Blockpass, the United Kingdom-based provider of compliant identity verification solutions for the Web3 space, and Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse and a long-standing Blockpass customer, have on Friday announced a strategic partnership to build a safer and more compliant Web3 environment.
Animoca Brands said in a statement that this collaboration will leverage Blockpass’ industry-leading KYC/AML software as a service (SaaS) to provide Animoca Brands and select portfolio companies with seamless and cost-effective solutions for user verification.
This will ensure stronger regulatory compliance while fostering a safer, user-friendly experience within the burgeoning Web3 and metaverse landscapes.
Through this strategic partnership, Blockpass and Animoca Brands aim to enhance user safety and security, achieve compliance amid growing crypto regulations and streamline user onboarding with reusable identity.
According to the statement, in an era of artificial intelligence (AI) deepfakes and rampant identity fraud, Blockpass’s identity verification solutions play a crucial role in mitigating fraud risks and safeguarding users within the Animoca Brands ecosystem.
In the evolving landscape of crypto regulations, adhering to KYC and AML requirements is also essential.
Under the partnership, Animoca Brands and its participating portfolio companies will be able to operate with greater confidence knowing they are in compliance.
It is also noted that Blockpass offers a user-friendly verification process that ensures smooth and efficient onboarding.
Users can create, store, and manage a secure digital identity, simplifying access to Web3 services and other sectors that are subject to regulation.
Blockpass, renowned as “Web3’s OG identity verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions.
Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI.
Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles,
Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
Animoca Brands, on the other hand, is a global leader in gamification and blockchain with a large portfolio of over 400 investments in Web3 projects, and with the mission to advance digital property rights and contribute to building the open metaverse.
The company and its various subsidiaries develop and publish blockchain games, traditional games, and other products, many of which are based on popular global brands including The Walking Dead, Power Rangers, MotoGP™, and Formula E.
“One of Animoca Brands’ core philosophies has always been to support and empower mission-aligned builders who believe in the vision of Web3 and the open metaverse to usher in digital property rights for all,” said Yat Siu, Co-founder and Executive Chairman of Animoca Brands.
“We work with Blockpass not only for the breadth of its offerings, but also because Adam and his colleagues are highly committed to the vision of data sovereignty and true digital ownership,
“This strategic partnership will enable Blockpass to tap into the potential of Animoca Brands’ ecosystem while enhancing our user verification process,” he added.
Meanwhile, Blockpass Chief Executive Officer Adam Vaziri, said that Animoca Brands has been an important customer of Blockpass since 2021 and they are excited to further their relationship.
“This collaboration marks a significant step forward in establishing trust and regulatory compliance in the metaverse,
“By working together, we can create a safer and more accessible Web3 experience for everyone,” he added.
According to the statement, this partnership marks 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 said they are paving the way for a more secure and inclusive future for the decentralized world.