Animoca Brands teams up with Blockpass for enhanced web3 security

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Blockpass and Animoca Brands, two outstanding names within the web3 and digital property rights sectors, have entered right into a partnership aimed toward enhancing safety and compliance inside the web3 atmosphere.

The settlement alerts a deeper collaboration between Blockpass, poised to reinforce id verification processes, and Animoca Manufacturers, a Hong Kong-based recreation software program firm and enterprise capital firm co-founded in 2014 by Yat Siu and David Kim.

The partnership focuses on leveraging Blockpass’s KYC/AML software program to make sure a safe and user-friendly expertise within the quickly evolving web3 and metaverse arenas.

The collaboration between Blockpass and Animoca Manufacturers is designed to deal with the rising issues of AI deepfakes and id theft, making certain a safer on-line house for customers. It additionally goals to handle the rising calls for for compliance with KYC and AML regulations within the crypto house, thereby enabling Animoca Manufacturers and its portfolio firms to navigate the regulatory panorama with higher confidence.

One other key facet of this partnership is the advance of person onboarding processes via Blockpass’s provision of a reusable digital id, which simplifies entry to numerous web3 companies.

Animoca Manufacturers, recognized for its intensive portfolio of blockchain-based video games and collaborations with a number of high-profile manufacturers corresponding to MotoGP, Marvel, and Method 1, is a pioneer in advocating for digital property rights and the institution of play-to-earn economies. The collaboration with Blockpass, an organization celebrated for its developments in id verification and compliance options, underscores a shared imaginative and prescient for a safer and equitable digital atmosphere.

“Certainly one of Animoca Manufacturers’ core philosophies has all the time been to help and empower mission-aligned builders who consider within the imaginative and prescient of Web3 and the open metaverse to usher in digital property rights for all…This strategic partnership will allow Blockpass to faucet into the potential of Animoca Manufacturers’ ecosystem whereas enhancing our person verification course of.”

Yat Siu, co-founder and govt chairman of Animoca Manufacturers

This partnership announcement follows a collection of strategic expansions by Animoca Manufacturers within the blockchain and gaming sectors. The corporate had beforehand engaged Blockpass for NFT occasion verification companies and ventured into the event of the first metaverse token on the Bitcoin community with Darewise Leisure and Horizen Labs.

Moreover, Animoca Manufacturers not too long ago invested in Param Labs, aiming to additional develop scalable web3 infrastructure and broaden its ecosystem, which incorporates partnerships with over 50 mental properties.

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