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Cryptocurrency News Articles

Transak Powers Gresini's NFT Marketplace Debut on VeChain, Unlocks Global NFT Accessibility

Apr 26, 2024 at 08:04 pm

Transak will enable NFT sales for Gresini's collection on VeChain's Marketplace-as-a-Service, allowing purchases in over 160 countries using fiat currencies. Through Transak's simplified checkout process, NFT purchases become more accessible, eliminating KYC and risk compliance complexities.

Transak Powers Gresini's NFT Marketplace Debut on VeChain, Unlocks Global NFT Accessibility

Transak Powers Gresini's NFT Marketplace Debut on VeChain, Unleashing NFT Accessibility Worldwide

In a groundbreaking collaboration, Transak, the leading fiat-to-crypto payment gateway, joins forces with VeChain, the enterprise-grade blockchain platform, to revolutionize NFT purchases through VeChain's Marketplace-as-a-Service (MaaS). This partnership marks a transformative step for the Web3 industry, as it eliminates barriers to NFT ownership and opens up the digital collectibles market to a global audience.

Expanding NFT Accessibility to 160+ Countries

Transak's seamless checkout solution simplifies the NFT purchasing process, removing complex hurdles such as KYC, risk compliance, and customer support. By integrating Transak's services with VeChain's MaaS, NFT purchases become effortlessly accessible to users in over 160 countries.

This integration bridges the gap between traditional finance and the crypto realm, allowing users to purchase NFTs with fiat currency, including options such as credit cards, debit cards, and bank transfers. The minimum purchase amount of $0.01 sets a new industry benchmark, making NFTs more inclusive and affordable than ever before.

Gresini's Exclusive NFT Collection Launch

Gresini Racing, a renowned motorsports powerhouse, serves as the cornerstone partner for the Gresini x Transak collaboration. The partnership grants Gresini Racing's loyal fan base exclusive access to its first-ever NFT collection launch.

The fiat-based checkout integration empowers Gresini's supporters worldwide to acquire NFTs seamlessly, fostering a deeper connection between fans and the team. This exclusive opportunity marks a significant milestone in the convergence of Web2 and Web3, introducing innovative avenues for fan engagement and unlocking new revenue streams for sports organizations.

VeChain's Marketplace-as-a-Service: A Gateway to Tokenized Assets

VeChain's MaaS provides a comprehensive platform for tokenizing assets, catering to both businesses and individuals. Whether it's digital or physical products, MaaS simplifies the tokenization process, making these assets readily available to investors in the Web3 ecosystem.

Growing Demand for Tokenized Assets: A Simplified Onboarding Journey

The blockchain community is witnessing a surge in demand for tokenized assets, and VeChain's MaaS addresses this need by streamlining the onboarding process for real-world assets. Through its intuitive interface and user-friendly checkout experience, MaaS demystifies blockchain technology, making it accessible to a broader audience.

Industry Leaders Join Forces for Game-Changing Innovation

Alessandro Raboni, Head of Growth at Transak, expressed his excitement about the partnership: "[It] represents a significant leap in Web3 innovations as it effectively connects the world of motorsports with the new ownership-driven internet economy." Transak's NFT Checkout solution empowers fans globally to purchase NFTs effortlessly, fostering a new dimension of fan engagement in motorsports.

Echoing this sentiment, Ben Moran, Product Manager at VeChain Foundation, added: "This collaboration allows us to greatly streamline the ease of use for Gresini Racing's Motorsport fans and make the whole experience a simple and enjoyable one."

A Catalyst for Wider Adoption

The strategic partnership between Transak, VeChain, and Gresini Racing opens the doors to global participation in the NFT market. Transak's simplified checkout process, coupled with low entry barriers, enables individuals worldwide to embrace the digital collectibles phenomenon.

Gresini Racing's engagement with the Web3 community serves as a testament to the potential for sports teams to adopt blockchain technology. This collaboration sets a precedent for future partnerships, paving the way for wider adoption and innovation across the sports industry.

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Other articles published on Jan 10, 2025