Gwyneth Paltrow has made the news yet again, this time for purchasing an NFT rather than releasing a problematic product. Paltrow joined the Bored Ape Yacht Club group thanks to the groundbreaking MoonPay, which allowed her to do so without having to buy cryptocurrencies first.
Reports concerning the American actress and entrepreneur are nothing new to her. She’s famed for her Goop candle, which smells like, well, let’s just call it her flower. Paltrow has decided to join the BAYC bandwagon after stepping away from her more avant-garde endeavours.
The Golden Globe winner confirmed her membership in the BAYC on Twitter. NFT collections is a household name. Paltrow went on to say that this transaction was made possible via MoonPay, a software business that has made significant inroads into the crypto sector.
MoonPay recently found a way to let NFT buyers continue their purchases without having to first invest in bitcoin. MoonPay’s new technology lowers fees, streamlines the verification process, and sends tokens to on-chain wallet addresses. This not only makes things easier for collectors today but also opens up the market to a whole new demographic of credit and debit card users.
These new updates may have convinced Gwyneth Paltrow, albeit this has not been confirmed. She just expressed gratitude to the business for the transaction. BAYC has shown to be a great decision, as they continue to lead the market. The popularity of NFTs has exploded, attracting people from all walks of life, including celebrities. Finally, it is projected that more celebrities would invest in NFTs and share the art they amass.