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NEC Inks MOU With Animoca Brands and Gryfyn

NEC has signed a Memorandum of Understanding with Animoca Brands and Gryfyn to work on building and expanding digital wallets in the Web3 space. NEC is focused on creating a Web3 society where privacy and data usage are carried out in tandem, and is putting efforts into the growth of the digital wallet market and improving business-related options. Animoca Brands is a Hong Kong-based enterprise focused on digital entertainment, blockchain, and gamification, while Gryfyn is an affiliate of Animoca Brands that provides a custodial crypto wallet. The partnership aims to create a dependable Web3 society by combining Gryfyn's boosted wallet and services with NEC's biometric verification technology and incorporating startups in the Web3 arena into the NEC ecosystem.

(By David Cox)

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