Global fintech and funding innovation ecosystem

Animoca Brands’ $30M Investment in Hi: NFTs and Web3 Meet Finance With Customized Debit Cards

Investment | Aug 4, 2023

Hi Web3 neobank - Animoca Brands' $30M Investment in Hi:  NFTs and Web3 Meet Finance With Customized Debit Cards

Image: Hi

Metaverse gaming giant Animoca Brands has invested $30 million into the crypto 'Super App' hi, marking a significant collaboration that aims to amplify NFT utility in the financial industry, launch customized debit cards with Mastercard, and drive positive impact for the broader Web3 ecosystem.

Front Runners

  • Animoca BrandsBest known for its popular Ethereum-based metaverse game The Sandbox, Animoca Brands is a front runner in the gaming and metaverse space. Its investment in hi signifies a strategic move to leverage its ecosystem's tokens such as SAND, EDU, APE, REVV, GMEE, and others through hi Debit Cards.
  • Hi:  As a web3 neobank, hi is emerging as a leader in the crypto space, with close to 3.5 million users.   Its collaboration with Animoca and Mastercard, along with the development of the hi Protocol, positions it as a key player in the integration of web3 with traditional banking.

See:  10 Most Innovative Companies in 2023: Blockchain, Crypto, Metaverse, Web3

Amplifying NFT Utility in the Financial Industry

  • Animoca Brands, a Metaverse gaming conglomerate, has invested $30 million in the financial app hi, aiming to enhance the NFT utility in the industry. This significant investment is a clear indication of the growing opportunities in the integration of NFTs with financial services.  Animoca's established presence in Latin America could potentially open doors to new markets, further expanding the reach of hi's products and services.
  • Hi made headlines by teaming up with Mastercard to launch debit cards customized with renowned NFT collections like CryptoPunks and Bored Apes. This world-first product is set to be shipped later this quarter, opening up new avenues for personalized financial products.
  • The hi Protocol, a layer-2 solution for Ethereum, is being developed to provide a unique mechanism for authenticating humans, likened to a "Google login for Web3." This innovation aims to ease the transition between fiat and digital assets, making it more user-friendly.

Conclusion

  • The collaboration between Animoca Brands, hi, and Mastercard is a testament to the burgeoning opportunities in the intersection of cards and web3.

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  • From customized debit cards to the development of unique authentication protocols, these front runners are paving the way for a more integrated and user-friendly crypto ecosystem.
  • The $30 million investment by Animoca Brands into hi's Super App is a significant milestone that signals the growing confidence and potential in this space.

NCFA Jan 2018 resize - Animoca Brands' $30M Investment in Hi:  NFTs and Web3 Meet Finance With Customized Debit CardsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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