According to Moonpay, the non-fungible token (NFT) marketplace Opensea aims to use the company's payment infrastructure to take credit card payments. The decision comes on the heels of Opensea's recent declaration of support for Solana, which brought the company's total sales volume to $23.5 billion.
Users of Opensea will soon be able to pay for NFTs with a credit card, according to Moonpay.
According to a tweet from the startup Moonpay, Opensea visitors will soon be able to pay using credit cards if they do not possess any crypto assets. Moonpay explained on Friday, "Sail the Opensea with your card." "You'll be able to buy NFTs using Visa, Mastercard, Apple Pay, Google Pay, and other payment methods soon," the company noted.
To acquire NFTs on the Opensea marketplace platform, consumers must currently utilize crypto assets such as ethereum (ETH). Going future, the Moonpay integration will alter that, and Opensea visitors will be able to pick from a variety of payment choices.
Moonpay has recently aided celebrities in purchasing high-end NFT assets such as Bored Ape Yacht Club artifacts. The business assisted Wiz Khalifa, an American rapper, in acquiring Bored Ape #1506 and Madonna, the 'Queen of Pop,' in acquiring Bored Ape #4988 for $564K in ether.
Moonpay secured $555 million in its first funding round, headed by Tiger Global and Coatue, at the end of November. Moonpay's entire valuation increased to $3.4 billion after the cash inflow from investors. The money will be used to expand the firm, the corporation declared at the time.
Opensea, the biggest NFT marketplace, recently announced its support for the blockchain network Solana (SOL). The announcement comes after a flurry of rumors, conjecture, and leaked photos suggested that Opensea will soon add support for the SOL and Phantom wallets.
Opensea is the most successful NFT project and marketplace, with total transactions of $23.5 billion since the market's launch. The NFT marketplace Lookrare ($18.16 billion) follows Opensea in terms of sales volume, however Lookrare's sales total has been disputed due to reported wash trading. According to a recent study report issued by Chainalysis, NFT wash trading is a problem.
Since its start, Opensea has seen 1,417,562 trades, and the platform now supports three blockchain networks: Polygon, Klaytn, and Ethereum. In terms of blockchain protocol support, the recently announced SOL addition will be Opensea's fourth blockchain.
Source: bitcoin.com
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