This Crypto Firm Raises $87 Million From Justin Bieber, Maria Sharapova, Others

Moonpay counts singer Justin Bieber (left), tennis star Maria Sharapova and others as investors.

Cryptocurrency payments startup MoonPay has raised $87 million from over 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of non-fungible tokens (NFTs) in content creation and fan engagement Huh. spreads out.

Moonpay said on Wednesday that the investment is part of the company’s Series A round, disclosed in November last year, that valued the company at $3.4 billion.

So far this year, more than 600 crypto startups have seen over $12.5 billion in venture capital funding, according to Alex McDougall, managing director of fund manager 3iQ Digital Assets.

CEO Evan Soto-Wright said Moonpay, which provides payment infrastructure for crypto and NFT transactions, expects content creators to increasingly use NFTs to market their work and connect with fans. will do.

NFTs are a type of crypto asset that uses blockchain technology to record who owns a digital file, which can be an image, a video or a text.

Other investors in the company include rapper Aubrey Drake Graham and Adele Future Noor’s company DreamCrew, Gwyneth Paltrow-led Kinship Ventures, Ashton Kutcher, the Guy Ossery-backed venture capital firm Sound Ventures, singer Abel Tesfaye, known as The Weeknd, and his manager Known as Amir. Esmelian.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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