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On Thursday, fiat-to-crypto onramp business Moonpay announced a multi-year partnership with non-fungible token (NFT) marketplace Looksrare. According to the agreement, Looksrare will allow marketplace users to buy and sell crypto assets through Moonpay’s services.
Moonpay, the fiat-to-crypto service founded in 2019, revealed that it has partnered with NFT marketplace, Looksrare. Launched in August 2022, Looksrare was one of the first NFT marketplaces to actively reward traders with its own token, LOOKS. According to dappradar.com statistics as of February 9, 2023, since its inception, NFT marketplace Looksrare has recorded $1.7 billion in sales.
According to an announcement sent to Bitcoin.com News, Moonpay is introducing an NFT checkout integration with Looksrare that allows anyone to buy NFTs with a credit card. “Checkout will be available for all primary and secondary sales on Looksrare,” according to the Moonpay announcement. “With the NFT checkout integration, Looksrare users will be able to easily purchase an NFT with a debit or credit card, eliminating the need to acquire cryptocurrency first.”
“We are excited to become an exclusive partner of Looksrare and offer their users more opportunities to buy and sell their cryptocurrency,” said Oliver Jeffcott, senior business development manager at Moonpay in a statement Thursday. “From day one, we’ve wanted Moonpay to be a platform that increases access and usability for the Web3 community, and this partnership is another step in driving that vision,” Jeffcott added.
NFTs have experienced a resurgence in 2023, and in the last 30 days, $1.067 billion in sales have been recorded among 342,452 NFT buyers. Looksrare, in terms of all-time sales, is just below Opensea, but it has faced increased competition since the launch of X2Y2 and Blur. Blur has recorded $1.19 billion in all-time NFT sales, and X2Y2 has had $1.11 billion in sales since inception.
What do you think of the collaboration between Moonpay and Looksrare? Let us know what you think about this topic in the comments section below.
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