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Animoca Brands Invests $30 Million in Crypto Payments Application Hi

Metaverse gaming and venture capital giant Animoca Brands has invested $30 million into Web3 payments application and protocol hi. In addition, hi has forged a partnership with Animoca Brands to help bring utility to non-fungible tokens (NFTs) across its portfolio companies and throughout the Web3 ecosystem. Co-founder Sean Rach told CoinDesk that hi operates as a neobank, or a digital-only application that provides banking services, allowing users to transact in crypto or fiat. Rach told CoinDesk that hi plans to use the funding to scale its app, as well as gear up for the mainnet launch of its Ethereum Virtual Machine (EVM) compatible hi Protocol.

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