NFT Inspect and MoonPay Partner to Allow Twitter Users to Purchase NFTs and Cryptocurrencies
NFT Inspect, a popular tool for analyzing non-fungible tokens (NFTs), has partnered with Web3 infrastructure company MoonPay to allow users to purchase NFTs and cryptocurrencies through its Chrome browser extension.
Crypto Startup MoonPay Accused of Gifting NFTs to Celebrities Without Payment, Facing Class-Action Lawsuit
Sources claim that MoonPay, a crypto startup with a $3.4 billion valuation and celebrity backing, gave valuable NFTs to some of its celebrity clients without payment. Celebrities such as Justin Bieber, Madonna, and Gwyneth Paltrow promoted MoonPay's services after receiving Bored Ape Yacht Club NFTs, but MoonPay denies giving them away for free.
MoonPay insiders cash out $150M during Series A raise, including CEO Ivan Soto-Wright
MoonPay's co-founder and CEO Ivan Soto-Wright was among the insiders who received $150 million during the crypto payment startup's Series A raise in November 2021, according to an anonymous source cited by The Information. The Series A saw MoonPay raise $555 million at a valuation of $3.4 billion, with investors such as Tiger Global Management and Coatue Management participating. However, some of the funds were used to buy shares from existing shareholders like Soto-Wright. Following the funding round, Soto-Wright purchased a $38 million mansion in Miami, which he has used to host lavish parties.
Alo Yoga Launches In-Store NFT Claim for Free Daily Mindfulness Collectibles
Alo Yoga, a retailer of clothing and accessories with many locations in the United States, has partnered with MoonPay, a crypto payments firm, to offer an in-store NFT claim. Customers can receive free digital collectibles with daily affirmations by tapping their smartphones against a terminal at the checkout counter. The NFTs are centered around mindfulness and provide access to mental health resources. Alo Yoga is covering all minting fees to make the process accessible to everyone, and the NFTs may offer future benefits such as token-gated access to events or exclusive sales.
Hashflow Integrates with MoonPay to Enable Debit/Credit Card Purchases and Crypto Trading in 160 Countries
The exchange will support popular assets such as ETH, USDC, USDT, and DAI, among others.
Entendre Finance Raises $4 Million in Seed Funding for Automated Web3 Accounting Solution
Entendre Finance, a NYC-based automated end-to-end accounting and bookkeeping solution for businesses operating in Web3, raised $4M in seed funding. The round was led by Basis Set with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.
Ethereum Name Service Teams Up with MoonPay to Create Fiat On-Ramp for .eth Domain Purchases
The Ethereum Name Service (ENS) is collaborating with MoonPay, a Web3 payments firm, to build a fiat on-ramp for users interested in purchasing an .eth domain name. This partnership will allow users to buy and register their .eth domain using MoonPay as a payment service, eliminating the need to purchase ether (ETH) and set up a<i> </i>crypto wallet.
Trust Wallet Partners With MoonPay and Ramp for Off-Ramp Integration
Trust Wallet has partnered with Moonpay and Ramp Network to allow its users to convert their cryptocurrency into fiat currencies within the app, enabling a smoother off-ramp experience. Trust Wallet, which has over 60 million users, aims to allow users to move in and out of crypto solely through their self-custody wallet, without relying on a centralized exchange. The wallet will offer discounts to users who have above 100 Trust Wallet Tokens to reduce off-ramp fees. Trust Wallet's CEO said the partnership will allow users to choose between simple, centralized custodial solutions and more secure, non-custodial solutions.
MoonPay Has Dismissed Dozens of Staff, While Denying Those Cuts Are Layoffs
MoonPay, a cryptocurrency payment infrastructure provider, has clarified that some of its staff are leaving the company voluntarily and that there are no layoffs. The article notes that the clarification comes after rumors circulated on social media that the company was experiencing financial difficulties and was being forced to lay off staff.
