MoonPay landing on its feet

By Scoop
June 22, 2022 · less than 3 min read

Launching a new NFT platform called HyperMint, the crypto start-up is partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records.  

Making a mint 

All aboard the NFT train. Or, if we’re talking MoonPay: All aboard the NFT rocket? Either way, the crypto start-up is shooting for the stars in its latest move with NFTs.  

MoonPay CEO, Ivan Soto-Wright, has long been a big believer in the power of the non-fungible token. “The potential of NFTs goes beyond collecting; it’s the utility,” he told CNBC. “You can essentially program anything into these NFTs over time, which is why we decided to focus on this new product offering.”  

More than a token gesture 

So, what is MoonPay’s big move? The firm is launching a new NFT platform, HyperMint, and honestly – the name is a pretty accurate description. Rather than the months it has previously taken on the blockchain to mint NFTs, HyperMint will enable large brands and agencies to scale up their operations, minting hundreds of millions of NFTs a day.  

MoonPay has got some serious players on board. Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records are all in the picture, and with the world’s biggest brands climbing aboard, it could be time to start believing the hype.  

Since 2018, MoonPay has allowed users to buy and sell cryptocurrencies using conventional payment methods. And despite the recent crash in crypto, Soto-Wright is still all-in. After all, MoonPay is already used by more than 10 million customers in 160 countries, with celeb investors like Justin Bieber, Gwyneth Paltrow and Ashton Kutcher on its balance sheet. No one likes a quitter – and with HyperMint on the way, it looks like Ivan ain’t a quitter. 

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