Cryptocurrency company MoonPay has raised a whopping $87 million from high-profile investors including singer Justin Bieber, rapper Snoop Dogg and tennis player Maria Sharapova.
Celebrities, movie stars and sports stars are finding new and innovative methods of investing. The most recent trend that has taken over is investing in cryptocurrency.
Earlier this week, crypto company MoonPay revealed that it managed to raise a staggering $87 million from investors. Most of those investors were actors or sports stars. Former tennis player Maria Sharapova has now also joined the crypto bandwagon.
It is believed that Tennis icon Maria Sharapova is one of the latest investors in the MoonPay company. The five-time Grand Slam winner, along with Justin Beiber, Snopp Dogg, Bruce Willis and others have helped raise funds for the crypto company in the form of non-fungible tokens (NFTs) in content creation and fan engagement expands.
MoonPay is a company that provides payment infrastructure for crypto and NFT transactions. However, it expects content creators to increasingly use NFTs to market their work and engage with fans. With the help of Sharapova and other celebrities, this is how the company can achieve its goals.
An NFT(Non-Fungible Token) is a type of crypto asset that uses blockchain technology to record who owns a digital file. The asset could be in the form of an image, a video or a text. This is a new territory for investors, which can possibly lead to a new future. Especially for someone like Maria Sharapova, who drew curtains on her tennis career in 2020.
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