NFT
Web3 infrastructure agency MoonPay made its first acquisition, scooping up inventive studio Nightshift for an undisclosed quantity.
Nightshift, primarily based in Toronto, will rebrand to Otherlife by MoonPay within the wake of the deal, based on an organization launch.
Having first began as a fintech, providing a method to purchase crypto merchandise with fiat forex, MoonPay has made a play for the NFT house during the last 12 months. In June, it launched Hypermint, a service that lets manufacturers mint as much as 100 million digital belongings without delay.
The corporate partnered with leisure big Common Footage to roll out an NFT-based scavenger hunt for Common Studios park goers in September. It additionally created a passport-like NFT venture for unique entry to web3 conferences throughout December’s Artwork Basel in Miami.
CEO Ivan Soto-Wright has beforehand characterised the corporate’s journey as “turning into extra like an American Categorical.”
“You’ve gotten an clearly strong funds community and platform. However you then even have all of the experiences. And so I feel that is sort of how we see us bridging each of those elements of our enterprise,” he advised The Block in a earlier interview.