MoonPay declares US$87 million investment from influential figures, organisations

KUALA LUMPUR, April 14 (Bernama) -- MoonPay, the leading global crypto payments infrastructure provider, has announced that over 60 influential figures and organisations from the music, sports, media & entertainment worlds have collectively invested US$87 million in the company. (US$1 = RM4.222)

The strategic investors represent industries on the cusp of transformation by Web3 technology, which is changing the way creatives, artistes, and athletes approach art, fan engagement, and intellectual property management.

“Hollywood is using smart contracts and blockchain technology to assert their creative intellectual property rights,” said MoonPay CEO and Co-founder, Ivan Soto-Wright in a statement.

“Major global sports franchises have used digital tokens and NFT collectibles to transform fan engagement. And recording artistes are beginning to explore how NFTs can give them more control over royalty rights.

“These are the underpinnings of a creator economy renaissance. And our strategic investors are helping to lead that movement. We're honoured to work with them to help onboard the world to Web3.”

Among the named investors include Anthony Kiedis of the Red Hot Chili Peppers; Ashton Kutcher and Guy Oseary’s Sound Ventures; Bruce Willis; Drake & Adel 'Future' Nur's Dreamcrew; G-Eazy; Gwyneth Paltrow & Moj Mahdara's Kinship Ventures; Kate Hudson; and, Lil Baby.

Also included Marcy Venture Partners; Maria Sharapova; Matthew McConaughey; Paris Hilton; PLUS Capital; Post Malone; Sam Feldt; Scooter Braun; Shailene Woodley; Shay Mitchell; and, The Chainsmokers' Mantis VC, among others.

MoonPay’s suite of payments infrastructure products provides a seamless way for people to buy and sell cryptocurrencies and NFTs. It brings the easy-to-use experience consumers have come to demand from traditional e-commerce to Web3.

More details at https://www.moonpay.com.

-- BERNAMA