Cryptocurrency

MoonPay Partners With Mogul Productions To Drive Crypto Payment Adoption in Entertainment Industry

Providing film fans with the ability to use credit cards in the purchase of NFTs.

Cryptocurrency

MoonPay Partners With Mogul Productions To Drive Crypto Payment Adoption in Entertainment Industry

Providing film fans with the ability to use credit cards in the purchase of NFTs.

Mogul Productions, a community-based film fan platform, announced on Thursday, May 26 that it has partnered with MoonPay to continue the adoption of cryptocurrency payments in the entertainment industry. The DeFi and NFT entertainment brand which launched in 2019 has garnered massive support in the Web3 space.

Through its partnership with MoonPay, Mogul Productions will be able to offer simplified credit card payment options that film fans can utilize to buy NFTs.

“In the same way the internet became a means to democratize information, cryptocurrency is becoming a means to democratize financial participation at scale,” said Laura Gomez Rojas, Business Development Manager at MoonPay, adding, “we are delighted to be partnering with the team at Mogul to help onboard more people from the world of entertainment into the world of Web3.”

The entertainment industry as a whole has begun to rapidly embrace Web3, NFTs, and community lead productions. Recently, Cannes held its first-ever NFTCannes Summit, a physical and digital experience powered by a coalition of groups including Electromagnetic Productions, Galaxy Interactive, OP3N, and blockchain platform Avalanche. The event featured conversations surrounding the growing intersections between entertainment and Web3 technologies.

Other recent applications of NFT technology in the entertainment space include instances like Coinbase’s planned film trilogy with the Bored Ape Yacht Club that will allow members of the NFTs community to participate as part of its cast. Additionally, Phil Gelatt’s Netflix series Love, Death, and Robots, released interactive NFT quests for its viewers to participate in.

In related news, Animoca Brands partners with Planet Hollywood to create a film-themed metaverse “MetaHollywood.”

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