Justin Bieber, Gwyneth Paltrow invest in crypto startup MoonPay – CNBC

Additional celeb investors include the Chainsmokers, Drake, Eva Longoria, Jason Derulo, Kate Hudson, Paris Hilton, Matthew McConaughey, Mindy Kaling, Questlove and Shawn Mendes, among others.

NFTs are digital assets that represent real-world objects — such as art, music and real estate — and can’t be replicated.

“A lot of them have venture capital portfolios, a lot of them have their own independent ventures, and we came to them saying ‘we can help you understand opportunities around Web3, crypto and the metaverse,'” said Soto-Wright.

Cryptocurrencies are notoriously volatile, however, and that has affected even the most well-known players in the space.

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