Hong Kong-based gaming software and venture capital company, Animoca Brands, has taken a significant step towards strengthening its presence in the Web3 space. The company recently announced a strategic partnership with hi, a well-known crypto app that offers crypto exchange and mobile banking services. As part of the collaboration, Animoca Brands made a substantial investment of $30 million in hi, further solidifying their commitment to supporting Web3 technologies.
We are thrilled to announce that @AnimocaBrands has entered into a strategic partnership with hi, accompanied by a USD 30 million investment
— hi | Web 3 Neo-Banking (@hi_com_official) July 27, 2023
Venturing into the World of Web3
The hi app has garnered attention in the digital finance realm with its unique offerings, allowing users to engage in crypto transactions seamlessly. One of its standout features is the provision of crypto exchange services combined with mobile banking, providing users with a comprehensive financial solution on their fingertips. Catering to the ever-growing crypto community, hi recently introduced a new feature – a Mastercard debit card for new users during the signup process.
Empowering Users with NFT Customization
With the introduction of the Mastercard debit card, hi app users can now make payments using various cryptocurrencies. The card also comes with a touch of personalization, as it can be customized with NFT avatars. This innovative integration of non-fungible tokens (NFTs) into the card’s design not only adds a unique touch but also highlights the growing potential of NFTs within the digital finance ecosystem.
A Strategic Partnership Takes Shape
Following the successful launch of the Mastercard debit card, hi caught the attention of Animoca Brands. Recognizing the immense potential of hi’s services and its dedication to the Web3 space, Animoca Brands swiftly moved forward with a strategic agreement. The collaboration between the two companies aims to accelerate the adoption and utility of both fungible tokens and NFTs within the Web3 domain.
Fostering Innovation in Web3
Both Animoca Brands and hi are prominent players in the Web3 landscape, and their partnership will undoubtedly lead to exciting developments for developers. One of the key areas of focus is the creation of a “unique-human authentication mechanism” using hi’s advanced proof-of-human identity tools. This collaboration opens up new possibilities for enhancing security and user experience in the world of decentralized applications.
Yat Siu’s Vision for the Future
Yat Siu, the co-founder, and executive chairman of Animoca Brands, expressed his enthusiasm about the partnership in a recent news release. He emphasized the company’s commitment to support hi in its continued development of the hi app and the hi Protocol, aiming to drive positive impacts throughout the broader Web3 ecosystem. This commitment underscores the collective effort to push the boundaries of innovation and usher in a new era of decentralized technologies.
Expanding Web3’s Influence
As the worlds of gaming, venture capital, and Web3 converge, partnerships like the one between Animoca Brands and hi are becoming increasingly crucial. The $30 million investment signifies Animoca Brands’ dedication to fostering growth and innovation within the Web3 space, while hi’s expanding suite of services continues to attract users from various backgrounds.
In conclusion, the strategic partnership between Animoca Brands and hi marks an important milestone in the world of Web3. By joining forces, these two Web3 powerhouses are set to unlock new opportunities for developers and users alike. As the digital finance landscape evolves, collaborations of this nature will shape the future of decentralized technologies, making them more accessible and beneficial to individuals worldwide. The hi app’s integration of NFT customization and the support from Animoca Brands further emphasize the potential and exciting prospects that lie ahead for Web3 enthusiasts.