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Animoca Brands to invest $30 m in hi, form strategic partnership

The following announcement of Animoca Brands is interesting as it is a sizable investment for the company $30 m, it is with the company issuing debit cards featuring NFT avatar customization, the cards a re powered by Mastercard.

hi, the Web3 financial super app and ecosystem, and Animoca Brands have joined forces by entering into a memorandum of understanding (MoU) for strategic partnership. Animoca Brands will invest $30 m in hi and collaborate on a number of exciting initiatives. The two companies will work to provide developers with a unique-human authentication mechanism through hiP’s groundbreaking Proof of Human Identity (PoHI) solution. In 2022, hi - which has amassed over 3.5 m users with 1 m KYC-ed users - announced the world’s first debit card featuring NFT avatar customization, powered by Mastercard. With the first cards shipping in Q3 2023, eligible cardholders will be able to personalize the face of their debit card with an NFT avatar they verifiably own, and spend their fiat and digital currencies at more than 90 m locations worldwide. Animoca Brands’ portfolio companies could benefit from this unique customisation feature.



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