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Animoca Brands and Hex Trust Partner to Provide Institutional-Grade Wallets for GameFi

Animoca Brands and Hex Trust Partner to Provide Institutional-Grade Wallets for GameFi

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Animoca Brands and Hex Trust are partnering to present institutional-grade wallets and monetary companies for on-line avid gamers, the 2 corporations stated in a press launch on Thursday.

  • Animoca Brands is a number one investor in decentralized gaming and non-fungible tokens (NFTs)—with a $2.2 billion valuation as of October. Hex Trust is a crypto custodian and monetary companies supplier with licenses in Hong Kong and Singapore.
  • Hex Trust will function custodian and present monetary companies to avid gamers in Animoca Brands’ ecosystem, which incorporates The Sandbox, in accordance to the press launch. The companies may even embrace banking companies for NFTs and different crypto belongings, the assertion stated.
  • “We believe that GameFi will follow the same process of institutionalization we experienced in the cryptocurrency market,” CEO and co-founder of Hex Trust Alessio Quaglini stated within the press launch.

Read extra: Grayscale Says Metaverse Is A Trillion Dollar Market Opportunity

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