MoonPay's CEO has a new plan for generating NFT hype: donating them

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MoonPay's CEO has a new plan for generating NFT hype: donating them
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MoonPay's CEO has a new plan for drumming up NFT hype: donating them by RyanJamesWeeks

MoonPay has been brokering big ticket NFT purchases for celebrity clients since November.

“I have decided to dedicate all my NFTs and any profits from sales of my NFTs from ivanhodl to charitable causes,” he says. “The idea is to broaden and diversify access to web3. It’s about giving back, it’s about focusing on efforts that do good in the world.”Soto-Wright appears to have amassed his personal collection in less than a year, having set up the ivanhodl wallet on OpenSea in June 2021.

The hope seems to be that through auctions and other such theater, the donation program will help to drum up wider interest in the NFT market. There is no specific timeframe in place. Instead, Soto-Wright described the initiative as “continuous.”

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