MoonPay Partners With Fox, Universal Pictures to Introduce NFT Platform
MoonPay partnership with Fox Corporation, Universal Pictures, and Death Row Records to establish a non-fungible token platform.
HyperMint will allow companies and people to mint millions of digital collectibles a day by using blockchain technology.
CNBC, Ivan Solo Wright CEO of MoonPay announced that HyperMint's aim is to enable agencies, enterprises, and large brands to join the NFT sector by releasing their digital artwork.
“The potential of NFTs goes beyond collecting; it’s the utility. You can essentially program anything into these NFTs over time, which is why we decided to focus on this new product offering. That’s actually making this shift possible; to go beyond collectability and program utility into these NFTs, and there needs to be enterprise-grade tooling,” he commented.
MoonPay allows users to buy and sell cryptocurrencies using bank transfers, credit cards, or mobile wallets like ApplePay and Google Pay, Despite the current grim condition of the digital asset market, Soto Wright remains bullish stating this phase is part of its nature.
“It’s been a rough few months for crypto. I’ve seen many of these different cycles before. I’ve seen this movie. There’s always going to be periods of volatility. It’s a brand new asset class, and we have a brand new subset of that asset class, which is NFTs.”
MoonPay reached an $87 million fundraiser led by numerous celebrities, including the former tennis champion Maria Sharapova, the Canadian singer Justin Bieber, Hollywood actor Bruce Willis and the rapper Snoop Dogg.
MoonPay had interacted with many other stars through the years and has often slood as people were buying NFTs.
MoonPay created a poll on Twitter where a user could "guess" who the actual owner of the digital artwork was Predictions ranged from popular basketball players to the renowned chef Gordon Ramsay.