Blockpass and Animoca Brands, two prominent names in the web3 and digital property rights industries, have entered into a partnership aimed at improving security and compliance within the web3 environment.
The agreement marks a deeper collaboration between Blockpass, poised to improve 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’s KYC/AML software to ensure a secure and user-friendly experience in the rapidly evolving Web3 and Metaverse arenas.
The partnership between Blockpass and Animoca Brands aims to address growing concerns about AI deepfakes and identity theft, ensuring a safer online space for users. It also aims to address the growing demand for KYC and AML regulatory compliance in the crypto space, 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’s provision of a reusable digital identity, which simplifies access to various Web3 services.
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Animoca Brands, known for its extensive portfolio of blockchain-based games and partnerships with several high-profile brands such as MotoGP, Marvel and Formula 1, is a pioneer in advocating digital property rights and building play-to-earn economies. The partnership 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-driven builders who believe in the vision of Web3 and the open metaverse to usher in digital property rights for all… This strategic partnership will enable Blockpass to realize the potential tap into the Animoca Brands ecosystem while improving our user verification process.”
Yat Siu, co-founder and executive chairman of Animoca Brands
This partnership announcement follows a series of strategic expansions by Animoca Brands in the blockchain and gaming sectors. The company had previously engaged Blockpass for NFT event verification services and ventured into developing the first metaverse token on the Bitcoin network together with Darewise Entertainment and Horizen Labs.
In addition, Animoca Brands recently invested in Param Labs, aiming to further develop its scalable Web3 infrastructure and expand its ecosystem, which includes partnerships with more than 50 intellectual properties.
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