Animoca Brands and Hex Trust to Provide Financial Services for Online Gamers

Animoca Brands and Hex Trust are banding together to give institutional-grade wallets and monetary administrations for web-based gamers, the two organizations said in an official statement on Thursday.

Animoca Brands is a main financial backer in decentralized gaming and non-fungible tokens (NFTs), with a $2.2 billion valuation as of October. Hex Trust is a crypto caretaker and monetary administrations supplier with licenses in Hong Kong and Singapore.

Hex Trust will fill in as caretaker and offer monetary types of assistance to gamers in Animoca Brands’ biological system, which incorporates The Sandbox, as indicated by the public statement. The administrations will likewise incorporate financial administrations for NFTs and other crypto resources, the assertion said.

“We accept that GameFi will follow a similar course of standardization we encountered in the cryptographic money market,” CEO and prime supporter of Hex Trust Alessio Quaglini said in the public statement.

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