Sebastien Borget, co-founder and chief operating officer (COO) of the virtual world The Sandbox, stated that the historic district in Paris, Le Marais, is becoming a hub for Web3 companies. Borget shared his statement in a June 27 post on X after receiving a tour of a new Ledger office in that district.

"Thanks @Mo_RELS for the sneak peak tour of @ledger new offices in Paris - crazy they are literally 100 meters away of @thesandboxgame offices," said Borget. "Le Marais Paris 3rd arrondissement is becoming a new Web3 & Blockchain hub in France."

According to Bloomberg Crypto, Ledger Chief Experience Officer Ian Rogers said the company has set up a new headquarters in Paris and it is "one of the first crypto companies to have a headquarters like this." "I have had the pleasure of watching the Paris tech community really grow," Rogers said.

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Ledger is described on its website as "a fast-paced, growing company developing a variety of products and services to enable individuals and companies to securely buy, store, swap, and manage their digital assets."

The Sandbox is defined on its website as "a virtual gaming world where you can build, own, and monetize your gaming experiences on the blockchain." It provides interactive communication in real-time where users can collaborate, build relationships, and share experiences through the metaverse.

Rogers noted that "In France specifically…this is where the chip and pin…was invented, and you do have just incredible brains around engineering and security in general, so this is an amazing place for a company like Ledger to exist. That’s why it was started here and that’s why it still exists here," according to Bloomberg Crypto.

Borget became the co-founder and COO of The Sandbox in 2018. According to his LinkedIn profile, he has 14 years of experience in startups, four years in blockchain, and 11 years in mobile gaming. He also became the President of the Blockchain Game Alliance in 2020, advocating for NFTs (non-fungible tokens) and blockchain technology in games.

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