To chart a new path of economic ingenuity, Animoca Brands recently injected hi platform with a $30 million investment strategy to strengthen Web3’s financial ecosystem and increase the utility of NFT collectibles and other digital tokens.
Both Web3 powerhouses unite to catalyze the mass adoption of digital tokens such as NFTs and cryptocurrencies, unlocking real-world use cases by enabling users to earn and spend rewards using specific tokens – such as SAND, APE, EDU, REVV, GMME – within the Animoca Brands platform.
Animoca brands and @hi_com_official ????????
We have entered into a MoU for collaboration to support his dedicated work bridging fiat and cryptocurrency worlds to get on board #Web3 to masses, creating real-world use cases for utility tokens like $SAND, $EDU, $APE & more! https://t.co/i5qOjMluPv— Animoca Brands (@animocabrands) July 27, 2023
A journey towards more financial integration in the chain
Benefiting Animoca Brands portfolio companies is its main debit card with NFT avatar customization, backed by Mastercard, launching its first cards in Q3 2023. Users will have the unique opportunity to personalize their cards with an NFT avatar of their choice while making purchases using either fiat or digital currencies in over 90 million places around the world.
Another vital part of the collaboration will see both companies working together to develop hi’s groundbreaking ‘Proof of Human’ system, strengthening the hi app and hi protocol to drive mainstream integration of blockchain technologies.
He is already cherished for being Lithuania’s virtual asset service provider (VASP) and Italy’s virtual currency operator for the national payment service regulator. By joining forces with Animoca Brands, it hopes to expand its presence in Hong Kong and secure its VASP license to strengthen its commitment to supply chain regulatory compliance.
Animoca Brands and hi present the ongoing intersection of the conventional and digital finance world. By joining forces, the blockchain projects aim to attract Web3 and mainstream audiences to a more personalized, integrated and decentralized financial future.
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*All NFT Plazas investment/financial opinions are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research each product before making any kind of investment.