Animoca Brands invests $30M in hi platform

Animoca Brands, one of the top investors in the Web3 space and creator of The Sandbox metaverse, announced a $30 million investment in a financial app called hi to expand the usefulness of NFTs across the industry.

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

This platform is known for launching a project with Mastercard for debit cards created on the basis of NFTs blue chips (CryptoPunks, Bored Ape Yacht Club, Moonbirds and others). The project is at the final stage and is almost ready for implementation, which should take place in the 3rd quarter of 2023. Holders of such debit cards will be able to personalize them with their NFTs and make payments in both fiat and cryptocurrencies.

And the new partnership with hi will allow users of applications that are part of the Animoca Brands ecosystem to make direct transactions with $SAND, $EDU, $APE, $REVV, $GMEE and other tokens through profile debit cards. In addition, the technological experience of the platform (layer 2 solution for Ethereum) will provide a unique user authentication mechanism.

Hi’s co-founder Sean Rach сравнил это партнёрство как “Google login for Web3”.