NEC announces intention to collaborate with Animoca Brands and Gryfyn in the Web3 space
30 March 2023 - With the aim of creating and expanding the digital wallet market in the Web3 area, NEC has entered a Memorandum of Understanding with Hong Kong-based Animoca Brands Corporation Limited (hereinafter ‘Animoca Brands’) and Gryfyn Holdings Limited (hereinafter ‘Gryfyn’) to jointly promote the initiative described below from April 2023. The three companies have signed a Memorandum of Understanding (MOU) as of March 28, 2023.
NEC is working to realize a Web3 society in which privacy protection and data utilization are compatible, and where people and data are trusted, by leveraging its world-class biometric authentication, secure computation and blockchain technologies. As part of this initiative, NEC is aiming to expand the digital wallet market and business opportunities.
Based in Hong Kong, Animoca Brands is a leader in digital entertainment, blockchain and gamification areas. The company has been committed to advancing digital property rights for gaming and contributing to establishing the open metaverse.
Gryfyn, a subsidiary of Animoca Brands, provides a custodial crypto wallet that allows anyone anywhere to easily and safely access digital experiences, own and handle digital assets, and connect with their favorite brands.
Through this collaboration, NEC aims to realize a trustworthy Web3 society, creating, and expanding the market by combining the Gryfyn-powered wallet and services with NEC’s biometric authentication technology as well as other software and technologies related to digital wallets.
[Overview of Collaboration]
1. Provision of software and technologies related to Gryfyn services developed by Animoca Brands and Gryfyn.
2. Provision of software and technologies related to digital wallet technology owned by NEC.
3. Accelerator program collaboration from NEC, Animoca Brands and Gryfyn in Japan.
[Overview of accelerator program]
■ The Purpose:
Empowering business ideas from startups in the Web3 space, integrating them into the ecosystem of NEC, Animoca Brands, and Gryfyn, and considering joint commercialization.
■ Start date: Will be announced in the future.
Gryfyn is a joint venture between Animoca Brands and Hex Trust to provide a custodial crypto wallet that allows anyone anywhere to easily and safely access digital experiences, own and handle digital assets, and connect with their favorite brands. Hex Trust provides its fully licensed bank-grade security and custody infrastructure to connect seamlessly to the rapidly expanding Web3 ecosystem. Gryfyn offers a secure, reliable and stress-free environment to store, interact with, and acquire digital assets. People around the world use Gryfyn as a digital passport to engage with events, entertainment, and each other.
For more information, visit gryfyn.io or contact email@example.com.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media. Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.