Gryfyn, a joint venture founded by Animoca Brands and Hex Trust, will launch a new custodial user-friendly wallet solution for Web3!

Gryfyn‘s wallet offers a seamless and safe experience as it is built on Hex Trust’s institutional-grade infrastructure, which is licensed and insured in major financial centers across the world. 

The venture has raised $7.5 million in funding from investors, such as Animoca Ventures, GameFi Ventures, Liberty City Ventures, and others. 

Gryfyn’s Impact on Web3

The wallet is NFT-centric and multi-chain, and it delivers bank-grade security; it will allow users to interact across numerous blockchains and Web3 products with ease and security. The circumstance makes it one step closer to mass adoption!

Arnoldo Concepción, the co-COO of Animoca Brands and the CEO of Gryfyn, believes that Gryfyn is a digital passport that connects people with their favorite experiences, such as games, sports, music, education, and anything else.

Gryfyn´s Path So Far

The platform had a successful soft launch during the Hong Kong Fintech Week in November 2022, and global partners have been signed on to increase the reach of the company.

Throughout 2023, Gryfyn intends to introduce additional features and activation events.

Yat Siu, the executive chairman and co-founder of Animoca Brands, underscores the importance of Gryfyn in the company’s mission to make intellectual property rights accessible to a wider audience. 

The open metaverse is now a reality, and Gryfyn is a critical element in Animoca Brands’ efforts to speed up mainstream adoption by delivering exceptional user experiences on top-notch products.

NFT wallets are keeping users' NFTs.

About Animoca Brands

Animoca Brands is a top digital entertainment, blockchain, and gaming company, recognized for its achievements, including winning the Deloitte Tech Fast award. 

Its portfolio includes original games, tokens, like REVV and SAND, and acquisitions, like NWay. Animoca Brands is dedicated to developing digital property rights and contributing to the open metaverse.

About Hex Trust

The Hex Trust Group is a registered and insured digital asset custodian. It is led by seasoned banking technologists and financial services professionals that created Hex Safe; Hex Safe is a bank-grade platform for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. 

Final Thoughts

Gryfyn represents a big step forward in the Web3 space. It is well-positioned to meet the growing need for dependable and user-friendly crypto wallets by providing a safe and seamless wallet solution.

The venture has the means and knowledge to carry out its ambitious goals for 2023 and beyond, thanks to the support of many high-profile investors and a team of experienced executives. 

The success of this business could have far-reaching consequences for the Web3 ecosystem as a whole, increasing the adoption of digital property rights and paving the way for new and novel use cases in the metaverse.