OpenSea will no longer require crypto to purchase an NFT–a move that could attract more people to the NFT market.
OpenSea is one of the most popular marketplaces for nonfungible tokens. Buyers can now pay for NFTs using a credit card or debit card.
MoonPay, a fintech company that creates crypto payment infrastructure, announced the partnership Friday morning. MoonPay has also worked with many celebrities to facilitate Bored Ape NFT purchases. This move is similar to what NBA Top Shot did one year ago . OpenSea has also been making headlines recently with this announcement.
OpenSea revealed last month that it generated more than $5 billion in total trading volume between Ethereum and Polygon sales in January. This surpasses the previous OpenSea record of $5 billion, set in August 2021.
also confirmed this week that it will begin listing Solana NFTs in April. OpenSea has yet to list Solana NFTs. However, from the NFT marketplace posted a teaser video in which it described the move as “best kept secret” in Web3.
Solana saw a spike in trading volume following the news. NFT trading volume for Solana rose by more than 80% on March 30. The price of SOL also rose, capped off by a nearly 24% price rise in the past seven days.
OpenSea has not always had it all easy. An exploit on the NFT market saw a Bored Ape Yacht Club NFT go for $1,700 in ETH, , well below its original floor price. OpenSea users reported in February that Cool Cats and Doodle NFTs had been stolen. Devin Finzer , OpenSea CEO and co-founder, described the event to be a phishing attack.
“We don’t believe it’s connected to OpenSea. Finzer stated that 32 people have already signed malicious payloads from an attacker. Some of their NFTs were also stolen.
Last fall, OpenSea employees profited personally from buying NFTs right before they appeared on the site’s homepage. Finzer claimed that the incident was ” misframed”. Finzer also said that the incident was insider trading.
