OpenSea accepts credit card payments for NFTs

In early April, the NFT marketplace OpenSea announced the integration of credit card payments to allow people without a crypto wallet to purchase NFTs. People who are also looking to invest in NFT assets do not need to create a crypto wallet, which saves time and money.

On its MoonPay platform for buying and selling NFT assets, OpenSea has started accepting credit cards such as Visa, MasterCard and American Express. The platform also accepts digital wallet payments from Apple and Google Pay.

MoonPay addresses the entire NFT buyer’s journey without forcing users to leave the platform to make purchases, and its credit card integration aims to enhance NFT accessibility.

Credit card users can buy, sell and mint NFTs on MoonPay, and the recent integration will cover initial NFT drops and secondary exchanges, storing all acquired NFTs in a platform-exclusive e-wallet. form.

The news comes after OpenSea announced support for Solana Blockchain-based NFTs, which is currently the fourth blockchain to debut on OpenSea after Ethereum, Polygon, and Klaytn.

Visa also this week introduced NFT support for meta-ready companies through its NFT Creator Program, again lowering the barrier to entry for content creators and NFT companies.

Invest in Web 3.0

The Metaverse and Web3 offer great new monetization avenues for individuals and businesses. According to industry estimates, revenues from immersive virtual reality (VR) worlds could reach around $400 billion by 2025.

Additionally, many groups are investing in digital real estate on Metaverse platforms such as The Sandbox, Upworlds, and Decentraland. In November last year, digital real estate transactions hit an all-time high of US$5 million in just seven days.

Digital real estate allows groups or individuals to use virtual properties for live events, brand campaigns, social media and product presentations in a shared space owned and operated by individuals.

Notably, hip-hop legend Snoop Dogg is very open about his interest in the Metaverse. In December last year, Snoop auctioned around 122 regular and 67 premium parcels of digital real estate on The Sandbox.

The star also launched a music video in The Sandbox, sharing the immersive platform with over two million Youtube viewers.

FinaMaze, an Abu Dhabi-based digital wealth management firm, also recognized the value of the Metaverse in February after building an investment portfolio of 30 immersive technology companies and cryptocurrency opportunities totaling over $500,000.

Comments are closed.