Animoca Brands Partners with hi to Boost Web3 Ecosystem
Animoca Brands, the Hong Kong-based web3 investment firm, has announced a strategic partnership with hi, a web3 super app startup. As part of the partnership, Animoca will invest $30 million in hi. The details of the agreement are yet to be finalized.
Key Points:
1. Investment: Animoca Brands will invest $30 million in hi.
2. Services: hi offers exchange and digital banking-like services for crypto and fiat.
3. Userbase: Close to 3.5 million people have signed up for hi’s services.
4. NFT Debit Card: hi announced a customizable debit card with NFT avatars, which will be shipped soon.
5. Proof-of-Human Identity: The partnership aims to develop a unique-human authentication mechanism using hi’s proof-of-human identity tools.
Yat Siu, co-founder and executive chairman of Animoca Brands, stated that the partnership will drive positive impact for the broader Web3 ecosystem by collaborating on the development of the hi App and the hi Protocol.
Hot Take: Enhancing Web3 Ecosystem Through Collaboration
The partnership between Animoca Brands and hi represents a significant step in enhancing the Web3 ecosystem. With Animoca’s investment and hi’s innovative services, developers and users will have access to a range of new opportunities. The introduction of a customizable NFT debit card and the development of a proof-of-human identity mechanism will further strengthen the adoption of Web3 technologies. This partnership showcases the potential of collaboration in driving positive change and growth in the crypto industry.
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