Blockchain Based Technologies Gain Traction Amongst Institutions
FinancialBuzz.com News Commentary
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NEW YORK, April 29, 2021 /PRNewswire/ This year is shaping up to be exceedingly important for the development of cryptocurrencies. Among the numerous recent news reports about how the modern banking infrastructure is opening up to the trend, there are also signs that some major businesses are becoming more adaptable to receiving payments in cryptocurrencies. As a result, the view that Bitcoin or Ethereum are worthwhile investments has caused major banks to allow customers to invest in specialized funds. For example, according to a report by Coindesk, JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, becoming the latest and largest bank to embrace crypto as an asset class. Scienjoy Holding Corporation (NASDAQ: SJ), Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV), Riot Blockchain, Inc. (NASD
Walt Disney Co (NYSE:DIS),
World Wrestling Entertainment Inc (NYSE:WWE),
AT&T (NYSE:T) and professional sports leagues, Funko could become a major player in licensed NFTs.
“Our amazing licensing partners are excited about our entry in this new digital space and we believe the diversity of our licensing portfolio sets us up for long-term success,” Mariotti said.
Funko is betting on the long-term success of NFTs and also providing a cheap entry point for collectors and possibly investors: By backing the rarest of the Funko NFTs with exclusive redeemable Funko Pop!s, we are poised to enter the NFT market in a very unique manner.
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
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