OpenSea, the world’s leading NFT marketplace, has partnered with MoonPay, a global payments platform, to enable users to purchase NFTs directly with fiat currency, such as US dollars and euros. This integration aims to simplify the NFT purchasing process and broaden the accessibility of NFTs to a broader audience.
Previously, users were required to convert their fiat currency into cryptocurrency before purchasing NFTs on OpenSea. This additional step often posed a barrier for new users or those unfamiliar with cryptocurrency exchanges. MoonPay’s integration eliminates this hurdle, allowing users to seamlessly purchase NFTs using their preferred payment methods, including credit cards, debit cards, and bank transfers.
In a statement, OpenSea CEO and co-founder Devin Finzer said they are excited to partner with MoonPay to make buying and selling NFTs easier.
MoonPay’s CEO, Ivan Soto-Wright, echoed Finzer’s enthusiasm, stating that he believes NFTs can revolutionise how people own and interact with digital assets. He added that the partnership with OpenSea will play a key role in making this vision a reality by making NFTs more accessible and user-friendly.
The integration between OpenSea and MoonPay marks a significant step forward in the NFT space, removing a major barrier to entry for new users and expanding the potential audience for NFTs. This collaboration is expected to further accelerate the growth and adoption of NFTs, bringing them to a broader audience and unlocking their transformative potential.
OpenSea is the world’s leading NFT marketplace, where users can buy, sell, and discover unique digital assets. The platform offers various NFTs, including collectables, art, and gaming. OpenSea has a vibrant community of creators, collectors, and users shaping digital ownership’s future.
MoonPay is a global payment platform that simplifies buying and selling cryptocurrencies. The platform supports various fiat currencies and payment methods, making it easy for users to convert their fiat currency into crypto or vice versa. MoonPay is committed to providing a seamless and secure experience for its users.
Coatue Management, a tech investment firm based in the United States, has made major changes to the value of its investments in non-fungible token (NFT) platform OpenSea and Web3 payment provider MoonPay. #coatue #CoatueManagement #NFThttps://t.co/IbAAihCYDO pic.twitter.com/nIN1KiXw8x
— BitcoinWorld Media (@ItsBitcoinWorld) November 8, 2023
