Uplift DAO teams up With MoonPay to simplify investing in Web3 projects

Web3 momentum continues to gain steam despite the ongoing global economic slowdown and looming recession in Europe and the US. Just last week, Uniswap Labs raised $165 million in funding to expand into NFTs and Web3 as investors continue to pour cash into the space.

The ongoing crypto winter has done little to slow down investments in Web3 projects. Now, another tech startup is aiming to make it easier for everyone to invest in Web3 projects.

Today, Uplift DAO, the cross-chain crypto launchpad offering crowdfunded support for disruptive web3 projects, is teaming up With MoonPay to simplify investing in Web3 projects. With the tie-up, Uplift DAO established integration with MoonPay, the leading web3 infrastructure company. The partnership will make it simpler for users to invest in new and exciting web3 initiatives using traditional payment methods.

Web3 is a new iteration of the Internet that incorporates decentralization based on blockchain technology. Unlike Web 2.0 where data and content are centralized in the hands of Big Tech companies, Web3 revolves around the idea of decentralization and incorporates the use of blockchain technologies, such as various cryptocurrencies and non-fungible tokens (NFTs).

Working together, Uplift and MoonPay are breaking down one of the major barriers for investors joining the web3 space. While web3 and cryptocurrency have moved out of infancy, the process of entering web3 and using cryptocurrency can still be incredibly complex for outside users. Many would-be investors — retail and institutional — who look at challenges such as high entry barriers and ease of use and decide to invest in projects that use traditional fiat or more accessible payment methods, keeping out of Web3 completely.

With MoonPay, Uplift is setting a new standard for investing in crypto and Web3 projects, providing a simple on-ramp for anyone to buy and sell crypto using familiar fiat payment methods. MoonPay’s payments infrastructure provides a seamless and easily understood experience to investors. MoonPay converts between fiat, cryptocurrency and non-fungible tokens (NFTs), supporting all major payment methods, including debit and credit cards, local bank transfers, Apple Pay and Google Pay.

Through this partnership, Uplift makes it possible for people to buy and stake to purchase 100+ virtual assets natively on the platform with minimal fuss and, enabling them to invest in dozens of the exciting, early-stage IDO projects on Uplift’s launchpad. What’s more, users can get involved with Uplift’s projects with as little as $100, further lowering the barrier to entry into the world of web3 early investing.

“Our industry needs capital to continue to evolve. Our partnership with Uplift will make it even simpler for people to get involved in financing projects they believe in and reap the benefits of the growth of web3,” said Oliver Jeffcott, senior business development manager at MoonPay.

“At Uplift DAO one of our core missions is to lower the barrier of entry to Web3 investment opportunities, whilst simultaneously raising the standard of usability for our users. By integrating MoonPay onto our platform, this is a key step towards web3 scalability not only for us as an IDO launchpad but for the future of web3 investing.” Irina Berezina, Growth Lead at Uplift.

Through Uplift’s unique Price Protection Promise, the company works closely with the industry’s leading due diligence experts to ensure each project it backs is not only of the highest quality but also offers strong potential. The Price Protection Promise is based on Uplift’s Key Performance Indicator Protected Funding mechanism, wherein it maintains a set of KPIs for each project. Should a project fail to meet those performance indicators, investors will be given the opportunity to receive a refund.

Uplift’s Price Protection Promise is designed to establish trust between its projects and their communities, protecting users during times of uncertainty and ensuring they are protected when investing.

Uplift DAO is a launchpad positioned to become the leading platform for disruptive projects and retail investors to come together. Uplift DAO has set a goal to become the first launchpad with a massive community of 1 million active participants. The platform is backed by Ikigai Ventures – an early-stage venture capital fund unlocking the growth potential of startups scaling in Blockchain, Esports, Fintech, and Gaming. Having raised 550,000 BUSD in its first two IDOs, the Uplift platform incubates, launches, and accelerates the most promising projects in the DeFi space.