Animoca Brands, a popular metaverse coin and the company behind the game, heralded a $30 million investment. The said investment will be dedicated to NFT services and a new application in particular.
Strategic investment of 30 million dollars from Animoca Brands
Animoca Brands, the firm behind Sandbox (SAND), has announced a $30 million investment in crypto payments app Hi. Hong Kong-based Animoca Brands is a prominent company operating in the field of games and digital assets. Hi, on the other hand, serves as a platform for crypto payments.
The main purpose of the investment is to support the growth and development of Hi. Animoca Brands aims to increase the potential of Hi and enable further innovation and expansion in the crypto payments space. This investment will make a significant contribution to promoting the adoption and use of crypto payment solutions.
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
The future of crypto payment platform Hi is supported by this significant investment by Animoca Brands. The investment will also lead to the emergence of new opportunities in the crypto payments industry. Both companies are making significant contributions to crypto acceptance with payment solutions that make it easy for users to pay securely and quickly.
Press releases
Yat Siu, co-founder and chairman of the board of Animoca Brands, shared that they are looking forward to more collaboration with the hi app:
We look forward to investing and partnering with hi, which is committed to bridging the gap between the fiat and cryptocurrency worlds. As part of this partnership, we will collaborate with hi in the continued development of the hi App and the hi Protocol to ensure positive impact for the wider Web3 ecosystem.
Commenting on the partnership, hi’s co-founder Sean Rach noted:
Hi is proud to work closely with Animoca Brands, especially for its experience in supporting Web3 companies first and foremost. By collaborating with Animoca Brands, we will be able to increase the adoption of hi products and services and contribute to the mass adoption of Blockchain technology.
about hi
Bringing together more than 3.5 million users with 1 million KYC users in 2022, Hi is supported by Mastercard. Earlier, the company announced the world’s first debit card with Mastercard-powered NFT avatar customization. With the launch of the first cards in Q3 2023, cardholders will be able to customize the front of their debit card with their NFT avatar. They will also be able to spend fiat and digital currencies in over 90 million locations worldwide.
We are thrilled to announce that @AnimocaBrands has entered into a strategic partnership with hi, accompanied by a USD 30 million investment
Read the full announcement at the Blog: https://t.co/5wsxm8BAY4 pic.twitter.com/E8Vj6FLkn2
— hi | Web 3 Neo-Banking (@hi_com_official) July 27, 2023
About Metaverse coin pioneer Animoca Brands
Animoca Brands is a leader in digital entertainment, blockchain and gamification working to advance digital property rights. Particularly, it is involved in the establishment of new metaverse platforms. Animoca Brands, the firm behind Sandbox (SAND), works with various super projects and brands:
- Games: The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings
- Brands: Disney, WWE, Snoop Dogg, The Walking Dead
- Web3 investments: Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony. He also has popular games like Alien Worlds and Star Atlas in his portfolio.
- Finally, as we quoted as Kriptokoin.com, the company made an undisclosed amount of investment in the electronic signature platform EthSign in February.
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