Odaily Planet Daily News Animoca Brands announced a $30 million investment in the encrypted payment application hi. Additionally, hi has entered into a partnership with Animoca Brands to help its portfolio companies and the entire Web3 ecosystem bring utility to NFTs. According to co-founder Sean Rach, hi plans to use the funds to scale its application and prepare for the mainnet launch of the ethereum virtual machine (EVM)-compatible hi protocol.
It is reported that hi is working on implementing proof of human identity (POHI) into its KYC process, but the process does not involve iris scanning. Hi said the company currently has 3.5 million users and 1 million KYC users, and plans to increase this number by implementing POHI. (CoinDesk)