Gwyneth Paltrow, Matthew McConaughy, Questlove In $87M MoonPay Investment Cluster

MoonPay followed up a $555 Million Series A with a star studded funding round, where Brie Larson, Gwyneth Paltrow, and Gal Gadot were present too.
MoonPay made an announcement that they have joined many other celebrities in offering $86.7 Million in the fundraiser.
MoonPay was discovered back in 2019, and has witnessed a rapid growth since, back in December, it piled up $555 Million in a funding round.

More Stars In MoonPay Skies

What does Gwyneth Paltrow, Questlove and Matthew McConaughy have in common? Well, surely they have appeared in “The Tonight Show” and as of now, they are all investors in MoonPay too.

MoonPay made an announcement today that 3 have joined Paris Hilton, Eva Longoria, Gal Gadot, Brie Larson, Ashton Kutcher’s Sound Ventures, Justin Beiber, Steve Aoki, and others in offering $86.7 million in funding to payments infrastructure organization. And hell yeah, Ian McClane aka Bruce Willis pitched in there too.

As per MoonPay, strategic investors exhibit sectors on cusp of change by Web3 technology.

As Gwyneth Paltrow — who already promotes Bitcoin transactions attribute for Cash App — put it in a press release, Web3 is encouraging the entertainment sector as well as commerce in general, to redefine the way we make community, connect with fans, develop value and handle intellectual property.

Steve Aoki, who is developing his brand through metaverse and Ethereum NFTs, stated, it will not be sufficient to launch a latest NFT drop and hope it works, folks need to participate more, and Web3 is the way to accomplish it.

Also Read: Metaverse For Children: Epic Games Piles Up $2 Billion From LEGO and Sony

MoonPay Going Up and Up

MoonPay, which was discovered back in 2019, has witnessed a constant rise. Back in December 2019, it jacked up $555 Million in a Series A funding round led by Tiger Global Management and Coatue, escalating its total net worth to $3.4 Billion. The service claims to have 10 million users across 160 nations.

Its basic utility is that, it blends in with other cryptocurrency services to let folks acquire digital assets with a debit or credit card. The service processes NFT transactions for biggest NFT marketplace OpenSea and is likely known for offering celebrity buying of Bored Apes.

It also facilitates acquisition on Bitcoin(dot)com, and transactions for several other platforms. If you’ve ever tried to acquire a token which isn’t available on Coinbase or other prime exchanges, chances are you are gonna find it on MoonPay.

That ubiquitousness and simplicity in its usage is accurately what plenty of investors have observed.

Creative Artist Agency’s co-founder, Michael Ovitz, which also represents numerous named investors, touted MoonPay’s technology, stating that it reduces the obstacles of entry to the cryptocurrency economy.