Animoca Brands and Hex Trust are partnering to provide institutional-grade wallets and monetary services for online players, the 2 business stated in a news release on Thursday.
- Animoca Brands is a prominent financier in decentralized video gaming and non-fungible tokens (NFTs)—with a $2.2 billion evaluation since October. Hex Trust is a crypto custodian and monetary companies with licenses in Hong Kong and Singapore.
- Hex Trust will function as custodian and provide monetary services to players in Animoca Brands’ community, that includes The Sandbox, according to journalism release. The services will likewise consist of banking services for NFTs and other crypto possessions, the declaration 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 in journalism release.
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