Animoca Brands teams up with Blockpass for enhanced web3 security
Blockpass and Animoca Manufacturers, two outstanding names within the web3 and digital property rights sectors, have entered right into a partnership geared toward enhancing safety and compliance inside the web3 setting.
The settlement indicators a deeper collaboration between Blockpass, poised to enhance identification verification processes, and Animoca Manufacturers, a Hong Kong-based sport 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 growing issues of AI deepfakes and identification theft, guaranteeing a safer on-line area for customers. It additionally goals to handle the rising calls for for compliance with KYC and AML laws within the crypto area, thereby enabling Animoca Manufacturers and its portfolio firms to navigate the regulatory panorama with better confidence.
One other key facet of this partnership is the development of person onboarding processes by way of Blockpass’s provision of a reusable digital identification, which simplifies entry to numerous web3 companies.
You may additionally like: Thirdweb reveals main safety flaw in widespread sensible contracts
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 System 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 identification verification and compliance options, underscores a shared imaginative and prescient for a safer and equitable digital setting.
“Considered one of Animoca Manufacturers’ core philosophies has all the time been to assist 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 government chairman of Animoca Manufacturers
This partnership announcement follows a sequence 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 primary 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 increase its ecosystem, which incorporates partnerships with over 50 mental properties.
Learn extra: Staying secure in web3: your information to dapps safety
