{"id":47205,"date":"2022-04-13T06:17:52","date_gmt":"2022-04-13T06:17:52","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=89984"},"modified":"2022-04-13T06:17:52","modified_gmt":"2022-04-13T06:17:52","slug":"global-music-sports-media-entertainment-heavyweights-invest-87-million-in-moonpay","status":"publish","type":"post","link":"https:\/\/southafricatribune.com\/global-music-sports-media-entertainment-heavyweights-invest-87-million-in-moonpay\/","title":{"rendered":"GLOBAL MUSIC, SPORTS, MEDIA &amp; ENTERTAINMENT HEAVYWEIGHTS INVEST $87 MILLION IN MOONPAY"},"content":{"rendered":"<h4 align=\"center\">More than 60 high profile strategic investors believe Web3 will transform art, fan engagement, intellectual property &amp; creative value<\/h4>\n<p>USA, April 13, 2022 (GLOBE NEWSWIRE) &#8212;\u00a0<strong>APRIL 13th, 2022 &#8212; MIAMI:<\/strong>\u00a0\u00a0Today,\u00a0<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DN1XMSIDw9-Jmx-Ew6wac-p198GaKxsPXchUKwLGaMCRL7GuZgWJf5YrQJGBAY2ELRkTkXh5RWwHOsUloYdAYVA%3D%3D&amp;source=gmail-html&amp;ust=1649917014843000&amp;usg=AOvVaw0KPZS46eNu7IhwpP4EhZKj\"  rel=\"nofollow noreferrer\">MoonPay<\/a>, the leading global crypto payments infrastructure provider, announced that more than 60 influential figures and organizations from the worlds of music, sports, media &amp; entertainment have collectively invested $87 million in the company. The strategic investors represent industries on the cusp of transformation by Web3 technology, which is changing the way creatives, artists, and athletes approach art, fan engagement, and intellectual property management.<\/p>\n<p>Named investors include the following (in alphabetical order by first name):<\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<ul>\n<li>Anthony Kiedis of the\u00a0 Red Hot Chili Peppers<\/li>\n<li>Ashton Kutcher and Guy Oseary\u2019s Sound Ventures<\/li>\n<li>Austin Rosen\u2019s Electric Feel Ventures<\/li>\n<li>BLOND:ISH<\/li>\n<li>Brent Faiyaz &amp; Jayne Andrews,Ty Baisden<\/li>\n<li>Brie Larson*<\/li>\n<li>Bruce Willis<\/li>\n<li>Connect Ventures<\/li>\n<li>David Grutman<\/li>\n<li>Dimitri Vegas &amp; Like Mike<\/li>\n<li>Diplo<\/li>\n<li>Drake &amp; Adel &#8216;Future&#8217; Nur&#8217;s Dreamcrew<\/li>\n<li>Eric Eisner*<\/li>\n<li>Eva Longoria<\/li>\n<li>Gal Gadot<\/li>\n<li>Gee Roberson<\/li>\n<li>G-Eazy<\/li>\n<li>Gibson Hazard<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Gwyneth Paltrow &amp;<br \/>\nMoj Mahdara&#8217;s Kinship Ventures<\/li>\n<li>James Corden<\/li>\n<li>Jamil Davis and Matt Bauerschmidt&#8217;s Revels Group Ventures<\/li>\n<li>Jason Derulo<\/li>\n<li>Justin Bieber<\/li>\n<li>K5 Global<\/li>\n<li>Kate Hudson<\/li>\n<li>Katie McGrath*<\/li>\n<li>Kevin and Rick Yorn&#8217;s BroadLight Capital<\/li>\n<li>Kimberly Blackwell*<\/li>\n<li>Larry Gagosian<\/li>\n<li>Lil Baby<\/li>\n<li>Lil Durk<\/li>\n<li>Marc Benioff\u2019s TIME Ventures<\/li>\n<li>Marcy Venture Partners<\/li>\n<li>Maria Sharapova<\/li>\n<li>Matte Babel<\/li>\n<li>Matthew McConaughey<\/li>\n<li>Michael Ovitz<\/li>\n<li>Mindy Kaling*<\/li>\n<li>Nancy Twine*<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Palm Tree Crew<\/li>\n<li>Paris Hilton<\/li>\n<li>Paul George<\/li>\n<li>PLUS Capital<\/li>\n<li>Post Malone<\/li>\n<li>Questlove*<\/li>\n<li>Ryan Tedder of One Republic<\/li>\n<li>Sam Feldt<\/li>\n<li>Scooter Braun<\/li>\n<li>Shailene Woodley*<\/li>\n<li>Shawn Mendes, FEWOCiOUS &amp; Andrew Gertler\u2019s