Crypto firm MoonPay raises $87m from Justin Bieber, Maria Sharapova, others
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Friday
July 01, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
FRIDAY, JULY 01, 2022
Crypto firm MoonPay raises $87m from Justin Bieber, Maria Sharapova, others

Global Economy

Reuters
13 April, 2022, 10:25 am
Last modified: 13 April, 2022, 10:36 am

Related News

  • EU agrees rules to tame 'Wild West' crypto market
  • Crypto crash threatens N Korea's stolen funds as it ramps up weapons tests
  • Cryptoverse: Ether holds its breath for the lean, mean 'merge'
  • Crypto's latest meltdown leaves punters bruised and bewildered
  • Crypto volatility knocks more stablecoins off their peg

Crypto firm MoonPay raises $87m from Justin Bieber, Maria Sharapova, others

Reuters
13 April, 2022, 10:25 am
Last modified: 13 April, 2022, 10:36 am
Photo: Collected
Photo: Collected

Cryptocurrency payments startup MoonPay has raised $87 million from more than 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 expands.

The investments are part of the firm's Series A round, disclosed in November last year which valued the company at $3.4 billion, MoonPay said on Wednesday.

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

MoonPay, which provides payment infrastructure for crypto and NFT transactions, expects content creators to increasingly use NFTs to market their work and engage with fans, chief executive officer Ivan Soto-Wright said.

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

Other investors in the company include rapper Aubrey Drake Graham and Adel Future Nur's company Dreamcrew, Gwyneth Paltrow-led Kinship Ventures, Ashton Kutcher, Guy Oseary-backed venture capital firm Sound Ventures, singer Abel Tesfaye, better known as The Weeknd and his manager Amir Esmailian.

World+Biz

MoonPay / crypto industry / Crypto market / Crypto Currency / Justin Beiber / Maria Sharapova / Snoop Dogg

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Evaly: Justice stuck within a server password
    Evaly: Justice stuck within a server password
  • Fewer cattle, buyers mark 1st day of Eid cattle sales in Chattogram
    Fewer cattle, buyers mark 1st day of Eid cattle sales in Chattogram
  • There is no 'back to normal' after Covid
    There is no 'back to normal' after Covid

MOST VIEWED

  • Photo: Collected
    Ukraine requests Turkey detain Russian-flagged ship it says carrying Ukrainian grain
  • A man counts Pakistani banknotes along a roadside in Islamabad, Pakistan, November 16, 2017. REUTERS/Faisal Mahmood
    Indian rupee hits record lows despite cenbank intervention
  • A general view of Two International Finance Centre (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. Photo :Reuters
    Hong Kong-mainland trade surges more than sixfold in 25 years
  • There is no 'back to normal' after Covid
    There is no 'back to normal' after Covid
  • The exterior of the New York Stock Exchange. Photo: Reuters
    US stocks see worst first half drop since 1970
  • Employees work on the production line during an organised media tour to a Schneider Electric factory in Beijing, China February 17, 2022. REUTERS
    Factory data dampen global 'soft landing' hopes

Related News

  • EU agrees rules to tame 'Wild West' crypto market
  • Crypto crash threatens N Korea's stolen funds as it ramps up weapons tests
  • Cryptoverse: Ether holds its breath for the lean, mean 'merge'
  • Crypto's latest meltdown leaves punters bruised and bewildered
  • Crypto volatility knocks more stablecoins off their peg

Features

Photo: Collected

Sapiens – A Graphic History 

10h | Book Review
Black-naped Monarch male  Photo: Enam Ul Haque

Black-naped Monarch: A sovereign who never abandoned the Indian subcontinent

11h | Panorama
The 136-year-old company on its last legs

The 136-year-old company on its last legs

12h | Features
Agricultural worker walks between rows of vegetables at a farm in Eikenhof, south of Johannesburg, South Africa. Photo: Reuters

With vast arable lands, why is Africa dependent on imported grain?

9h | Panorama

More Videos from TBS

Dhaka University celebrating 102nd founding anniversary today

Dhaka University celebrating 102nd founding anniversary today

10h | Videos
Ctg Int'l Trade Fair returns after a 2-year hiatus without Covid restrictions

Ctg Int'l Trade Fair returns after a 2-year hiatus without Covid restrictions

10h | Videos
Bangladeshis among top 6 nationalities seeking asylum in Europe

Bangladeshis among top 6 nationalities seeking asylum in Europe

11h | Videos
RUET organises Robotronics 2.0

RUET organises Robotronics 2.0

11h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

4
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

5
Photo: Courtesy
Corporates

Gree AC being used in all parts of Padma Bridge project

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Workers with minimum safety equipment are busy producing iron rods at a local re-rolling mill at Postogola in Old Dhaka. Reused metals from the adjacent shipyards in Keraniganj have played a major role in establishing several such mills in the area. PHOTO: Mumit M

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net