Blockpass, a UK-based provider of compliant identity verification solutions for Web3, and Animoca Brands, a Hong Kong-based company known for advancing digital property rights in gaming and the open metaverse, announced a strategic partnership on to foster a more secure and compliant Web3 environment.
The collaboration aims to utilize Blockpass’ leading KYC/AML software as a service (SaaS) for seamless user verification within Animoca Brands and selected portfolio companies, emphasizing regulatory compliance and enhancing user experience in the rapidly growing Web3 and metaverse domains.
This partnership is set to improve user safety and streamline the onboarding process through the use of reusable identity, addressing challenges such as AI deepfakes and identity fraud.
Blockpass’ solutions are critical in mitigating fraud risks and ensuring user security across the Animoca Brands ecosystem. The alliance allows participating companies to operate confidently, knowing they meet the necessary compliance standards, benefiting from a user-friendly verification process that simplifies access to regulated Web3 services.
Blockpass, dubbed “Web3’s OG identity verifier,” is pioneering in providing crypto-native KYC/AML solutions and reusable identities, offering a suite of compliance tools aimed at reducing onboarding costs and safeguarding against fraudulent activities.
With about a million verified identities, Blockpass supports instant onboarding and has served over a thousand businesses.
Animoca Brands is a leader in gamification and blockchain, holding over 400 investments in Web3 projects, and is dedicated to promoting digital property rights and the development of the open metaverse.
The company produces and publishes blockchain and traditional games, some of which are based on globally recognized brands.
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, emphasized the company’s commitment to supporting builders who share the vision of Web3 and the open metaverse.
Adam Vaziri, CEO of Blockpass, highlighted the importance of the partnership in enhancing trust and compliance within the metaverse, marking a significant step in the evolution of Web3 and the open metaverse by prioritizing user safety, regulatory compliance, and user experience.
