MoonPay, a leading provider of Web3 payment solutions, has joined forces with the popular NFT platform, LooksRare, to bring the world of NFTs (Non-Fungible Tokens) to the masses.
The collaboration will allow users of the NFT platform to buy and sell cryptocurrencies through MoonPay’s infrastructure, which is aimed at helping onboard LooksRare customers to Web3.
MoonPay’s suite of products will facilitate transactions for LooksRare users, including the industry-first solution, NFT Checkout. This integration will allow anyone to purchase NFTs with a debit or credit card, eliminating the need first to acquire cryptocurrency.
“From the outset, our goal at MoonPay has been to empower the Web3 community with more accessible and user-friendly solutions, and our partnership with LooksRare is another step forward in realizing that vision.”Oliver Jeffcott, Senior Business Development Manager at MoonPay.
LooksRare is a community-centric NFT platform operating on the Ethereum blockchain. The company gained significant recognition in January of 2022 when it achieved over $1 billion in sales volume in just one week following its launch.
The NFT marketplace incentivizes its users by distributing its proprietary currency, LOOKS, and allocates all platform fees towards staking bonuses. MoonPay has now made it possible for its users to acquire LOOKS tokens directly on the platform or through its partnered wallets by using either a credit card or a bank transfer.
MoonPay raised $555 million in November 2021 and has been working to make crypto payments more accessible for users to onboard to Web3.
In the middle of 2022, the company joined forces with Mastercard, granting their clients the ability to obtain NFTs directly using a credit card as payment. With the new partnership with LooksRare, MoonPay’s NFT Checkout solution will be available for all primary and secondary sales on the NFT platform.
NFTs have been experiencing a resurgence in popularity in 2023, and this partnership between MoonPay and LooksRare is expected to bring NFT purchasing to the masses.
By simplifying the purchasing process and eliminating the need for first acquiring cryptocurrency, MoonPay, and LooksRare are making NFTs more accessible to a broader customer base.
“We are thrilled to share the exciting news of our alliance with the NFT marketplace, LooksRare, as their exclusive partner, bringing a wider range of options for buying and selling cryptocurrency to their users,” Jeffcott says.
“This partnership will streamline NFT transactions and make it easier for the Web3 community to access and participate in this growing market.”
LooksRare users will now have the ability to effortlessly acquire NFTs with just a simple debit or credit card transaction thanks to the integration of NFT Checkout, simplifying the process and opening up the marketplace to a broader customer base.
MoonPay and LooksRare’s partnership will bring convenience to NFT transactions, making it easier for the Web3 community to access and participate in the NFT market.
The new partnership between MoonPay and LooksRare will bring much-needed convenience to NFT purchases for consumers. MoonPay’s NFT Checkout will streamline the buying process by eliminating the need to first purchase cryptocurrency, making NFT transactions accessible to a wider audience.
LooksRare, with its unique community-driven model, has quickly risen to prominence as a leading player in the NFT space. The platform’s reputation for fair, transparent trading and attractive user incentives makes it an ideal partner for MoonPay. This partnership will offer MoonPay users the opportunity to buy and sell NFTs on LooksRare, further expanding the reach and accessibility of Web3.
We’re thrilled to be partnering with MoonPay. Their expertise in crypto payments and their focus on usability will be a huge asset to our users. This partnership will bring much-needed convenience and ease to NFT transactions, and we’re looking forward to working with MoonPay to further our mission of making NFTs accessible to everyone.Spokesperson for LooksRare
The future looks bright for the partnership between MoonPay and LooksRare, as both companies aim to bring Web3 to the masses. MoonPay’s NFT Checkout integration and its partnership with Mastercard have already shown the company’s commitment to simplifying the buying process for NFTs. Its partnership with LooksRare will further cement its position as a leader in the space.
For LooksRare, the partnership with MoonPay provides an opportunity to further its mission of creating a fair and accessible NFT marketplace for all. The platform’s focus on transparency, user incentives, and community-driven trading make it a popular choice for NFT enthusiasts and collectors. The partnership with MoonPay will only further increase its reach and accessibility.
The partnership between MoonPay and LooksRare is a significant step in making NFT transactions easier and more accessible to consumers. MoonPay’s NFT Checkout integration will streamline the purchasing process, while LooksRare’s focus on user incentives and transparent trading will ensure that buyers and sellers can trade confidently.