NFT Marketplace LooksRare And MoonPay Expand New Partnership

Key Points:

• LooksRare announced a collaboration with MoonPay.
• The integration of NFT Checkout, MoonPay’s system that enables anybody to purchase NFTs with a credit card, is another future aim for the cooperation. On LooksRare, NFT Checkout will be accessible for all primary and secondary sales.
• Through MoonPay, users will be able to purchase and trade cryptocurrencies like LOOKS, ETH, and wETH.

The non-fungible token (NFT) marketplace LooksRare and Web3 payments company MoonPay are collaborating to make it simple for users to buy both cryptocurrencies and NFTs on the site.

The integration of NFT Checkout, MoonPay’s system that enables anybody to purchase NFTs with a credit card, is another future aim for the cooperation. The companies announced on Thursday that NFT Checkout would be accessible for all primary and secondary sales on the marketplace.

The infrastructure of MoonPay will assist in converting LooksRare users to Web3 and provide a range of goods to speed up transactions. Through its “NFT Checkout,” collectors may buy NFTs without first acquiring cryptocurrencies by using a debit or credit card.

Oliver Jeffcott, Senior Business Development Manager at MoonPay, stated:

“We’re excited to become an exclusive partner to LooksRare and offer their users more opportunities to buy and sell their cryptocurrency. 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.”

On the Ethereum mainnet, LooksRare is a decentralized, community-focused NFT marketplace. The platform gained notoriety in January 2022 by producing more than $1 billion in sales volume in only one week after being live.

It attained this early success in part by giving its native token LOOKS as an airdrop to each OpenSea user who had spent more than 3 ETH in the second half of 2021, as well as by providing users with alluring incentives. Compared to other secondary markets, LooksRare stands out because traders receive LOOKS as compensation and all platform costs are used to fund stake rewards.

Through MoonPay, LooksRare users will be able to purchase and trade cryptocurrencies like LOOKS, ETH, and wETH.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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