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Transak Enables Fiat Purchases on VeChain NFT Marketplace

Transak, a global web3 payment and onboarding infrastructure provider, has teamed up with VeChain’s Marketplace-as-a-Service (MaaS) platform. This partnership brings fiat-to-NFT purchases to over 160 countries with a low purchase limit of just $0.01.

VeChain NFT Marketplace fiat conversion with Transak.
Source: Coinbackyard

Key Takeaways

  1. Global Access: Transak’s collaboration with VeChain’s Marketplace-as-a-Service (MaaS) platform expands fiat-to-NFT purchases to over 160 countries, with a minimal purchase limit of just $0.01.
  2. Gresini Racing’s Debut: Gresini Racing, in partnership with Transak, becomes one of the first to offer its NFTs on the VeChain platform. This ensures a seamless checkout process for Gresini Racing’s web2-native community, fostering easier engagement with NFTs.
  3. Simplified NFT Marketplace: VeChain’s MaaS platform addresses the demand for simplified NFT marketplace tools. This allows easy listing of both digital and physical products without requiring coding skills, facilitating broader adoption of NFTs.
  4. Enhanced Fan Engagement: The collaboration between Transak and VeChain opens up new avenues for fan engagement and monetization for sports clubs like Gresini Racing. With Transak’s Web3-gaming-focused NFT Checkout solution, fans can participate in exclusive offerings with ease.
  5. Bridging Motorsports and Web3: Alessandro Raboni, Head of Growth at Transak, highlights the partnership’s significance in bridging motorsports with the ownership-driven internet economy.
  6. Seamless NFT Purchases: Transak’s NFT Checkout solution allows fans to effortlessly purchase NFTs using various payment methods. It promotes accessibility and enhances fan engagement within the motorsport community.
  7. Introduction of ‘Phygitals’: The partnership introduces ‘Phygitals’, blending physical and digital assets through NFC technology. It offers fans a more immersive experience that combines tangible memorabilia with digital enhancements.
  8. Future Adoption: Ben Moran, Product Manager at the VeChain Foundation, anticipates wider adoption of the Marketplace-as-a-Service platform.
  9. Accessibility Initiative: Transak is trusted by over 350 applications including MetaMask and Coinbase Wallet. It aims to make web3 applications more accessible through its suite of services, contributing to the broader adoption of blockchain technology.
  10.  VeChain’s Vision: VeChain, headquartered in San Marino, Europe, continues its mission of driving real-world adoption of blockchain technology. Through its VeChainThor smart contract platform, it focuses on building digital ecosystems for global sustainability and digital transformation.

Gresini Racing, in collaboration with Transak, is among the first to offer its NFTs on the VeChain platform. This move ensures a straightforward checkout process for Gresini Racing’s predominantly web2-native community.

VeChain’s MaaS platform was introduced to meet the growing demand for simplified NFT marketplace tools. It allows for both digital and physical product listings without the need for coding skills.

For sports clubs like Gresini Racing, this development opens exciting possibilities for fan engagement and monetization on a global scale.

Alessandro Raboni, Head of Growth at Transak, expressed excitement about the partnership. He emphasized its significance in bridging motorsports with the ownership-driven internet economy.

With Transak’s NFT Checkout solution, fans can effortlessly purchase NFTs. They are using various payment methods, promoting accessibility, and enhancing fan engagement in motorsports.

The partnership also introduces ‘phygitals’, blending physical and digital assets through NFC technology, providing fans with a more immersive experience.

Ben Moran, Product Manager at the VeChain Foundation, hailed the launch of Marketplace-as-a-Service as a significant achievement, aiming for wider adoption in the future.

Transak, relied upon by more than 350 applications, including MetaMask and Coinbase Wallet, is dedicated to enhancing the accessibility of web3 applications through its comprehensive range of services.

VeChain, headquartered in San Marino, Europe, drives real-world adoption of blockchain technology through its VeChainThor smart contract platform, focusing on building digital ecosystems for global sustainability and digital transformation.

May 1, 2024 at 9:00 am

Updated May 1, 2024 at 9:00 am

Disclaimer

Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)

FAQ

The VeChain NFT Marketplace, powered by VeChain's Marketplace-as-a-Service platform, allows users to seamlessly list and trade NFTs without the need for coding skills.

Transak integrates with the VeChain NFT Marketplace to provide a fiat-to-NFT purchase gateway, enabling transactions from over 160 countries with minimal purchase limits.

'Phygitals' blend physical and digital assets through NFC technology, offering an immersive experience by combining tangible memorabilia with digital enhancements.

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