Cryptocurrency payments company MoonPay has partnered with NFT marketplace LooksRare to enables traders to acquire crypto and non-fungible tokens on the platform.
MoonPay wishes to help LooksRare customers onboard to Web3 via its infrastructure. The crypto company will provide a range of services to enable well-organized transactions. Its NFT Checkout product enables NFT collectors to buy tokens with debit or credit cards without having to acquire crypto first. Also, MoonPay users will be able to buy LOOKS, which is the native token of the NFT marketplace.
According to MoonPay’s Senior Business Development Manager, the company wished from the beginning to become a platform that enables usability and access to the Web3 community and, MoonPay states, this latest partnership is part of its vision.
In November 2021, MoonPay secured USD 555 million and, since then, the company has invested in strategies to facilitate easier cryptocurrency payments to enable users to onboard to the Web3 ecosystem. In June 2022, MoonPay started to collaborate with Mastercard to enable customers to use credit cards for NFT purchases.
LooksRare is an Ethereum-based NFT marketplace. The company made headlines in January 2022 after it recorded USD 1 billion in volume of sales, a week after it rolled out.