Disney and Funko Launch NFT Trading Cards; Bitcoin and Solana Gain Ground in NFT Market
Summary:
Funko and Disney are partnering to launch nonfungible token (NFT) trading card packs, turning Funko Pop! figurines into digital trading cards on the WAX blockchain. The new series will feature beloved Disney characters and is set for release on Dec. 12 at 7 pm UTC. Additionally, a Bitcoin Ordinals project is being auctioned by Sotheby's from Dec. 6 to Dec. 13. Lastly, the NFT market sees fresh competition as Bitcoin and Solana increase their shares in what was once a mostly Ethereum-dominated space.
The renowned manufacturer of pop culture collectibles, Funko, has teamed up with Disney to debut nonfungible token (NFT) trading card packs, morphing their famous "Pop!" figurines into digital trading cards on the WAX blockchain. The trademark "Funko Pop!" items are small figures, typically of a bobblehead design, that have generated significant interest among collectors, some fetching prices up to $100,000 in aftermarket selling. These collectibles depict well-loved characters from brands such as Marvel, Star Wars, and DC Comics, along with other significant figures from pop culture. Fans of Disney’s Mickey Mouse take note, Disney’s Mickey and Friends: Funko Digital Pop! Series 1 is slated to be launched tomorrow at 11 AM PT!
This partnership will introduce a new line of Funko Digital Pop! collectibles showcasing Disney’s Mickey Mouse, Minnie Mouse, Donald Duck, among others. The digital NFT trading card packs are set to be released on Dec. 12 at 7 pm UTC, with purchasers potentially securing a rare physical Funko Pop! Figure. William Quigley, the co-founder of WAX, shared his optimistic view about NFT technology, despite the recent downturn in the crypto market. He believes there's a fun element in collecting digital collectibles, which is further enhanced when they can be connected to physical collectibles.
Sotheby’s, the reputable auction house, is auctioning BitcoinShrooms, a part of the Bitcoin Ordinals project. The auction at Sotheby’s New York, launched on Dec. 6, will continue until Dec. 13. The collection by artist Shroomtoshi was firstly revealed during this auction, which creatively captures various aspects of Bitcoin from technical principles to well-known BTC memes. As of now, bids for various Bitcoin Shrooms range from $28,000 to $55,000 per item.
The NFT market has witnessed a minor shift with Solana and Bitcoin entering the scene, previously dominated by Ethereum. As per the NFT sales tracker CryptoSlam, Bitcoin exceeded Ethereum in terms of 24-hour sales volume on Dec. 12, crossed over $24 million thanks to Bitcoin Ordinals NFTs that brought in millions. Bitcoin also surpassed Ethereum in 30-day sales volume, garnering over $463 million in sales, compared to Ethereum's $373 million.
Meanwhile, Ethereum registered over $16 million in daily sales due to the demand for ETH-based NFT collections like Matr1x Kuku and Pudgy Penguins. Not far behind, Solana came in third place with over $6 million in a 24-hour sales volume, largely driven by the Tensorians NFT collection, the DeGods NFT project, and Gaimin Gladiators. However, despite Bitcoin's latest advances in the NFT market, it still falls significantly short of the Ethereum network's total sales, which peaks at over $41 billion. As of now, Bitcoin has generated $1 billion in all-time sales.
Published At
12/12/2023 3:32:47 PM
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