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MoonPay and Aptos Labs collaborate on the integration of the Petra wallet

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Joyashree Dey Follow

INDIA

Dec, 01 2022

Dec, 01 2022

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Through integration with Petra, the cryptocurrency wallet developed by Aptos Labs, Aptos, a Layer 1 blockchain, is collaborating with web3 financial company MoonPay. the agreement will make it simpler for customers to bring new users into the Aptos ecosystem.


Bree Blazak, vice president of worldwide sales at MoonPay, stated in a press release that "integrating with the expanding Aptos ecosystem, first through the Petra wallet, is another step to deliver on our purpose."


Recently, MoonPay added the Aptos token (APT) to its platform. In October, the token began trading on exchanges at the same time as the blockchain became live on the main network.


One of the most talked-about cryptocurrency initiatives this year has been Aptos. Mo Shaikh and Avery Ching, who had both previously worked on Meta's Diem project, co-founded it. The blockchain is programmed in Move, a language that is based on Rust, which is the language used by the Solana blockchain. Meta created Move for the Diem project.


This year, investors like Binance Labs, a16z, and Multicoin Capital contributed $350 million to the firm.


MoonPay plans to collaborate with other decentralized applications on the chain after the integration with Petra. For high-net-worth individuals to purchase NFTs, MoonPay offers a number of on-and-off ramp services, a concierge service, and a self-service NFT minting platform called HyperMint . Before this, it collaborated with companies including Universal, Trezor, and Opensea.


Along with a programme to support emerging talent through an accelerator programme and hackathon, Aptos recently announced a major agreement with Google Cloud, under which the search engine behemoth would power some of the blockchain's validator nodes. 


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Joyashree Dey

CBW - External Analyst

INDIA

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