Crypto startup Cryptocurrency Launch MoonPay announced on Tuesday that it has partnered with Universal Pictures. Fox Corporation, and Snoop Dogg’s Death Row Records, among others, to launch a new NFT platform called HyperMint.
Crypto startup The new platform allows brands, agencies, and large enterprises to copy hundreds of millions of NFTs daily.Expanding a process. That previously took months with blockchain technology. This was officially announced Tuesday during a keynote address by MoonPay CEO Ivan Soto-Wright at Radio City Music Hall. As part of this week’s NFT.NYC conference in New York.
Its core platforms and technologies present great opportunities for legacy brands like Universal and Fox built on decades of intellectual property.
NFTs are digital assets that represent real-world objects — such as art, music, also real estate — and cannot be replicated. In recent months, major brands across all industries. Including Coca-Cola, McDonald’s, Nike. Gucci, also the National Football League, have incorporated NFT into their marketing initiatives.
“The potential of NFT goes beyond collection; this is a utility.
“Basically, over time, you can program anything in this NFT. So we decided to focus on this new product offering,” Soto-Wright told news. “It made this change possible; In this NFT, it goes beyond the collectibility and utility of software and requires enterprise-class tools. Founded in 2018 and based in Miami, MoonPay’s software allows users to buy and sell cryptocurrencies using traditional payment methods like as credit cards, bank transfers. Or mobile wallets such as Apple Pay and Google Pay. It also sells its tech to other companies, including crypto website Bitcoin.com and the indispensable token marketplace OpenSea, a model Soto-Wright calls “crypto as a service.”
Soto-Wright previously said that the company aims to make cryptocurrencies available to the masses like video conferencing tools like Zoom make it easy to make calls over the internet.