Animoca Brands Pumps $30M to Enrich NFT Utility

To chart a new path of economic ingenuity, Animoca Brands recently injected the hi platform with a $30 million investment strategy to bolster the Web3 financial ecosystem, and amplify the utility of NFT collectibles, as well as other digital tokens.

Both Web3 powerhouses are uniting to catalyze mass adoption of digital tokens, like NFTs and cryptocurrencies, unlocking real-world use cases by enabling users to earn and spend rewards using specific tokens — like SAND, APE, EDU, REVV, GMME — within the Animoca Brands platform.

Animoca Brands and @hi_com_official
We entered into a MoU for partnership to support hi’s dedicated work in bridging fiat & cryptocurrency worlds to onboard #Web3 to mass, 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 Toward Greater Financial Integration On-chain

Advantageous for Animoca Brands’ portfolio companies is hi’s premier 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 at more than 90 million spots across the globe. 

Another essential component of the collaboration will witness both companies working together to develop hi’s pioneering ‘Proof of Human’ system, bolstering the hi app and hi protocol to stimulate mainstream integration of blockchain technologies. 

Already, hi is cherished for being Lithuania’s virtual asset service provider (VASP) and Italy’s virtual currency operator for the nation’s payments service regulator. By joining forces with Animoca Brands, it hopes to expand its presence in Hong Kong, securing its VASP license to cement its commitment to regulatory compliance on-chain. 

Animoca Brands and hi present the ongoing crossroads of the conventional and digital financial realms. By uniting 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 investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.