addition of The Sandbox as a dApp on the hardware wallet, for the customers interested in owning or using LAND from The Sandbox ecosystem.
Then, the integration of a widget for The Sandbox into the Ledger Live desktop application and the building of synergies whereby The Sandbox recommends Ledger Enterprise to its ecosystem of LAND owners.
Similarly, Ledger can recommend The Sandbox to Ledger Enterprise customers who are interested in the metaverse. Finally, the migration of all NFTs in The Sandbox collection wallet to a protected Ledger Enterprise wallet for added security.
Statements regarding the Sandbox-Ledger partnership
Sebastien Borget, COO and co-founder of The Sandbox, on the recent partnership with Ledger stated the following:
“We have a long-standing relationship with Ledger and are excited to deepen our partnership to provide additional security for brands entering the metaverse. We’re making it easier for our users to log into Ledger and for Ledger customers to log into The Sandbox, which will also make it easier and safer for people and brands to thrive in the metaverse.”
On the other hand, Alex Zinder, Head of Enterprise at Ledger, said in this regard:
“Every brand that creates or stores digital assets is vulnerable to the growing attacks, scams and mismanagement we see in the wider marketplace. Sandbox works with numerous brands and helps build trust and utility for new users, which is why it places the greatest value in enabling its brand partners to be confident, and Ledger Enterprise is proud to provide the peace of mind that businesses and consumers deserve.”
Not surprisingly, The Sandbox was one of the first leaders in the industry to care about security while making the process fun for users, engaging millions of people and ensuring digital value.
In fact, Ariel Wengroff, vice president of communications, also said:
“We are so excited about the results of our educational game School of Block in The Sandbox and can’t wait to see this partnership grow across the board.”
The Sandbox (SAND) has a new rival?
The Sandbox’s native token, SAND, has recently enjoyed an impressive surge to levels no one could have predicted.
As for The Sandbox, cryptocurrency industry experts predict an average SAND rate of $0.73 for the second quarter of 2023, based on The Sandbox’s price changes at the beginning of the year.
By the conclusion of 2023, the price of Sandbox is expected to reach $0.94, an annual increase of 148%. In addition, an average of $0.82 per 1 Sandbox is expected by mid-2023.
However, the Sandbox price is expected to drop to $0.87 in the first half of 2024 and then increase by $0.03 in the second half, ending the year at $0.90, an increase of 29% above its current value.