As NFTs continue their meteoric rise, Circle is at the forefront of providing essential crypto-native financial services for the next generation of NFT marketplaces.
NBA Top Shots, the latest Dapper Labs success story with more than $260 million in transaction volume over the last 30 days, is just one example of how Circle infrastructure can bridge the divide between crypto collectibles and mainstream users for NFT marketplaces.
With Circle infrastructure, NFT storefronts can offer traditional or crypto payment options to create a seamless user experience for NFT collectors, and use the Circle Account to manage a dynamic treasury built for Web3.
“This is not only an important and valuable trend for marketplaces and creators, it represents incredible demand from customers – for collectibles, artwork, moments, and really anything that can be tokenized on the blockchain,” Jeremy Allaire, Circle Co-founder and CEO
Circle will offer even more support for NFT partners in the coming months:
- Payments and payouts using Bitcoin (BTC) and Ethereum (ETH), for truly crypto-native marketplace experiences
- Storage, custody, and transfer services for NFT collectibles with best-in-class custody providers, seamlessly linked to NFT markets
- Treasury and yield services, enabling returns on idle working capital via crypto capital markets
Stablecoins like USDC are quickly becoming the currency of choice for NFT marketplaces aiming to capture the growing wave of mainstream users, while staying true to their crypto-native roots.
And Circle will continue to partner and build with the leading NFT projects, developers, and brands to bring seamless customer experiences and world-class financial infrastructure to the next generation of Web3 pioneers.
“People are very much ready for digital collectibles, and Circle looks forward to supporting the industry – creators, platforms, marketplaces, storefronts and customers – with our solution for enabling a user-friendly, mainstream payments experience with the power of crypto connectivity and USDC," Jeremy Allaire, Circle Co-founder and CEO
*Service offered through Circle International Bermuda Limited. Offering subject to business approval, geographical availability, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe, or to a specific customer group or geography. Service offered through Circle International Bermuda Limited. It is anticipated that Circle International Bermuda Limited will enter into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC. You should carefully conduct your own investigations and analyses in connection with any participation in this product, including its objectives, risk factors, fees, and expenses and the information set forth in these materials. All prospective participants in the products described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Rates are purely indicative and are subject to change pending availability, approval and market conditions. Additional information is available upon request.