MoonPay is partnering with Universal Pictures, Fox and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
Crypto start-up MoonPay is partnering with Universal Pictures, Fox Corporation and Snoop Dogg's Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
The new platform enables large brands, agencies, and enterprises to mint hundreds of millions of NFTs a day, scaling up an operation that previously took months using blockchain technology. Cryptocurrencies, which NFT purchases are made using, have suffered steep selloffs in recent trading, pushing some crypto players into financial difficulty.and Snoop Dogg's Death Row Records, among other brands, to launch a new NFT platform called HyperMint.
The new platform enables large brands, agencies, and enterprises to mint hundreds of millions of NFTs a day, scaling up an operation that previously took months using blockchain technology. It's being formally announced later on Tuesday during a keynote that MoonPay CEO Ivan Soto-Wright is giving at Radio City Music Hall as part of this week's NFT.NYC conference in New York City.
The platform and its underlying technology present a big opportunity for legacy brands like Universal and Fox that are sitting on decades of intellectual property.
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