Disney and Funko release trading card NFTs
Pop culture collectible manufacturer Funko has teamed up with Disney to launch nonfungible token (NFT) trading card packs. These packs will transform Funko's popular Pop! figurines into digital trading cards on the WAX blockchain.
Funko Pop! collectibles are known for their compact size and bobblehead features. Some of these figurines are highly sought after by collectors and can sell for up to $100,000 on the secondary market. The collaboration with Disney will bring characters like Mickey Mouse, Minnie Mouse, and Donald Duck to the digital NFT world.
The NFT trading card packs will be released on Dec. 12 at 7:00 pm UTC. Buyers of the NFTs will also have a chance to win a rare physical Funko Pop! figure.
William Quigley, co-founder of WAX, believes that despite the recent bear market in the crypto space, NFT technology remains promising. He stated that the ability to tie digital collectibles to physical ones only enhances the consumer experience and enjoyment.
Sotheby's auctions Bitcoin Ordinals project
Sotheby's, the fine arts auction platform, is currently auctioning the Bitcoin Ordinals project called BitcoinShrooms. The NFT project, based on the Bitcoin blockchain, will be available for bidding from Dec. 6 to Dec. 13 at Sotheby's New York.
The BitcoinShrooms collection, created by artist Shroomtoshi, includes various references to Bitcoin's history, culture, and technical concepts. Each unique piece forms part of a guide to the revolutionary realm of Bitcoin, according to Sotheby's.
At the time of writing, bids for the BitcoinShrooms NFTs range from $28,000 to $55,000 per piece.
Solana and Bitcoin competing with Ethereum in NFT sales
The NFT marketplace has seen a shift as two emerging players, Solana and Bitcoin, have gained traction and taken a share of the market dominated by Ethereum. NFTs on the Solana and Bitcoin networks have been making strides, with Bitcoin surpassing Ethereum in 24-hour sales volume on certain days and Solana catching up in the third position.
On Dec. 12, the Bitcoin network surpassed Ethereum in 24-hour sales volume, with NFT sales totaling over $24 million. This surge was fueled by various Bitcoin Ordinals NFTs. Bitcoin also outperformed Ethereum in 30-day sales volume, with $463 million compared to Ethereum's $373 million.
Meanwhile, the Ethereum network still remains active in the NFT market, with daily sales of over $16 million. NFT collections like Matr1x Kuku and Pudgy Penguins continue to attract buyers. The Solana network has also made its mark, with over $6 million in 24-hour sales volume driven by collections like Tensorians, DeGods, and Gaimin Gladiators.
Although Bitcoin is gaining ground in the NFT market, it still has a long way to go to surpass Ethereum's all-time sales of over $41 billion. Currently, Bitcoin has achieved $1 billion in all-time sales and sits at the sixth rank.
Did you miss our previous article...
https://trendinginthenews.com/crypto-currency/bitcoins-water-consumption-is-it-an-environmental-threat
