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Animoca Brands join forces with HashKey Exchange to advance Web3 synergies

Published 24/01/2024, 11:46 am
© Reuters.  Animoca Brands join forces with HashKey Exchange to advance Web3 synergies

Animoca Brands Corporation Ltd has executed a memorandum of understanding for a strategic partnership with HashKey Exchange, a Hong Kong-based virtual asset exchange.

Under the MoU, both parties will collaborate to establish cooperative opportunities and strategic developments on virtual assets, including providing public education activities about Web3 and the potential listing of certain virtual assets on HashKey Exchange.

As part of the strategic partnership, Animoca will open an account on HashKey Exchange, emphasising a mutual commitment to compliant virtual asset trading.

“Accessible to global audience”

Animoca co-founder and executive chairman Yat Siu said: "Partnering with HashKey Exchange aligns with our mission to make blockchain technology and true digital ownership more accessible to a global audience.

“We look forward to contributing to the vibrant community at HashKey and providing engaging educational content through HashKey Academy."

Animoca Brands and HashKey Group will closely monitor the cutting-edge trends in the digital entertainment economy.

Both parties will leverage innovative technologies such as smart contracts and zero-knowledge proofs, promoting the integration of blockchain technology in the digital entertainment sector.

Stimulate the growth and innovation

HashKey Group COO and HashKey Exchange CEO Livio Weng said: "We are excited to partner with Animoca Brands, a pioneer in blockchain and digital property rights.

"This collaboration is a testament to our commitment to providing diverse and innovative offerings to our users.

"The goal of this partnership is to stimulate the growth and innovation of the digital entertainment industry."

HashKey Group, the parent company of HashKey Exchange, aims to become a key builder of infrastructure in the Asian Web3 digital entertainment ecosystem, contributing to network security and operational efficiency.

Read more on Proactive Investors AU

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