Music, sports, and entertainment VIPs invest $87 million in MoonPay
MoonPay is thrilled to announce that more than 60 influential figures and organizations from the worlds of music, sports, media, and entertainment have collectively invested $87m in their company.
More than 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of non-fungible tokens (NFTs) in content creation and fan engagement expands.
These strategic investors represent industries that are poised to be massively transformed by Web3 technology.
MoonPay’s co-founder and CEO, Ivan Soto-Wright said:
“Web3 is radically changing how we think about creating value.” “We’re on the cusp of a creative crypto renaissance, and our strategic investors are helping to lead that movement. We’re honored to work with them to help onboard the world to Web3.”
The funding is part of their historic $555 million Series A financing round, which valued us at $3.4bn and has helped us forge partnerships with leading organizations like OpenSea, Michael Jordan’s “Heir Jordan,” Tom Brady’s Autograph, and FaZe Clan.
It has also allowed them to significantly grow their global footprint by launching products such as NFT Checkout, our NFT solution that allows users to purchase an NFT instantly with a credit or debit card, and MoonPay Concierge, which is helping high-profile individuals buy NFTs.
MoonPay wants to bring about a future in which Web3 not only goes mainstream, but is also leveraged by creatives, artists, and athletes to reap the full rewards of their work. Today’s announcement is proof that these industry leaders trust their vision.
About MoonPay
MoonPay launched in 2019 with a simple aim: to increase cryptocurrency adoption. With a team of just two young entrepreneurs — co-founders Ivan Soto-Wright and Victor Faramond — the company set out to create a simple and secure software solution that would enable people from all over the world to participate in the biggest digital revolution since the internet.
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