Crypto Payment Firm MoonPay Buys CryptoPunk NFT

There’s been loads of crypto information on the flip of the 12 months, with the NFT market persevering with to go from energy to energy.
Non-Fungible Tokens, extra generally generally known as NFTs, are each particular person and distinctive. The key attribute, subsequently, is that they can’t be copied or duplicated. This very attribute has made NFTs significantly fashionable inside the arts and leisure world.
What is MoonPay?
Launched in 2019, MoonPay helps the shopping for and promoting of cryptos. Users can seamlessly trade cryptos and fiat utilizing credit score and debit card in addition to cost platforms similar to Apple Pay and Google Pay.
In addition to cryptocurrencies, MoonPay has additionally moved into the NFT area. The transfer is a strategic one, with MoonPay seeking to seize NFT market share.
Last November, MoonPay was within the information after elevating $555 million in Series A funding to take the corporate’s worth to $3.4bn.
NFT Market News
There’s been no scarcity of NFT information on the flip of the 12 months. Recent exercise suggests one other growth 12 months for the NFT market.
Just this week, Quinten Tarantino introduced that the deliberate sale of Pulp Fiction NFTs are to go forward, which is able to probably be a draw loads of purchaser curiosity. Sports and NFTs have additionally joined forces, with the NBA and the NFL getting into the NFT area.
While Pulp Fiction and Quinten Tarantino getting into the NFT area is massive information, and sports activities together with tennis additionally drawing loads of curiosity, CryptoPunks continues to be one of the crucial fashionable NFTs on the NFT market.
MoonPay Buys CryptoPunks
News hit the wires this morning of MoonPay shopping for NFT CryptoPunk #2681 for 900 ETH, equal to roughly $3m. To date, MoonPay has reportedly been targeted on objects from the market entrance runner Bored Ape Yacht Club assortment. MoonPay has been buying NFTs for celeb shoppers, which is aligned with its NFT market technique.
In December 2021, Pak’s “The Merge” formally turned the most costly NFT ever bought at $91.8m. 28,983 collectors pooled collectively to buy “The Merge”. Until December, the most costly NFT had been Beeple’s collage titled “Everydays: the First 5000 Days”. The NFT was bought by a single collector for $69.3m.
At the flip of the 12 months, OpenSea reportedly noticed 2022 buying and selling quantity surge over $700m, pushed by the “bored Ape mania NFT frenzy”. The report famous that OpenSea noticed a document buying and selling quantity excessive of $225.8m on third January alone.

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