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Blockchain game software unicorn Animoca Brands is injecting US$30 million into Hi, a cryptocurrency exchange start-up also based in Hong Kong, even as funding dwindles for similar businesses worldwide amid growing regulatory risks and economic uncertainties.
The investment is part of a new strategic partnership between Hi and Animoca, one of the most active investors in the Web3 space known for operating the non-fungible token (NFT) game The Sandbox, the companies announced on Thursday. Source: South China Morning Post
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