Animoca Brands has partnered with Blockpass to enhance Web3 security and set new standards in user verification and regulatory compliance.
The collaboration between Animoca Brands and Blockpass aims to improve safety and regulatory adherence in the Web3 and metaverse ecosystems. Blockpass’s KYC/AML SaaS solutions will be utilized to benefit Animoca Brands and select portfolio companies.
As digital interactions and transactions become more common, user safety and security have become critical issues. By incorporating Blockpass’s identity verification solutions, the partnership addresses these concerns and helps mitigate fraud risks and protect users from AI deepfakes and identity fraud.
The strategic collaboration comes at a crucial time with the increasing regulatory landscape for cryptocurrencies and related technologies. Integrating Blockpass’s KYC and AML requirements will enable Animoca Brands and its subsidiaries to operate with greater confidence and compliance amidst growing regulatory scrutiny.
Furthermore, the partnership aims to streamline the user onboarding process by offering a reusable identity verification process that is user-friendly and efficient, ensuring smooth access to Web3 services while adhering to regulatory frameworks.
Blockpass, known as “Web3’s OG identity verifier,” provides compliance tools to reduce onboarding costs, automate remediation, and protect against security threats. With a network of one million verified identity profiles and over a thousand businesses, Blockpass facilitates instant onboarding and compliance.
Animoca Brands, a leader in gamification and blockchain, with a large portfolio of over 400 investments in Web3 projects, aims to advance digital property rights and build the open metaverse through this partnership.
Yat Siu, co-founder and executive chairman of Animoca Brands, and Adam Vaziri, CEO of Blockpass, both emphasize the partnership’s alignment with their core philosophies of empowering builders in Web3 and the open metaverse, establishing trust, and ensuring regulatory compliance.
This partnership represents a significant milestone in the evolution of Web3 and the open metaverse, prioritizing user safety, regulatory compliance, and user experience. It sets a precedent for a more secure and inclusive decentralized future.
As the Web3 space continues to evolve, the partnership between Animoca Brands and Blockpass will play a crucial role in shaping a safer, more compliant, and user-friendly digital world.
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