Today: February 28, 2024 3:33 am
Metaverse Professional

NEC to collaborate with Animoca Brands and Gryfyn on Web3

NEC has signed a memorandum of understanding (MoU) with Hong Kong-based Animoca Brands Corporation and Gryfyn Holdings with the aim of creating and expanding the digital wallet market in the Web3 area.

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 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.

  • JR Symonds

    JR is the senior reporter at Metaverse Professional, providing insight and coverage for all the latest developments in the metaverse and extended reality sectors. JR has a burning passion for the latest immersive tech, particularly developments in world creation and gaming.

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