In this week’s Nifty News roundup, we have some exciting developments in the world of NFTs. On the blockchain collectibles front, Funko, the popular pop culture figurine brand, has teamed up with Disney to launch their own line of NFTs on the WAX blockchain. These digital Funko Pop! figures will consist of beloved Disney characters like Mickey Mouse and will be available for purchase in the form of blind boxes, adding an element of surprise to the collecting experience.
In other news, renowned auction house Sotheby’s is jumping on the NFT bandwagon with their upcoming “Bitcoin Ordinals” auction. This project, created by artist Robert Alice, consists of 40 uniquely designed physical artworks that each hold a fragment of Bitcoin’s code. The sale of these pieces is expected to fetch a substantial sum, highlighting the growing interest in digital assets within the traditional art world.
Additionally, WAX co-founder William Quigley weighs in on the current state of the NFT market. Despite the recent crypto bear market, Quigley remains optimistic about the future of NFT technology. He believes that despite the price fluctuations, the fundamentals of NFTs remain strong and that we are still in the early days of this burgeoning industry.
As NFTs continue to gain momentum and attract attention from various industries, it’s clear that this technology is here to stay. Whether it’s through collaborations with iconic brands like Funko and Disney or the integration of NFTs in traditional institutions like Sotheby’s, it’s becoming increasingly evident that NFTs are revolutionizing the way we collect, create, and appreciate digital assets. So buckle up, because the NFT train is only picking up speed from here!
