Blockpass, a leading provider of compliant identity verification solutions in the Web3 realm, and Animoca Brands, renowned for its advancements in digital property rights for gaming and the open metaverse, have announced a strategic collaboration aimed at fortifying the safety and regulatory compliance of the Web3 environment.
In their joint endeavor, Blockpass and Animoca Brands intend to bolster user safety and security within the burgeoning Web3 and metaverse landscapes. By leveraging Blockpass’s industry-leading KYC/AML SaaS, the partnership seeks to offer seamless and cost-effective user verification solutions to Animoca Brands and select portfolio companies. This move is expected to enhance regulatory compliance and ensure a safer and more user-friendly experience for participants.
Enhanced User Safety and Security:
In an era marked by AI deepfakes and rampant identity fraud, Blockpass’s identity verification solutions are poised to play a pivotal role in mitigating fraud risks and safeguarding users within the Animoca Brands ecosystem.
Compliance Amid Crypto Regulations:
In light of the evolving crypto regulatory landscape, adherence to KYC and AML requirements is paramount. By leveraging Blockpass’s solutions, Animoca Brands and its participating portfolio companies can operate with increased confidence, knowing they are compliant with regulatory standards.
Streamlined User Onboarding with Reusable Identity:
Blockpass offers a streamlined verification process that ensures smooth and efficient onboarding for users. Through the creation, storage, and management of secure digital identities, users gain simplified access to Web3 services and other regulated sectors.
Blockpass, recognized as “Web3’s OG identity verifier,” has been at the forefront of pioneering reusable identities and crypto-native KYC/AML solutions. Its comprehensive suite of compliance tools is designed to lower onboarding costs, automate remediation, and protect against malicious actors and fraudulent activities.
Animoca Brands, a global leader in gamification and blockchain, boasts a vast portfolio of over 400 investments in Web3 projects. With a mission to advance digital property rights and contribute to building the open metaverse, the company develops and publishes blockchain games and other products, many of which are based on popular global brands.
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed enthusiasm about the partnership, emphasizing the alignment of visions between the two entities. He highlighted the strategic significance of the collaboration in enhancing user verification processes within Animoca Brands’ ecosystem.
Adam Vaziri, CEO of Blockpass, echoed Siu’s sentiments, underlining the importance of establishing trust and regulatory compliance in the metaverse. He emphasized the collaborative effort’s potential to create a safer and more accessible Web3 experience for all participants.
This partnership represents a significant milestone in the evolution of Web3 and the open metaverse. By prioritizing user safety, regulatory compliance, and user experience, Blockpass and Animoca Brands are paving the way for a more secure and inclusive future in the decentralized world.