Loeb & Loeb Represents hi in Its Financing and Strategic Partnership with Animoca Brands

Loeb & Loeb represented hi, the Web3 financial super app and ecosystem, in its $30 million financing from—and strategic partnership with—Animoca Brands, a leader in digital entertainment, blockchain and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. 

According to Animoca Brands’ press release, the partnership is expected to lead to deep integration between hi’s innovative services that are driving Web3 mass adoption and Animoca Brands’ ecosystem. Animoca Brands will support hi’s vision to deliver real-world use cases for cryptocurrencies and utility tokens, allowing users to directly spend and be rewarded with certain tokens used in Animoca Brands’ network.
 
The Loeb deal team was led by partner Henry Yin, chair of the firm’s Asia M&A and Technology Transactions practice, and supported by Corporate associates Benjamin Yao and Bowen Yang.
 
For more information, please see Animoca Brands’ press release.