Blockchain and Crypto, Member Exclusive

Will Circle’s new payments platform bring NFTs into the mainstream?

  • Circle has launched an NFT payments platform that accepts credit card as well as crypto payments.
  • Will this help NFTs to reach a more mainstream audience?
close

Email a Friend

Will Circle’s new payments platform bring NFTs into the mainstream?

Non-fungible tokens (or NFTs, as they are more commonly known) can be used to buy and sell various forms of digital creative work including visual art, music, trading cards and sports collectibles. Virtual marketplaces such as OpenSea, Rarible and SuperRare enable creators, artists and musicians to digitally license and manage the distribution of their content, and to earn a share of the profits every time it is sold. Platforms such as RAIR are now also looking to use NFTs for digital rights management.

SPONSORED

 

Twitter and Square CEO Jack Dorsey sold his first-ever tweet as an NFT for nearly $3 million, and iconic auction house Christie’s has sold digital artist Beeple’s NFT art piece for $69 million. So far in 2021, investors have already poured $90 million into NFTs and digital collectibles – almost triple the $35 million invested in the entire year of 2020. Within the last 3 months alone, the overall market cap of the major NFT marketplaces has risen by 1785%, from $23 million at the beginning of 2021 to $432 million near the end of March.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Will Circle’s new payments platform bring NFTs into the mainstream?”

Member Exclusive

‘With Square Banking, we’ve reimagined the financial system for small business owners’: Square launches Square Banking

  • Square received an industrial bank charter.
  • Now the financial technology firm has released a suite of saving, payments, money movement, and financing products.
Zachary Miller | July 21, 2021
Member Exclusive

Industry expects open banking will have the greatest impact in retail banking

  • Survey respondents believe open banking will have the greatest impact on retail banking.
  • The study surveyed 785 professionals at global financial institutions and banks.
Shehzil Zahid | July 20, 2021
Member Exclusive

Gemini plans to offset Bitcoin carbon emissions with the launch of Gemini Green

  • Gemini has purchased carbon credits worth $4 million to prevent over 340,000 metric tons of carbon from entering the atmosphere.
  • The initiative will offset Gemini’s share of non-renewable Bitcoin energy consumption since the beginning of this year.
Ismail Umar | July 14, 2021
Member Exclusive

Young consumers are feeling anxious about their finances. Could digital banking be a stress reliever?

  • An ethnographic study by Finastra looked into consumers' emotional mindset when it comes to their finances.
  • Anxiety seems to be pretty high among younger consumers. In their case, digital banking solutions could help ease the stress.
Rivka Abramson | July 08, 2021
Data Snacks, Member Exclusive

On the road, OppFi attempts to differentiate itself from the lending models of Affirm, Katapult, and Upstart

  • Consumer lending apps may blend together but when you look at them, there are marked differences.
  • Affirm, Katapult, OppFi, and Upstart weren't all created equal.
Zachary Miller | July 06, 2021
More Articles