hi Teams Up with Animoca Brands, Secures $30M Investment

hi, a web3 financial super app, and Animoca Brands entered a memorandum of understanding (MoU) for a strategic partnership that includes a $30 million investment by Animoca Brands into hi.

The Deets

• Animoca Brands will invest $30 million in hi as part of a strategic partnership.
• The two companies will work together to enhance the utility of fungible tokens and NFTs in the Web3 ecosystem.
• Deep integration between Animoca Brands' ecosystem and hi's innovative services is anticipated.
• The partnership could enhance the use cases for cryptocurrencies and utility tokens within Animoca Brands' ecosystem.

The Bulk

hi and Animoca Brands announced a strategic partnership set to advance both companies' visions and initiatives in the growing Web3 ecosystem. Animoca Brands' $30 million investment into hi is a significant endorsement of the latter's potential.

At the heart of this partnership lies the integration between Animoca Brands' vast ecosystem and hi's cutting-edge services that aim to drive web3 mass adoption. This includes hi's proof of human identity (PoHI) solution, which provides a unique human authentication mechanism.

The collaboration intends to enhance the real-world use cases of cryptocurrencies and utility tokens, which will be instrumental in facilitating their adoption. This could potentially allow users to directly spend and be rewarded with certain tokens used within the Animoca Brands ecosystem.

One innovative feature that might benefit from this partnership is hi's recently announced world's first NFT avatar-customizable debit card. This collaboration might open doors for Animoca Brands’ portfolio companies to take advantage of this unique customization feature.

💰 Money Talks

As part of the partnership, Animoca Brands will invest $30 million into hi. 

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