© Reuters. Animoca Brands Corporation signs MoU with NEC and Griffin Holdings to expand digital wallet business in Web3

Hong Kong-based Animoca Brands Corporation Limited has entered into a memorandum of understanding (MoU) with NEC Global, a Japanese multinational information technology and electronics corporation, and Griffin Holdings Limited, an NFT-focused Web3 company and a subsidiary of Animoca Brands.

Under the MoU, the three companies will collaborate to expand digital wallet business in the web3 space.

supplementary dispatch

NEC intends to develop a Web3 society in which privacy protections and data access are consistent, and where people and data are trusted, by leveraging its world-class biometric authentication, secure computing and blockchain technologies.

As part of this initiative, NEC aims to expand the digital wallet market and business opportunities.

Based in Hong Kong, Animoca Brands is involved in the digital entertainment, blockchain and gamification sectors.

The company is committed to advancing digital property rights for gaming and contributing to the establishment of an open metaverse.

Griffin, a subsidiary of Animoca Brands, provides a custodial crypto wallet that allows anyone, anywhere to easily and securely access digital experiences, manage digital assets, and connect with their favorite brands.

The three companies are collectively aiming to facilitate a trustless Web3 society by combining Gryfyn-powered wallets and services with NEC’s biometric authentication technology.

MoU details

The three companies have agreed to their following terms:

  • Provision of software and technologies related to the Gryfyn Services developed by Animoca Brands and Gryfyn.
  • Provision of software and technologies related to NEC’s proprietary digital wallet technology.
  • Accelerator program collaboration from NEC, Animoca Brands and Gryfyn in Japan (start date to be announced).
  • The accelerator program is designed to empower business ideas from startups in the Web3 space, integrating into the ecosystem of NEC, Animoca Brands and Griffin with the idea of ​​joint commercialization.

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    Source: au.investing.com

    Source: cryptosaurus.tech