AG Ventures<\/li>\n<li>Shay Mitchell<\/li>\n<li>Snoop Dogg &amp; Nick Adler, Karan Wahder, Champ Medici<\/li>\n<li>Stacey Bendet*<\/li>\n<li>Steve Aoki &amp; Matt Colon<\/li>\n<li>The Chainsmokers&#8217; Mantis VC<\/li>\n<li>The Weeknd &amp; Amir \u201cCash\u201d Esmailian<\/li>\n<li>Trina Spear*<\/li>\n<li>Yara Shahidi, Keri Shahidi, Afshin Shahidi*<\/li>\n<li>Zoe Salda\u00f1a*<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>* Kinship Ventures LP<\/em><\/p>\n<p><strong>From Entertainment:<\/strong><\/p>\n<p>&#8220;NFTs and Web3 technology will revolutionize the business of entertainment,\u201d said Michael Ovitz, co-founder at CAA, and former President at The Walt Disney Company.\u00a0 \u201cConsumers are seeking new ways to consume entertainment and engage with their favorite creators \u2014 and the creators themselves want different ways of owning and sharing their creative output. MoonPay is helping to power that change as it lowers the barrier of entry to the crypto economy, and I\u2019m excited to join them on that journey.\u201d<\/p>\n<p>&#8220;Web3 is inspiring the entertainment industry, and commerce in general, to reimagine the way we create community, connect with fans, build value and manage intellectual property,&#8221; said Gwyneth Paltrow, Co-Founder of Kinship Ventures. \u201cWe are excited to invest in MoonPay because we believe their technology is best positioned to make participating in cryptocurrency more accessible.\u201d<\/p>\n<p>\u201cCrypto and NFTs are critical components in the growth and development of the creator economy,\u201c said Guy Oseary, Co-Founder of Sound Ventures. \u201cAs creators more consciously carve out their space and communities in Web3, MoonPay\u2019s innovative platform is a bridge between the status quo and the future. MoonPay is an accelerator for industry-changing ideas, and I\u2019m excited to see what comes next.\u201d<\/p>\n<p><strong>From Sports<\/strong><\/p>\n<p>\u201cIn the ever-changing sports landscape, it\u2019s important to keep an eye toward the future,\u201d said Paul George, seven-time NBA All Star and Olympic Gold Medalist. \u201cCrypto and NFTs will be key to maximizing the business of professional sports as we look ahead, and I\u2019m excited to be a key contributor as one of MoonPay\u2019s strategic investors.\u201d<\/p>\n<p><strong>From Music<\/strong><\/p>\n<p>\u201cNFTs and Web3 are the next frontiers of where music is going,\u201d said Steve Aoki, Grammy-nominated DJ, producer, and founder of A0K1VERSE. \u201cWhether you\u2019re a musician or a creator, this technology will expand your reach and the way you connect with fans more deeply. It won\u2019t be enough to release new drops and hope it works; you\u2019ve got to be way more participatory. Web3 makes that possible. I\u2019m excited to invest in MoonPay because I think they will play a vital role in moving all of this forward.\u201d<\/p>\n<p>\u201cWeb3 is radically changing the way we approach the business of entertaiment, sports and music,\u201d said Ivan Soto-Wright, CEO and Co-founder of MoonPay. \u201cHollywood is using smart contracts and blockchain technology to assert their creative intellectual property rights. Major global sports franchises have used digital tokens and NFT collectibles to transform fan engagement. And recording artists are beginning to explore how NFTs can give them more control over royalty rights. These are the underpinnings of a creator economy renaissance. And our strategic investors are helping to lead that movement. We&#8217;re honored to work with them to help onboard the world to Web3.