In November 2021, MoonPay introduced a $555 million Collection A financing spherical that introduced the crypto fee platform’s valuation to $3.4 billion. On Wednesday, the fintech firm revealed that $87 million of the entire $555 million got here collectively from greater than 60 public figures and celebrities within the music, sports activities, media and leisure industries.
Whereas the Collection A spherical was led by corporations like Tiger World Administration and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm and NEA, the next family names are additionally thought of strategic buyers: Gwyneth Paltrow, Maria Sharapova, Eva Longoria, Gal Gadot, Matthew McConaughey and Bruce Willis. Different “business VIPs” like Ashton Kutcher, Justin Bieber, Snoop Dogg, Paris Hilton and Steve Aoki are all already deeply concerned throughout the crypto and nonfungible token (NFT) area.
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The corporate shared that this funding and the continued assist from buyers will allow it to speed up its worldwide enlargement, develop the group and usher in new companions. MoonPay’s longterm mission is to extend cryptocurrency entry to the subsequent 1 billion folks by 2030.
Excited to rework the best way creatives, artists & athletes method
Artwork
Fan engagement
⚖️Mental property administrationWith the assistance of our new strategic buyers. pic.twitter.com/sfeH1Hhibh
— MoonPay (@moonpay) April 13, 2022
MoonPay is finest identified for letting customers buy cryptocurrencies and NFTs with a credit score or debit card, financial institution transfers or cell wallets on Apple Pay and Google Pay. The investments have allowed the fintech startup to develop new merchandise like NFT Checkout and MoonPay Concierge, a referral-based service for high-net-worth people that purchases crypto and NFTs on their behalf for a price. For instance, when actress Gwyneth Paltrow wished a Bored Ape Yacht Membership (BAYC) NFT she went to MoonPay after which thanked the corporate through Twitter.
Joined @BoredApeYC prepared for the reveal? Thanks @moonpay concierge pic.twitter.com/gzm1JQEHHF
— Gwyneth Paltrow (@GwynethPaltrow) January 26, 2022
Paltrow, who can also be the co-founder of Kinship Ventures, stated in an announcement that “Web3 is inspiring the leisure business, and commerce usually, to reimagine the best way we create neighborhood, join with followers, construct worth and handle mental property.”
Rapper Put up Malone even promoted MoonPay in his music video for “One Proper Now” with The Weeknd by buying a BAYC NFT through the app onscreen. Along with the music video, Malone recorded his buy of two Bored Apes for a mixed 160 Ether (ETH), price roughly $682,000, in TikTok movies sponsored by MoonPay.
Aside from actors and artists, athletes like Paul George, a seven-time NBA All Star and Olympic Gold Medalist, acknowledged that “Crypto and NFTs can be key to maximizing the enterprise {of professional} sports activities as we glance forward.”
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When requested how MoonPay plans to onboard the world to Web3, MoonPay’s head of communications Justin Hamilton instructed Cointelegraph that the corporate is “Laser-focused on serving to foster a wholesome ecosystem of companions with dependable fee infrastructure.” He added that the easiest way to foster adoption is by “Empowering creators to personal their IP and have higher management on their inventive output and monetary assist.”
To this point, 10 million prospects throughout 160 international locations have processed near $3 billion in transactions through MoonPay via greater than 250 companion websites, together with Bitcoin.com and OpenSea, in keeping with the corporate.
