Moon Pay officially launches the NFT platform - Coinnounce
Moon Pay, which provides payment infrastructure to crypto companies, has launched its new service, Hyper Mint, which allows brands to print up to 100 million NFTs simultaneously.
This new service allows brands and creators to attach images, music, videos, or other metadata.
MoonPay CEO Ivan Soto-Wright stated, “If you are Dolce & Gabbana, Selfridges, or Death Row Records, why take your intellectual property and list it on a secondary platform first? You may want to control that issuance yourself.”
HyperMint came when many NFT projects experienced price drops during the crypto bear market.
Soto Wright believes NFTs will become buffered from overall market conditions due to their use cases.
MoonPay’s pitch to investors is that it offers a “gateway” to digital assets. For now, that includes bitcoin, ether, and other digital tokens like NFTs. The recent market volatility and risk-off investor environment hasn’t been kind to crypto trading, but Soto-Wright’s vision is to expand the platform to include everything from digital fashion to tokenized stocks (1)
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