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The next dimension of digital collectibles
Funko Pop NFTs, also known as Funko Pop Digital Collectibles, have become increasingly popular in recent years. These non-fungible tokens (NFTs) represent digital versions of the physical Funko Pop collectibles, featuring popular characters from movies, TV shows, video games and more. The popularity of Funko Pop NFTs can certainly be attributed to their limited edition status and the ability to own a unique digital asset that can be bought, sold and traded. Similarly, the price of Funko Pop NFTs varies, with some selling for a few dollars and others running into the hundreds.
Image credit: Funko
What is Funko Pop! Digital collectibles?
Funko Pop Digital Collectibles are non-fungible tokens featuring Funko’s stylized figures. Collectors bought them in packs for $9.99 and include a chance to reveal a rare Funko Digital Pop, possibly redeemed for a limited edition physical collectible. Users purchase these NFTs through the Droppp platform using a Droppp account and credit card. Nevertheless, these digital collectibles remain on the blockchain, making them unique and non-fungible assets that can be bought, sold, and traded on various NFT marketplaces, especially on the WAX network.
Are Funko Digital Collectibles NFTs?
Yes, Funko Digital Collectibles exist as NFTs, or Non-Fungible Tokens. Digital collectibles cannot be exchanged for another item of equal value that is unique. Meanwhile, NFTs remain on the blockchain, helping to ensure their authenticity and ownership.
Image credit: Funko
Top 10 Funko NFT collectibles on the market
Power Rangers
Based on the popular TV series and movie series, these Funko Pop NFTs feature characters from the Power Rangers universe. The Power Rangers Collection is sure to bring nostalgia to devoted collectors of the 90s franchise. A total of 450,000 NFTs were launched on August 23, 2022.
Looney Tunes
These Funko Pop NFTs feature classic characters from the Looney Tunes animated series, such as Bugs Bunny and Daffy Duck. Warner Bros. Classic Collection released a total of 300,000 NFTs on September 20, 2022.
Game of Thrones
The Game of Thrones collection was launched on October 4, 2022 with a total of 625,000 NFTs. Fans of the hit TV show and book series own NFTs featuring their favorite characters, such as Jon Snow and Daenerys Targaryen. Without a doubt one of the most meaningful and long-awaited collections from the Funko Pop brand.
Image credit: Funko
Jay and Silent Bob
These Funko Pop NFTs are based on the characters from the popular Kevin Smith movies. A must-have for fans of the franchise. The collection contained 130,000 NFTs launched on July 26, 2022.
My little pony
These NFTs feature characters from the beloved My Little Pony animated series, including Twilight Sparkle and Pinkie Pie. Devoted fans sold out the collection of 360,000 NFTs released on June 28, 2022.
Avatar Legends
The Avatar Legends collection based on the characters from the animated series Avatar: The Last Airbender and The Legend of Korra. The collection obviously features Aang, Bolin, and Kuruk, with a total of 625,000 NFTs released on August 9, 2022.
Image credit: Funko
Scooby-Doo
These NFTs feature the beloved characters from the Scooby-Doo animated series, including Scooby-Doo and Shaggy. The 90s TV series collection contained 375,000 NFTs released on March 29, 2022.
Star Trek
The Star Trek collection launched on November 30, 2022 with a total of 360,000 NFTs. Sure, trekkies got to own NFTs featuring characters from the Star Trek franchise, like Captain Kirk and Mr. Spock.
Transformers
Undoubtedly one of the most anticipated collections of 2022, launching a total of 360,000 NFTs on March 15th. These Funko Pop NFTs showcase characters from the Transformers franchise, notably including Optimus Prime and Megatron.
Image credit: Funko
Iron maiden
Iron Maiden Funko Pop NFTs feature characters from the popular heavy metal band Iron Maiden. The legendary rock-inspired collection released 180,000 NFTs on September 29, 2022.
How does the Funko Pop! Ecosystem work?
The Funko Pop ecosystem includes both physical and digital collectibles, as well as a variety of merchandise and other products. Physical Funko Pop figures are sold in stores and online, and can also be purchased as part of special collections or bundles. Funko Pop NFTs can be purchased on Droppp directly upon release, directly with your credit card.
Funko NFTs use the WAX (Worldwide Asset eXchange) network. This decentralized platform enables anyone to run a fully functioning virtual marketplace without investment in security, infrastructure or payment processing. Consequently, they can be traded on marketplaces within the WAX network, allowing collectors to buy, sell and trade their digital collectibles with others around the world. Overall, collectors consider the WAX network a safe and reliable place for people to trade digital collectibles.
How do I redeem my physical Funko NFT?
To redeem your physical Funko NFT, you must first wait 120 days after the run of Digital Pop! drops. Afterwards, you have to wait for a Redemption Token to be deposited into the wallet of the current owner of the Digital Pop! Only one redemption token exists per redeemable digital pop! or qualifying collection. With the Redemption Token in your account, you have 30 days to redeem it for a physical Funko collectible figure. Redeeming the token “burns” it and disappears from your wallet. Finally, Funko Pop ships physical collectibles to US and international customers, but shipping charges may apply. Some restrictions may also apply depending on the country in which the customer lives.
What happens to unredeemed Funko collectibles?
If a Funko Pop NFT cannot be redeemed within the specified time frame, it will expire and the redemption code will become invalid. Nevertheless, the NFT itself still exists as a digital asset and can be bought, sold and traded on the NFT market, even though it is no longer eligible for redemption for the physical commodity.
Image credit: Funko
Can you trade Digital Funko NFTs on a marketplace?
Yes, they can be traded on various NFT marketplaces operating on the WAX network. These marketplaces are specifically AtomicHUB, NeftyBlocks and NFTHive. These marketplaces allow users to buy, sell and trade NFTs using the WAX token. Always remember to use compatible wallets like WAX Cloud Wallet and avoid having problems logging into these marketplaces.
How do I buy a Funko NFT?
To purchase a Funko NFT, set up a Droppp account on the official Digital Funko website. You buy them with your Droppp account with credit card, Apple Pay or Google Pay. Collectors have two purchase options: the Standard Pack containing 5 NFTs for $9.99 or the Premium Pack containing 15 NFTs for $29.99. Users also download the TokenHead app to track and manage their purchases, specifically through their Droppp account. While Funko NFT purchases may have purchase restrictions, you can re-enter the queue for multiple transactions during the release. You can trade Digital Funko NFTs on any WAX NFT Marketplace.
Image credit: Funko
How do I sell a Funko NFT?
First, to sell a Funko NFT on a WAX marketplace, research current market prices to determine a competitive selling price. Once you have decided on a sell price, enter the NFT for sale on a WAX marketplace.
In conclusion, Funko Pop NFTs have become a popular and highly sought after type of digital collectible. These non-fungible tokens, or NFTs, represent digital versions of the physical Funko Pop figures and feature characters from a wide range of pop culture series. It’s clear that Funko is ahead of the curve when it comes to leveraging brand IP, and for them this is just the beginning.
