KEY POINTS
MoonPay has revealed a new collaboration with Coinbase’s Ethereum L2 blockchain Base, aimed at simplifying non-fungible token (NFT) purchases.
This partnership means MoonPay will now be accessible within marketplaces operating within the Base ecosystem, such as OpenSea.
The integration promises swifter and more straightforward Base NFT transactions, along with bolstered security measures and support for multiple mintings.
Base was introduced by Coinbase in February 2023 with the goal of providing a secure, cost-effective, and user-friendly solution for the development of decentralized applications (dapps) on-chain.
For MoonPay, this move represents another step towards facilitating NFT purchases and expanding accessibility. In December 2023, the company introduced a streamlined checkout feature, enabling users to complete NFT purchases with just four clicks.
In pursuit of this objective, MoonPay has forged many partnerships with key industry players. In July 2023, for instance, NFT Inspect teamed up with MoonPay, enabling X (Twitter) users to buy NFTs and cryptocurrencies through its Chrome browser extension.
Among MoonPay’s other notable partners are OpenSea, Magic Eden, Sweet, NHL Breakaway, and Animoca Brands, among others.
Established in 2019, MoonPay swiftly emerged as a prominent payment provider within the crypto sphere. In 2022, the company secured $87 million in funding from over 60 notable entities spanning the music, sports, media, and entertainment sectors. Among the investors are figures like Paris Hilton, Jason Derulo, Justin Bieber, Post Malone, Kate Hudson, and Matthew McConaughey.
