MoonPay officially launches utility NFT minting service HyperMint By MManoylov
launch marks another step in the company's manoeuvre to create a full suite for brands that wish to release their own digital assets, in an attempt to become what it previously called the"Amazon Web Services for NFTs."
Companies already signed up include Fox Corporation, Creative Artists Agency , Universal Pictures, Death Row Records, the United Kingdom-based luxury store Selfridges, lifestyle and gaming platform FaZe Clan and music producer Timbaland’s Beatclub. MoonPay emphasized that these digital assets would be utility tokens, which are distinct from security tokens. Security tokens must be registered with regulatory bodies such as the United States’s Securities and Exchange Commission.
HyperMint’s launch comes at a time when many of the most popular NFT projects have experienced considerable fSoto-Wright believes NFTs will become buffered from broader market conditions due to their use cases.
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