MoonPay launches Web3 Tools to help brands enter the crypto space

ChainCatcher news, according to The Block, blockchain payment infrastructure company MoonPay has announced the launch of Web3 Tools, a platform designed to help brands provide consumers with a streamlined Web3 experience. Web3 Tools offers a comprehensive set of features, including authentication, token gating, ticketing, and insights, enabling brands to build communities, foster loyalty, and unlock new revenue streams. The new platform has assisted global brands such as Adidas, Gucci, Puma, and Mastercard in implementing Web3 initiatives.

MoonPay stated that it developed Web3 Tools using technology acquired through the acquisition of the NFT solution ethpass, as well as previously undisclosed acquisitions of Plex Labs and Nifty's.