Dozens of VIP backers invest $87M into crypto payment startup MoonPay

In November 2021, MoonPay announced a $ 555 million Series A finance cycle that brought the crypto payment platform ‘s evaluation to $ 3.4 billion. On Wednesday, the fintech company revealed that $ 87 million of the total $ 555 million came jointly from more than 60 public figures and celebrities in the music, sports, media and entertainment industries. While the Series A round was led by firms like Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm and NEA, the following family names are besides considered strategic investors : Gwyneth Paltrow, Maria Sharapova, Eva Longoria, Gal Gadot, Matthew McConaughey and Bruce Willis. early “ industry VIPs ” like Ashton Kutcher, Justin Bieber, Snoop Dogg, Paris Hilton and Steve Aoki are all already profoundly involved within the crypto and nonfungible keepsake ( NFT ) space. Related: Snoop Dogg may be the face of Web3 and NFTs, but what does that mean for the industry? The company shared that this fund and the retain defend from investors will enable it to accelerate its international expansion, grow the team and bring in raw partners. MoonPay ‘s longterm mission is to increase cryptocurrency entree to the adjacent 1 billion people by 2030.

MoonPay is best known for letting users leverage cryptocurrencies and NFTs with a credit rating or debit card, bank transfers or mobile wallets on Apple Pay and Google Pay. The investments have allowed the fintech startup to develop new products like NFT Checkout and MoonPay Concierge, a referral-based service for high-net-worth individuals that purchases crypto and NFTs on their behalf for a fee. For model, when actress Gwyneth Paltrow wanted a Bored Ape Yacht Club ( BAYC ) NFT she went to MoonPay and then thanked the company via Twitter .
Paltrow, who is besides the co-founder of Kinship Ventures, said in a instruction that “ Web3 is inspiring the entertainment industry, and commerce in general, to reimagine the way we create community, connect with fans, build rate and manage intellectual place. ”

Rapper Post Malone even promoted MoonPay in his music television for “ One Right now ” with The Weeknd by purchasing a BAYC NFT via the app onscreen. In addition to the music television, Malone recorded his purchase of two Bored Apes for a combined 160 Ether ( ETH ), worth approximately $ 682,000, in TikTok videos sponsored by MoonPay. apart from actors and artists, athletes like Paul George, a seven-time NBA All Star and Olympic Gold Medalist, recognized that “ Crypto and NFTs will be key to maximizing the commercial enterprise of professional sports as we look ahead. ”

Related:  High-profile athletes are spending huge amounts on NFTs: Here’s why When asked how MoonPay plans to onboard the global to Web3, MoonPay ‘s steer of communications Justin Hamilton told Cointelegraph that the ship’s company is “ Laser-focused on helping foster a healthy ecosystem of partners with reliable requital infrastructure. ” He added that the best way to foster adoption is by “ Empowering creators to own their IP and have greater control on their creative end product and fiscal support. ” sol army for the liberation of rwanda, 10 million customers across 160 countries have processed close to $ 3 billion in transactions via MoonPay through more than 250 spouse sites, including and OpenSea, according to the company .

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Category : Coin

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