NFTs, Web3, and $30M
Imagine a world where your financial life is as unique as your personality – where money meets individuality, and NFTs entwine with debit cards. Well, Animoca Brands‘ co-founder, Yat Siu, seems to have peered into that future, splashing a cool $30 million into the Web3 app, Hi. But what makes this investment truly stand out is the irresistible blend of cryptocurrencies, digital banking, and NFT-styled debit cards. Yup, you heard that right!
Hi’s Debit Cards – When Culture Meets Web3
Cointelegraph got the exclusive scoop from Yat Siu, who sees Hi’s NFT debit card offering as the epitome of personalization in the Web3 era. Finally, users can express themselves like never before – adorning their crypto-friendly Mastercard debit cards with NFT avatars they genuinely own.
Amplifying Web3 Tokens and NFTs – The Hi Ecosystem
But wait, there’s more! This collaboration aims to crank up the utility of Web3 tokens and NFTs to a whole new level. Hi’s ecosystem features not only Web3-integrated financial applications but also its Ethereum Virtual Machine-compatible sidechain. Fancy, huh?
Proof of Human Identity – The Decentralized Twist
Hi’s ingenious proof of human identity solution takes a dig at Web2’s dominance by a handful of data-hungry corporations. Instead, they’ve introduced a dual-node structure where identity validators ensure that only humans get through while block producers keep things secure. Human-only networks and decentralized applications, anyone?
Flaunt Your NFTs While You Shop – Hello, Hi Debit Card!
Paying with style has never been this easy. Hi’s debit card lets you shop anywhere globally, whether with fiat or crypto. And with over 90 million merchants accepting Mastercard, you’ll never run out of places to show off your prized Bored Ape Yacht Club, Meebit, or Pudgy Penguin NFTs. Talk about being the talk of the town!
Animoca’s Bet on a Web3 Revolution
This investment isn’t just about the money; it’s about the future. Animoca’s belief in Hi stems from its potential to bring a fresh wave of users to the world of Web3, bolstering their own brands like The Sandbox. It’s not just an investment; it’s a leap into a new era.
Learn more: Artful Adventures in the Metaverse: The British Museum and The Sandbox Team Up
Regulators, Don’t Worry – Hi is on the Case
And hey, don’t fret about regulations! Hi has already secured the green light as a virtual asset service provider in Lithuania and is recognized as a digital currency operator by Italy’s payments service regulator. Their presence is expanding in Asia, with Hong Kong on the horizon. No wonder Animoca is all aboard the Hi train!
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So there you have it – a tale of NFT debit cards, Web3 wonders, and a witty investment that promises a fascinating financial future. We’re just getting started!
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