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Blockpass and Animoca Brands, two prominent names in the web3 and digital property rights sectors, have signed a partnership aimed at improving security and compliance within the web3 environment.
The deal signals a deeper collaboration between Blockpass, set to ramp up identity verification processes, and Animoca Brands, a Hong Kong-based gaming software company and venture capital firm co-founded in 2014 by Yat Siu and David Kim.
The partnership focuses on leveraging Blockpass' KYC/AML software to ensure a secure and user-friendly experience in the rapidly evolving web3 and metaverse arenas.
The collaboration between Blockpass and Animoca Brands is designed to address growing concerns about ai deepfakes and identity theft, ensuring a safer online space for users. It also aims to address the increasing demands for compliance with KYC and AML regulations in the crypto space, thereby allowing Animoca Brands and its portfolio companies to navigate the regulatory landscape with greater confidence.
Another key aspect of this partnership is the improvement of user onboarding processes through Blockpass' provision of a reusable digital identity, which simplifies access to various web services3.
Animoca Brands, known for its extensive portfolio of blockchain-based games and collaborations with several high-profile brands such as MotoGP, Marvel and Formula 1, is a pioneer in defending digital property rights and establishing gaming economies for gain. . The collaboration with Blockpass, a company recognized for its advancements in identity verification and compliance solutions, underscores a shared vision for a more secure and equitable digital environment.
“One of Animoca Brands' core philosophies has always been to support and empower mission-aligned builders who believe in the vision of Web3 and the open metaverse to usher in digital property rights for all… This partnership strategic will allow Blockpass to realize the potential. of the Animoca Brands ecosystem while improving our user verification process.”
Yat Siu, Co-Founder and CEO of Animoca Brands
This partnership announcement follows a series of strategic expansions by Animoca Brands into the blockchain and gaming sectors. The company had previously nft-prize-winners” target=”_blank” rel=”noopener”>committed block step for nft event verification services and ventured into developing the first metaverse token on the bitcoin network with Darewise Entertainment and Horizen Labs.
Additionally, Animoca Brands recently invested at Param Labs, with the goal of further developing scalable web3 infrastructure and expanding its ecosystem, which includes partnerships with more than 50 intellectual properties.
