A gaming software and venture capital company Animoca Brands made strategic partnership with the well known crypto app hi by investing $30 million.
The primary feature of hi app is to provide crypto exchange and mobile banking. Recently, hi app introduced a new Mastercard debit card for new users that are signing up.
By using these cards users can make payment using cryptocurrencies and the card can be customized with NFT avatars.
After Mastercard, Animoca lined up to connect with hi app by making a strategic agreement and investing $30 million. Along with this, Animoca will amplify the utility of fungible tokens and NFTs within Web3 space.
As both are Web3 companies, they will give the developers a platform to build “unique-human authentication mechanism,” using hi’s proof-of-human identity tools.
Animoca’s co-founder and executive chairman Yat Siu said in a news release that the firm “will collaborate with hi on its continued development of the hi App and the hi Protocol to drive positive impact for the broader Web3 ecosystem.”
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