Mastercard has announced that it’s teaming up with several non-fungible token (NFT) marketplaces to “bring its payments network to Web3,” making it possible to purchase NFTs with its debit and credit cards.

According to a blog post, the NFT marketplaces partnering with Mastercard include Immutable X, Candy Digital, The Sandbox, Mintable, Spring and Nifty Gateway, as well as Web3 infrastructure provider MoonPay. The integration will enable users to purchase NFTs in an “easier and safer” manner by using their cards, rather than crypto, to complete the transaction.

Combined, these marketplaces “generated more than $25 billion in sales in 2021—from art to sports to video games to collectibles to metaverse platforms,” according to Mastercard.

“We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ NFT marketplaces or using their crypto services,” said Raj Dhamodharan, Executive Vice President of Digital Asset Blockchain Products & Partnerships at Mastercard.

According to Dhamodharan, with 2.9 billion Mastercard cards issued worldwide, “this change could have a big impact on the NFT ecosystem.”

More flexibility for users

Mastercard also argued that by adding support for…

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