Disney and Funko Release NFT Trading Cards
Pop culture collectible manufacturer Funko has teamed up with Disney to launch nonfungible token (NFT) trading card packs. These digital trading cards, based on Funko’s popular Pop! figurines, will be available on the WAX blockchain. Funko Pop! collectibles are highly sought after by collectors, with some figurines selling for up to $100,000 on the secondary market. The collaboration between Funko and Disney will introduce a new series of Funko Digital Pop! collectibles featuring beloved characters like Mickey Mouse, Minnie Mouse, and Donald Duck. The NFT trading card packs will be released on Dec. 12, and buyers will have a chance to receive a rare physical Funko Pop! figure.
Sotheby’s Auctions Bitcoin Ordinals Project
Fine arts auction platform Sotheby’s is currently auctioning BitcoinShrooms, an NFT project based on the Bitcoin blockchain. Created by artist Shroomtoshi, this collection includes various references to Bitcoin’s technical concepts and iconic BTC memes. Sotheby’s describes it as an “elegant” and “playful” guide to the revolutionary realm of Bitcoin. Bids for the BitcoinShrooms range from $28,000 to $55,000 per piece. This collection aims to capture the essence of Bitcoin from the perspective of early adopters.
Solana and Bitcoin Compete with Ethereum in NFT Sales
The NFT marketplace is witnessing a shift as Solana and Bitcoin emerge as strong competitors to Ethereum’s dominance. On certain days, both Solana and Bitcoin have surpassed Ethereum in terms of sales volume. On Dec. 12, Bitcoin outperformed Ethereum with over $24 million in NFT sales volume within 24 hours. Bitcoin’s success is driven by popular NFTs like the Bitcoin Ordinals collection. Meanwhile, Solana secured the third position with over $6 million in 24-hour sales volume, fueled by collections like Tensorians and DeGods. Although Bitcoin and Solana are gaining traction, Ethereum still holds the record for all-time NFT sales with over $41 billion.
Hot Take: Traditional Companies Embrace NFTs
Traditional companies are increasingly tapping into Web3 technology and embracing NFTs. The success of companies like Funko in integrating digital collectibles with physical products demonstrates the merits of this technology and enhances the consumer experience. Despite initial hesitations due to market crashes, more companies are recognizing the potential of NFTs and their ability to engage customers. As the trend continues, we can expect more collaborations between traditional brands and blockchain platforms, further expanding the NFT market.
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