On Thursday, fiat-to-crypto company Moonpay announced a multi-year partnership with NFT (non-fungible token) marketplace Looksrare. Under the agreement, Looksrare will enable customers of the marketplace to purchase and promote crypto assets via Moonpay services.
Moonpay and Looksrare Unite to Streamline NFT Transactions
Moonpay, the fiat-to-crypto service established in 2019, revealed that it has teamed up with NFT market Looksrare. Launched in August 2022, Looksrare was one of the first NFT marketplaces to actively reward merchants with its token, LOOKS. According to statistics from dappradar.com as of February 9/2023, the Looksrare Marketplace has recorded total sales of $1.7 billion since its launch.
In response to Moonpay’s announcement, an announcement was sent to Bitcoin.com News that Looksrare is now able to integrate NFT payments, allowing anyone to buy NFTs without a credit card. “Payment will be available for all primary and secondary sales on Looksrare,” said Moonpay’s Senior Business Development Manager, Oliver Jeffcott. “With the NFT payment integration, Looksrare users will be able to easily purchase an NFT with a debit or credit card, eliminating the need to purchase cryptocurrency first.”
“We are excited to become an exclusive partner of Looksrare and offer its users more opportunities to buy and sell their cryptocurrency,” added Jeffcott. “Since day one, we have wanted Moonpay to be a platform that increases access and ease of use for the Web3 community and this partnership is another step in furthering that vision.”
NFTs experienced a resurgence between 2023 and 2023. Over the last 30 days, 342,452 NFT buyers have made $1.067 billion in total sales. By all-time sales, Looksrare is just under Opensea, but it has faced increased competition since the launch of X2Y2 Blur. Blur has recorded $1.19 billion in NFT sales all-time, while X2Y2 has made $1.11 billion in sales since its launch.
What do you think of the partnership between Moonpay and Looksrare? Please let us know your thoughts on the matter in the comments section below.
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