• Animoca Brands partners with Hi, a Web3 neobanking app that features cryptocurrency exchange services, conventional digital banking and customized NFT-styled debit cards.
• Hi’s flagship crypto-friendly Mastercard debit card allows users to personalize their physical cards with an NFT avatar they own.
• The two companies will also look to drive the adoption of a “unique-human authentication mechanism” through the Hi protocol’s proof of human identity solution.
Animoca Brands Partners With Neobank App Hi
Animoca Brands co-founder and executive chairman Yat Siu recently earmarked $30 million for the neobank platform Hi which combines a cryptocurrency exchange, digital banking services and a customizable nonfungible token (NFT)-styled crypto debit card offering as part of its growing ecosystem.
Hi’s Customizable NFT Debit Card Offering
Hi’s flagship crypto-friendly Mastercard debit card allows users to personalize their physical cards with an NFT avatar they own. This is an example of the ongoing shift toward personalization, where Web3 finally allows users the opportunity to express themselves and their individuality in new and exciting ways.
Unique Human Authentication Mechanism
The two companies also plan to drive the adoption of a “unique-human authentication mechanism” through the Hi protocol’s proof of human identity solution. This solution addresses shortcomings of the Web2 era, where a handful of companies gained control over user data and identity after establishing themselves as “dominant credential providers.“
Dual Node Structure for Verifying Accounts
Hi’s protocol uses a dual-node structure where one set of nodes serves as identity validators responsible for verifying accounts owned by humans while block producers secure the network.
Amplifying Utility Of Various Web3 Tokens & NFTs
As part of this agreement there is potential to amplify the utility of various Web3 tokens and NFTs within Hi’s ecosystem by using its Ethereum Virtual Machine compatible sidechain feature.