Having acquired a majority ownership stake in NFT startup TokenWave LLC, licensed American pop culture collectibles company Funko should soon start offering its popular collectibles as digital assets too.
TokenWave is the developer of popular app TokenHead, which helps users track non-fungible tokens on the WAX blockchain. We should expect first collectibles to arrive in June, with each week offering a unique asset starting at $9.99.
“Our ability to combine Funko Pop! digital NFTs with exclusive Funko Pop! Vinyl Figures has the potential to be a game changer,” Funko CEO Brian Mariotti said in a press release. “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.”
The company stressed that it wants to make its NFTs “broadly accessible to fans” by offering affordable entry pricing. “Utilizing WAX Blockchain technology, we have the opportunity to eventually bring Funko collectible NFTs to our millions of fans around the globe,” Mariotti added.