Mastercard has announced that it is bringing its payments network to Web3 and non-fungible tokens (NFTs).
In a potentially critical moment for cryptocurrency and the blockchain, Mastercard will enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Gift Gateway and Web3 infrastructure provider MooPay.
This is a major play from the credit card giants, which means that all their card holders will be able to purchase NFTs without buying crypto or dealing with crypto wallets.
The move by Mastercard comes after they had conducted a survey of over 35,000 people in 40 countries and found that 45% had purchased an NFT or would consider doing so.
Interestingly, this news follows Visa’s recent announcement of their NFT Creator Program launch.