Animoca Brands Corporation Ltd has entered a strategic partnership with Blockpass, the leading provider of compliant identity verification solutions for the Web3 space, to build a safer and more compliant Web3 environment.
The collaboration will leverage Blockpass' industry-leading KYC/AML 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.
Enhancing user security
Animoca Brands is a long-standing Blockpass customer and through this strategic partnership, both companies aim to enhance user safety and security.
In an era of 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.
The partnership will also help achieve compliance amid growing crypto regulations. In the evolving landscape of crypto regulations, adhering to KYC and AML requirements is essential.
Animoca Brands and its participating portfolio companies will be able to operate with greater confidence knowing they are in compliance.
Reusable identity
The partners will also be able to streamline user onboarding with reusable identity.
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.
About Blockpass
Renowned as 'Web3’s OG identity verifier', Blockpass 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 more than 1,000 businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
Shared philosophies
Animoca Brands co-founder and executive chairman Yat Siu said: "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.
"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."
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 are paving the way for a more secure and inclusive future for the decentralized world.
"Animoca Brands has been an important customer of Blockpass since 2021 and we’re excited to further our relationship," said Blockpass CEO Adam Vaziri. "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."