Animoca Brands invests $30M into Web3 neobank hi. YatSiu unpacks potential of its personalizable NFT avatar bearing debit cards with gazza_jenks.
Animoca Brands co-founder and executive chairman Yat Siu sees significant potential in the personalization of Web3-based services as his firm earmarks $30 million to neobank platform hi.
Speaking exclusively to Cointelegraph, Siu said that hi’s vision for their NFT debit card offering intersects with his own views on the interplays of culture and Web3. hi's flagship crypto-friendly Mastercard debit card allows users to personalize their physical cards with an NFT avatar which they verifiably own.
The two companies will also look to drive the adoption of a “unique-human authentication mechanism”, in reference to the hi protocol’s proof of human identity solution.Sean Rac, hi co-founder, told Cointelegraph that the protocol’s proof of human identity solution looks to address shortcomings of the “Web2” era where a handful of companies gained control over user data and identity after establishing themselves as “dominant credential providers”.
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