MoonPay just announced a new collaboration with OpenSea. This collaboration will allow OpenSea to leverage MoonPay’s NFT Checkout to provide improved access to NFTs to OpenSea users.
Simply said, customers will soon be able to purchase NFTs on OpenSea with their bank cards, Apple Pay, and Google Pay.
Currently, Opensea customers need to use crypto assets like Ethereum (ETH) to buy NFTs on the marketplace platform. The fluctuation of cryptocurrency prices frequently has a significant impact on the purchasing of digital collectibles.
OpenSea intends to address this issue by allowing customers to select their preferred payment method, resulting in a potential increase in sales.
OpenSea is the premier NFT marketplace on the web, and collaborations like these will only help to reinforce its preeminence over time.
After exceeding the $10 billion mark in sales last November, OpenSea announced in January that investors valued the startup at $13.3 billion in its Series C investment round, a significant increase over the startup’s $1.5 billion assessment in its $100 million Series B disclosed last July.