Animoca Brands Invests $30 Million into Neobank ‘hi’

In a groundbreaking move, Animoca Brands has unveiled plans to foster the development of practical applications for cryptocurrencies within hi’s Web3 projects ecosystem.

Elevating the potential of cryptocurrencies and non-fungible tokens (NFTs), Lithuania-based neobank hi has successfully secured a substantial $30 million investment from the renowned metaverse investor, Animoca Brands.

Marking the beginning of a transformative “strategic partnership,” both companies are set to collaborate on initiatives aimed at “enhancing the utility of fungible tokens and NFTs,” as announced by Animoca Brands on Thursday. The alliance seeks to propel the real-world adoption of these cutting-edge digital assets, setting the stage for a new era of crypto-powered possibilities.

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