Crypto Payment App Hi Secures $30M Investment from Animoca Brands

By making partnership, Animoca Brand will help the hi to bring the utility to non fungible tokens throughout its Web3 ecosystem.

A gaming software and venture capital company Animoca Brands made strategic partnership with the well known crypto app hi by investing $30 million.

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

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.”

Also Read: ALTAVA Partners With Animoca Brands for BAYC NFT Licensing

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!