\u201d<\/p>\n<p><strong>Notes to Editors<\/strong><\/p>\n<p>MoonPay\u2019s suite of payments infrastructure products provides a seamless way for people to buy and sell cryptocurrencies and NFTs. It brings the easy-to-use experience consumers have come to demand from traditional e-commerce to Web3. Ten million customers across 160 countries have processed close to $3 billion in transactions on the MoonPay platform through more than 250 partner sites, including Bitcoin.com and OpenSea.<\/p>\n<p>MoonPay\u2019s $555 million Series A financing round led by Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA valued the company at $3.4 billion. The funding has allowed MoonPay to grow its global footprint through new products like NFT Checkout and MoonPay Concierge, and through new partnerships with leading organizations like OpenSea, Michael Jordan\u2019s \u201cHeir Jordan,\u201d Tom Brady\u2019s Autograph, and FaZe Clan.<\/p>\n<p><strong>About MoonPay<\/strong><\/p>\n<p><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DN1XMSIDw9-Jmx-Ew6wac-jPtqVi9aw6Nakl6C_wFJwuC2v1ysNB2qdhzRNjHiZ1iCXkhOmwiuNCHBQPtI5v5UA%3D%3D&amp;source=gmail-html&amp;ust=1649917014843000&amp;usg=AOvVaw2sc3ly5TvZarsXpTiOBgxO\"  rel=\"nofollow noreferrer\">MoonPay<\/a>\u00a0is the world\u2019s leading global crypto payments infrastructure provider. Leading marketplaces worldwide are providing their users with a simpler way to buy and sell NFTs using MoonPay\u2019s industry-first NFT Checkout solution, which allows the purchase of NFTs instantly with a credit or debit card. The company is active in more than 160 countries and is trusted by 250+ leading wallets, websites, and applications.<\/p>\n<p>For more information, visit:\u00a0<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DxZIZ2FGeaIZzbsO3YMaWC0kKB0MxNiCl-Hg8gnnMUuwJcA97omxSu5V1stgY-vP5FTvUVLVoEPZj6Vkp94SRFp4n4BDXwbota2wJHs0QdPk%3D&amp;source=gmail-html&amp;ust=1649917014844000&amp;usg=AOvVaw1ibEs5nHmDcQ0MekYAPjx9\"  rel=\"nofollow noreferrer\">https:\/\/www.moonpay.com<\/a><\/p>\n<pre>Media\nMoonPay\n<a href=\"mailto:media@moonpay.com\"  rel=\"noreferrer\">media@moonpay.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>More than 60 high profile strategic investors believe Web3 will transform art, fan engagement, intellectual property &amp; creative value USA, April 13, 2022 (GLOBE NEWSWIRE) \u2014\u00a0APRIL 13th, 2022 \u2014 MIAMI:\u00a0\u00a0Today,\u00a0MoonPay, the leading global crypto payments infrastructure provider, announced that more than 60 influential figures and organizations from the worlds of music, sports, media &amp; entertainment [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GLOBAL MUSIC, SPORTS, MEDIA &amp; ENTERTAINMENT HEAVYWEIGHTS INVEST $87 MILLION IN MOONPAY - South Africa Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricatribune.com\/global-music-sports-media-entertainment-heavyweights-invest-87-million-in-moonpay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GLOBAL MUSIC, SPORTS, MEDIA &amp; ENTERTAINMENT HEAVYWEIGHTS INVEST $87 MILLION IN MOONPAY - South Africa Tribune\" \/>\n<meta property=\"og:description\" content=\"More than 60 high profile strategic investors believe Web3 will transform art, fan engagement, intellectual property &amp; 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