Funko is taking the popularity of its pop-culture collectibles into the future and embracing the hysteria around NFTs. The Everett, Wash.-based maker of toys…
3 hours ago
EVERETT, Wash.–(BUSINESS WIRE)–Funko, Inc. (“Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture consumer products company, today announced it has acquired a majority ownership stake in TokenWave, LLC, the developer of TokenHead, a leading mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. TokenHead is available on iOS and Android, and currently displays over 10 million NFTs and has more than 100,000 visits per day. Financial terms of the investment were not disclosed.
The investment accelerates Funko’s initial entry into the NFT market and will extend the Company’s pop culture platform to include digital assets. Funko expects to launch its initial NFT offerings in June, featuring a unique property each week at a starting price point of $9.99. Products will be sold on the WAX platform, the leading decentralized wallet on the blockchain, which provides verifiable authenti
Funko Enters NFT Market with Majority Stake in TokenHead Developer
By
Staff
59 seconds ago
EVERETT, Wash.–(BUSINESS WIRE)–Funko, Inc. (“Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture consumer products company, today announced it has acquired a majority ownership stake in TokenWave, LLC, the developer of TokenHead, a leading mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. TokenHead is available on iOS and Android, and currently displays over 10 million NFTs and has more than 100,000 visits per day. Financial terms of the investment were not disclosed.
The investment accelerates Funko’s initial entry into the NFT market and will extend the Company’s pop culture platform to include digital assets. Funko expects to launch its initial NFT offerings in June, featuring a unique property each week at a starting price point of $9.99. Products will be sold on the WAX platform, the leading decentralized wallet o
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.
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