Funko partners with Entertainment Giant Paramount to eliminate Avatar Legends NFT – Blockchain Bitcoin News

On July 29, pop culture consumer products company Funko announced that it has partnered with mass media and entertainment multinational Paramount Global. The two companies plan to introduce a series of non-fungible tokens (NFTs) based on the Avatar Legends universe. The latest version of Funko’s Avatar Legends Digital Pop will be released on August 9, 2022 via the NFT Droppp platform.

Avatar Legends NFTs – Publicly traded consumer products company Funko partners with Paramount

Funko (Nasdaq: FNKO) has announced that the company has partnered with entertainment company Paramount (Nasdaq: PARA) and plans to release a new collection of NFTs based on the Avatar Legends universe. The Avatar Legends franchise is derived from the popular Nickelodeon-based animated television series Avatar “The Last Airbender” and “The Legend of Korra”.

Funko is partnering with Entertainment Giant Paramount to release Avatar Legends NFT
Funko Avatar Legends Packs and NFT Singles.

The upcoming Funko and Paramount Digital Pop NFT will feature famous characters such as Kuruk, Painted Lady and Fire Nation Aang. “Avatar Legends x Funko Series 1 Digital Pop! soon on Droppp, ”Funko tweeted on Fridays. NFTs will feature Funko’s unique bobble-head style, pop art style, and Avatar Legends’ standard NFT package will be $ 9.99 per package.

The premium packages will cost $ 29.99 per unit, and Funko says there will be a total of 625,000 NFTs in the Avatar Legends Digital Pop series. “Every pack of Digital Pop! gives you the chance to reveal one of the rare Funko Digital Pop! once opened, which can then be redeemed for a free limited edition physical collectible vinyl, “Funko’s Avatar Legends announcement details.

The NFT Avatar Legends follow Funko’s recent launch of Jay and Silent Bob Digital Pop NFT. In addition to Jay and Silent Bob and Avatar Legends NFT, Funko has also released Digital Pop NFT from brands such as Warner Bros., Hanna Barbera, My Little Pony, Kellogs, Transformers, Bob Ross, Star Trek, DC Comics and Iron Maiden.

Meanwhile, NFT sales have been sad over the past few weeks and the last seven days of NFT sales have fallen by 25.26% from the previous week. Interest in NFTs has stabilized as data from Google Trends indicates that worldwide searches for the term “NFT” have dropped from an all-time high score of 100 at the end of January to the current score of 16. .

Funko Digital Pop NFTs are issued on the Wax blockchain which has recorded sales of $ 379,000 in the past seven days, according to cryptoslam.io’s weekly statistics. The average sale of Wax blockchain during the month of June was $ 6.46 per NFT and in July the average was $ 4.63. Metrics from Cryptoslam.io show that Wax is the ninth largest blockchain in terms of NFT sales across 17 networks.

Statistics from Dappradar.com also show the non-fungible token market Wax Atomicmarket is the 10th largest NFT market in terms of sales of all time. On August 9, Funko’s non-fungible tokens will be distributed via the NFT Droppp platform. A few days ago, Paramount’s PARA stock was downgraded by Goldman Sachs, while FNKO stock is in tears.

Funko’s shares are doing well because the company has seen “strong demand across all product categories,” according to a zacks.com report released Friday. Funko recently acquired the collectible brand and limited edition screen-printed poster maker Mondo in June. Consumer product company Funko’s quarterly earnings are expected to be released soon.

Tag in this story

Avatar, Avatar Legends, Avatar Legends NFT, Blockchain, statistics cryptoslam.io, Digital Collectible, Digital Collectibles, Droppp, industry metaverse, nft, NFT sales, NFT, Nickelodeon, Non-fungible tokens, Non-fungible tokens, Paramount, Paramount Global, Versions physical, The Last Airbender, The Legend of Korra, Wax Blockchain

What do you think of the collaboration between Funko and Paramount Global to introduce Avatar Legends Digital Pop NFTs? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Lead of Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News on the disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons, Funko, Paramount Global, Avatar Legends

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