On July 29, pop culture consumer goods manufacturer Funko announced a partnership with multinational mass media and entertainment company Paramount Global. The two companies plan to launch a series of non-corrosive tokens (NFTs) based on the Avatar Legends universe. The latest Avatar Legends digital pop-up from Funko is scheduled to drop on August 9, 2022 through the NFT platform Droppp.
Avatar Legends NFTs – Listed consumer goods company Funko collaborates with Paramount
Funko (Nasdaq: FNKO) has partnered with entertainment company Paramount (Nasdaq: PARA) to create a newNFTs based on the Avatar Legends universe. collectionbased on the Avatar Legends franchise, which is derived from the popular Nickelodeon-based animated television series Avatar–.”The Last Airbender” and “The Legend of Korra”.
Upcoming Funko and Paramount Digital Pop NFTs will feature popular characters such as Kulk, Painted Lady, and Aang of Fire Nation.” Avatar Legends x Funko Series 1 Digital Pop! coming soon to Droppp,” Funko tweetedon Friday, adding that the NFT will feature Funko’s own bobblehead, pop art style, and will be the standard Avatar Legends NFT in packs is $9.99 per pack.
Premium packs are $29.99 each, and according to Funko, there will be a total of 625,000 NFTs in the Avatar Legends Digital Pop series.” Digital Pop! Each pack of the rare Funko Digital Pop! will have a chance to reveal one, which can then be redeemed for a free, limited edition, physical vinyl collectible. “Details of Funko’s Avatar Legends announcement are as follows.
The Avatar Legends NFT follows Funko’s recent release of Jay and Silent Bob’s Digital Pop NFT. In addition to the Jay and Silent Bob and Avatar Legends NFTs, Funko has also released digital pop NFTs for brands such as Warner Bros, Hanna-Barbera, My Little Pony, Kellogg’s, Transformers, Bob Ross, Star Trek, DC Comics and Iron Maiden Releases.
On the other hand, NFT sales have been dreary in recent weeks, with NFT sales downin the last seven days. Interest in NFT hasstalled: according to Google Trends data, global searches for the term “NFT” have dropped from a record score of 100 at the end of January to the current 16.
Funko Digital Pop NFTs issued on the Wax blockchain have generated $379K in sales over the past 7 days, according to cryptoslam.io’sweekly statistics. 55} averagefor the month of June Wax blockchain Sales were $6.46 per NFT, with July averaging $4.63. Cryptoslam.io metrics show that Wax is the 9th largest blockchain in terms of NFT sales among the 17 networks.
Dappradar.com statisticsfurther show that Wax’s non-fusible token market Atomicmarket is the 10th largest NFT market in terms of all-time sales.On August 9, Funko’s non-fusible tokens will be distributed through the NFT platformdistributed through Droppp. A few days ago, Paramount’s PARA stock was downgradedby Goldman Sachs, but FNKO stock was on a roll.
According to areportfrom zacks.com released on Friday, Funko stock is doing well because the company sees “solid demand across its product categories.” Funko recentlyacquired Mondo, a producer of collectible brands and limited edition screen-printed posters, in June. Funko, a consumer products company, is expected to release its quarterly results in the coming days.
Image credits: Shutterstock, Pixabay, Wiki Commons, Funko, Paramount Global, Avatar Legends