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FUNKO EXTENDS INTO NFTs
- By The Financial District
- Apr 2, 2021
- 1 min read
Funko, a leading pop culture consumer products company, plans to extend Funko’s pop culture platform to include digital assets on the Blockchain.
Beginning in June of this year, Funko expects to launch their initial collectible Non-fungible token (NFT) offerings using the Worldwide Asset eXchange™ (WAX), the world’s leading entertainment NFT network.
“WAX offers the safest and most convenient way for Funko to enter the NFT market and for collectors to expand their assortments with digital assets,” said William E. Quigley, co-founder of WAX.
He added that the company “We are excited that Funko plans to utilize the WAX blockchain and WAX vIRLsTM with NFTs that are directly linked to physical products,” said William E. Quigley, co-founder of WAX.
WAX’s powerful blockchain platform, will ensure verifiable authenticity for all NFT purchases. WAX’s unique vIRLTM technology will enable Funko’s physical collectibles to be owned and traded as digital items with added value.
At a starting price point of $9.99, pop culture fans will be able to purchase packs of NFTs featuring Funko’s unique stylizations.
Collectors who score ultra-rare Funko NFTs will also be able to redeem those NFTs for exclusive, corresponding physical Funko figures. Collectors can look forward to a new unique Funko property to be released on the WAX platform each week.
