What was once a fintech startup has now become a major player in the world of Web3. Investors in the company come from a wide variety of sectors, including music, sports, media and entertainment, and include names like Justin Bieber, Paris Hilton, and Matthew McConaughey. MoonPay states that its strategic investors represent industries that are on the verge of transformation by Web3 technology and will change the way creatives, artists and athletes approach art, fan engagement and intellectual property management.
The company closed a $555 million Series A funding round in November. Co-founder and CEO Ivan Soto-Wright said at the time that the brand aims to “democratize access to the crypto economy by providing the tools for businesses to onboard new users with magical product experiences.”
“We are on a mission to help billions of people access trillions of dollars of digital value over the next decade and beyond,” Soto-Wright said.
What gives MoonPay a unique edge is its ability to provide end-users with a simpler way to buy and sell NFTs using its NFT Checkout solution, which allows the purchase of NFTs instantly using a credit or debit card. The company has users across more than 160 countries and is trusted by over 250 lending wallets, websites and applications.
MoonPay currently sits at a $3.4 billion USD valuation and plans to continue innovations in the crypto economy through further expansion of its team and global presence.
Elsewhere in the world of Web3, Coinbase launches the beta version of its Coinbase NFT platform.