May 5, 2024

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Nifty News: Funko’s Disney NFTs, Sotheby’s auction Bitcoin Ordinals project, and more

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5 months ago admin
Nifty News: Funko's Disney NFTs, Sotheby’s auction Bitcoin Ordinals project, and more

Disney and Funko release trading card NFTs

Pop culture collectible manufacturer Funko has collaborated with Disney to launch nonfungible token (NFT) trading card packs, transforming their notable “Pop!” figurines into digital trading cards on the WAX blockchain. 

“Funko Pop!” collectibles are physical figures known for their compact size and bobbleheads. Many of these are sought after by collectors, with some figurines selling for up to $100,000 in the secondary market. 

The collectibles portray popular characters from franchises such as Marvel, Star Wars, DC Comics, and more. The toy manufacturer also releases iconic figures from pop culture, often wearing different attires and striking unique poses. 

The collaboration will see the issue of a new series of Funko Digital Pop! collectibles, which features Disney’s Mickey Mouse, Minnie Mouse, Donald Duck, and other characters. The digital NFT trading card packs will be released on Dec. 12 at 7 pm UTC. Those who purchase the NFTs will have a chance to get a rare physical Funko Pop! Figure. 

William Quigley, the co-founder of WAX, told Cointelegraph that despite the bear market in the crypto space, NFT technology remains promising. He said: 

“Digital collectibles are fun to collect. It is fun to open digital packs and reveal the NFTs inside, and consumers enjoy that experience. In the case of Funko, the ability to tie the digital collectibles to physical collectibles only enhances that enjoyment.” 

The executive believes that the trend of traditional companies tapping into Web3 technology will continue. “Although some companies may have been scared away initially by the market crash, as they see successful use cases such as those being delivered by Funko, the merits of the technology and consumer experience will bring them back,” Quigley added. 

Sotheby’s auctions Bitcoin Ordinals project

Fine arts auction platform Sotheby’s is auctioning BitcoinShrooms, a Bitcoin Ordinals project. From Dec. 6 to Dec. 13, Sotheby’s New York will continue auctioning the NFT project based on the Bitcoin blockchain. 

The project was created by the artist Shroomtoshi and was first unveiled during the auction. The collection includes various references, from Bitcoin’s technical concepts to iconic BTC memes. Sotheby’s wrote: 

“Elegantly weaving the nuanced tapestry of Bitcoin’s history, culture, and core technicalities, each unique, pixelated, and hand-crafted piece forms part of a masterful, yet playful guide to the revolutionary realm of Bitcoin.”

Sotheby’s said that the collection “captures Bitcoin’s essence” from the perspective of those who got into it very early. At the time of writing, bids for various BitcoinShrooms go from $28,000 up to $55,000 per piece. 

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