one The biggest complaint in the crypto world is that the technology is difficult to use.
Users usually need to download crypto wallets to move funds from one place to another or to buy NFTs.
As the ecosystem evolves, many large companies are looking to alleviate the problem through new gateways and payment solutions.
web3 infrastructure company MoonPay is teaming up with Magic Eden, one of the largest NFT marketplaces, to help make NFTs more accessible through time-honored tricks, the companies announced Monday. Did.
The web3 ecosystem “has benefited from an increasing number of active users engaging with the technology,” MoonPay’s vice president of global sales, Bree Blazak, told TechCrunch in an email. “Traditional payment options are a gateway for non-native cryptocurrency users to participate in this space.”
Navigating the world of Web3 can be difficult for many users, Zhuoxun Yin, COO and co-founder of Magic Eden, told TechCrunch. “That is why we are working closely with brands, creators and ecosystem builders to integrate tools that make it easier for users to navigate web3, attracting new users to the space and new uses for his NFTs. We are offering.”
Beyond these efforts, Magic Eden has also worked with partners to demystify the onboarding process and highlight areas of trust and safety that users know about self-management and making certain NFT purchasing decisions. Yin said it is building educational resources and content for
To that end, MoonPay, which has processed approximately $3.5 billion in transactions in over 160 countries, provides a multi-chain onboarding payment solution for the NFT platform, allowing Magic Eden users to pay with credit cards, debit cards, Apple Pay, Google Pay, etc. to purchase NFTs. .
This integration “expands the world of people who can buy these assets from hundreds of millions who own cryptocurrencies to billions who own debit and credit cards,” Blazak said. increase.
