• MoonPay has announced that it will raise $555 Million in Series A funding round. This was done November 2021.
• The remaining $87million came from public figures or celebrities involved in the music, media, and entertainment industries.
• NFTs can be a valuable tool for professional career advancement, as many household names have believed.

MoonPay raised $555million in Series A financing. It announced this news in November 2021. This brought the company’s valuation up to $3.4 billion.

MoonPay announced Wednesday that $555 Million of the total amount came from public figures or celebrities involved in music, sports, media, or entertainment.

The Series A round was led by companies such as Tiger Global Management, Coatue and Blossom Capital. However, there were many household names involved.

These names include Gwyneth paltrow, Gal Gadot and Matthew McConaughey. Paris Hilton, Snoop dogg, Justin Bieber are just a few.

According to the company, the overwhelming support of investors will allow the company to expand internationally, grow its team and bring in new partners. MoonPay will be able to fulfill their goal to provide crypto access for 1 billion people by 2023 with this support.

MoonPay is well-known because it allows users to buy crypto and NFTs via a bankcard or electronic transfer. It also offers payment options such as Apple Pay (NASDAQ::) and Google Pay (NASDAQ::) Pay.

Gwyneth Paltrow is one celebrity who has previously used the company. MoonPay allowed her to get a Bored Ape Yacht Club NF through MoonPay.

Paltrow said in a statement that “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.”

Even athletes like Paul George recognize that “Crypto and NFTs will be the key to maximizing the business of professional sports as we look ahead.”

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