Mainstream brands join NFT craze, raise money for charity
Unorthodox Ventures founder Carey Smith weighs in on non-fungible tokens (NFTs) and calls this ‘melding’ of the art world and finance world ‘sort of silly.’
Funko, the maker of the popular bobblehead-sized Pops! figures, is getting into the action on the non-fungible token, or NFT, market.
An NFT is a unique digital token that can turn any item in the digital world, from tweets to Gifs to videos, into a collectible asset. Like Bitcoin and other cryptocurrencies, NFTs are sold and bought via the blockchain. Non-fungible tokens verify authenticity and ownership by encrypting the creator's signature on the blockchain.
ELON MUSK MAKES LIGHT OF NFT INVESTORS ON TWITTER
Funko announced on Wednesday that it had acquired a majority ownership stake in TokenWave, the developer of a mobile app and website called TokenHead, which displays over 10 million NFTs and has more than 100,000 visits per day.