By leveraging the program, the company will automatically aim to develop white glove aid for all the people that require assistance in buying nonfungible tokens (NFTs).
Since NFTs are on a roll in the blockchain space nowadays, most firms can be seen jumping on the NFT bandwagon and offering virtual collectibles as products. Crypto payments network firm MoonPay is now offering a “soulbound” NFT loyalty program for its users.
Soulbound assets are non-transferable tokens that depict an individual’s identity using blockchain technology. Also known as a Web3 Passport, the token will give its owner admission to premiere events. The firm has planned to launch it at Art Basel in Miami.
The benefits of this program would be linked with ticketing for fashion, sports, art, music, and entertainment, which is presented early in the coming year. The company currently has more than 10 million customers, all confirmed clients who can be available for the passport program, with more levels to be added in the coming years.
By leveraging the program, MoonPay will also try to develop white glove aid for people who require assistance in buying NFT. For the last several months, enterprises have gone to huge extents to streamline themselves with large-named labels making significant raids into web3.
Earlier this year, the FinTech Company partnered with Universal Studios to set up an NFT-based scavenger hunt at its Universal Theme Parks. For this hunt, Park guests were not needed to possess any kind of Crypto knowledge, or even hold a crypto wallet to claim their nonfungible tokens.
In June 2022, it also inaugurated Hypermint, a service that lets brands mint 100 Million virtual tokens concurrently. Universal Pictures, the United States film studio that shadowed Universal Theme Parks was one of Hypermint’s official launch partners.
Based on a statement by MoonPay Chief Executive Officer, the firm is eventually becoming American Express. Not only does the company offer strong payment solutions, networks, and platforms, but also experiences and luxuries which make it unique.
MoonPay alleges to have been prosperous since it unveiled the platform in 2019. Its services are now used by over 10 million clients in at least one hundred and sixty countries. Early this year, MoonPay added over 60 celebrity investors to its balance sheet including big and popular names like Snoop Dogg, Justin Bieber, Ashton Kutcher, and Gwyneth Paltrow.
In general, the new investors added over $87 million into its originally confirmed $555 million funding round led by Coatue and Tiger Global, estimating the company’s valuation at $3.4 Billion. In the future, MoonPay has major plans to use the money to initiate novel products and use some funds on expansion.
