Funko reveals NFT plans but not everyone is happy
Chris Davies - Apr 1, 2021, 9:41am CDT
Funko, makers of ridiculously popular pop culture toys, is wading into the NFT market, with plans to launch its first non-fungible tokens in June. Though NFTs have been controversial, not least for their focus on digital ownership rather than physical collecting, Funko argues that its strategy will combine both more affordable tokens with the vinyl toys it’s known for.
If you’ve managed to ignore non-fungible tokens until now, bad news: it’s looking like they’re not going away any time soon. Basically built on the same sort of unique digital asset technology that underpins bitcoin and other cryptocurrency, NTFs effectively represent digital files associated with art and other items, that only one person can own at a time.