On Tuesday, July 21st, crypto startup MoonPay announced that they would be teaming up with Universal Group, Fox Corporation, and Snoop Dogg’s Death Row Records to launch a brand new NFT platform called ‘HyperMint‘.
#NFT platform MoonPay has partnered with Universal Pictures, Fox Corporation and Snoop Dogg's Death Row Records. Together, the parties will launch the HyperMint #NFT marketplace.HyperMint Lets You Mint NFTs Quick as Lightning— Alt Crypto Gems (@AltCryptoGems) June 21, 2022
One of the most innovative features of HyperMint is its swift NFT minting process. The platform boasts the ability to mint millions of NFTs in one day. Tasks that previously took weeks, or sometimes months to complete, can now, allegedly, be done within hours. The powerful technology could prove particularly favorable among large companies with sizeable vaults of intellectual property.
MoonPay CEO Ivan Soto-Wright is planning to announce the official launch of HyperMint today during the NFT.NYC event in New York. “The potential of NFTs goes beyond collecting; it’s the utility. You can essentially program anything into these NFTs over time, which is why we decided to focus on this new product offering”, the MoonPay CEO enthused.
MoonPay Aims to Give Crypto Mass Appeal
The startup company was founded in 2018 and has already established quite the list of clients. For instance, MoonPay helped build OpenSea, and sold software to Bitcoin.com. Working with such big names has enabled MoonPay to spread the word about crypto and raise public interest. Furthermore, Soto-Wright has a vision for the integration of tokenized stocks, art NFTs and digital fashion, which would basically be an all-in-one NFT platform with a broader range of services and products than OpenSea, the leading NFT marketplace as it stands.
A Long List of Celebrities Getting Into the NFT Game
The hype surrounding this week’s NFT.NYC conference makes perfect sense, and a great number of American celebrities have already jumped on the NFT bandwagon. Illustrating this, investors including Gwyneth Paltrow, Snoop Dogg, Justin Bieber, and Ashton Kutcher have all gotten onboard with Web 3.0. Indeed, many of them have even integrated their purchased NFTs into their line of work; Seth Green is planning to use his Bored Ape in his upcoming TV show, while Snoop announced the opening of a Bored Ape-themed dessert shop in Los Angeles.
MoonPay CEO Addresses the Extreme Market Conditions
Though Bitcoin (BTC) is finally starting to bounce back after several weeks in the red, many crypto enthusiasts are still reeling from the dramatic price plunge. However, Ivan Soto-Wright has assures people that the phase of downturn is completely natural, and can even be used to build a foundation for a stronger, more resistant blockchain world: “I think it makes sense that we’re going to go through periods of price discovery and irrational exuberance. People eventually start to question the value of things and I think that’s why the shift beyond looking at NFTs as collectibles, but being able to program utility into them is going to be very, very important”.
MoonPay still sees promise in NFTs despite the crypto winter and has partnered with major entertainment brands to develop new collections https://t.co/KnbeawYCqP— Bloomberg (@business) June 21, 2022
