Disney Enters NFT Space with Dapper Labs
Exciting news for Disney fans as the company is teaming up with Dapper Labs to launch an NFT platform called Disney Pinnacle, set to debut later this year.
Partnership Details
Disney’s collaboration with Dapper Labs will tokenize its beloved characters, including those from Pixar and Star Wars, in the form of dynamic digital pins that can be collected and traded instantly on a mobile device.
Platform Launch
The NFT platform will be available on Apple’s App Store, Google Play Store, and online. Although it’s not live yet, you can join the waiting list on the official Disney Pinnacle website.
Blockchain and Company Developments
The platform is built on Dapper Labs’ Flow blockchain, which is also used by Ticketmaster for NFT event tickets. Meanwhile, Disney recently restructured its metaverse division, while Dapper Labs received a significant investment from Animoca Brands.
NFT Market Growth and Outlook
NFT sales have been steadily increasing in recent weeks, reaching $129 million in the week leading up to 6 November. Industry leaders are optimistic about the future of NFTs and anticipate continued growth in the market.
Ripple XRP Ledger Update for NFT Security
The Ripple XRP Ledger is set to undergo a major update to enhance security and integrity for non-fungible tokens (NFTs). The fixNFTokenRemint amendment aims to prevent sequence number collisions during the creation of NFTs and introduce new elements for recalibrating NFT sequence numbers.
Hot Take: NFTs Set for a Bright Future
Despite recent challenges, industry experts believe that NFTs will play a crucial role in the future of the online economy. While there are concerns about regulation, environmental impact, and security, the overall outlook for NFTs remains positive.
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