Funko has taken its first steps into the world of blockchain and NFTs (non-fungible tokens) with the announcement of the first series of Funko Digital Pop!
Funko introduces digital collectible cards with Digital Pop!
Funko Digital Pop! are NFTs in the form of digital collectible cards. NFTs stands for non-fungible tokens. A non-fungible token is a unique unit of data that is created and stored on a digital ledger called blockchain.
Undoubtedly, there are many Funko Pop! fanatics who are not yet familiar with the terms blockchain and NFTs.
Funko’s own blog post is unfortunately rather limited, so here’s a beginner’s guide to blockchain, NFTs and the future world of digital collectibles.
Blockchain and the underlying technology are still fairly new, but the possibilities are endless. A non-fungible token (NFT) is, as it were, a digital product that uses this technology.
A blockchain is essentially a decentralized digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions or data, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger.
Decentralized blockchains are immutable, meaning the data entered is irreversible. The data stored on the blockchain cannot be changed or deleted.
All kinds of information and data can be stored on a blockchain, including contracts, cryptocurrency such as Bitcoin and now also NFTs. Non-fungible tokens can be used for anything and everything, as long as it’s digital. Think of digital drawings, digital art or collectibles and in our case Funko Digital Pop!
Non-fungible more or less means that it is unique and can’t be replaced with something else. For example, the cryptocurrency Bitcoin is fungible. Swap one Bitcoin for another Bitcoin, and you have exactly the same.
However, a unique digital collectible is non-fungible. If you traded it online for another digital collectible, you’d have something completely different. Non-fungible tokens are unique and cannot be counterfeited.
So in short, NFTs are unique digital objects, which are created and stored on the blockchain. Like cryptocurrency, NFTs can be bought and traded online and kept in a digital wallet. The transaction of the purchase and all future transactions of the NFTs are now permanently recorded on the blockchain.
NFTs cannot be modified, copied or deleted and ownership of the NFTs rests with the owner of the digital wallet in which the NFTs are held. For (digital) collectors, NFTs are the invention of the century and problems such as counterfeits or broken packaging are a thing of the past.
NFTs are currently a big hype with huge possibilities and Funko is eager to get a slice of the digital collectibles world.
Funko has partnered with WAX (Worldwide Asset eXchange) and Tokenhead to launch the first series of Funko Digital Pop! WAX is the world’s leading decentralized video game and entertainment network and the Funko Digital Pop! NFTs are stored on the WAX blockchain. Tokenhead is a populair NFT app and the best way to organize all your NFTs.
It all starts on August 3, 2021, when Funko, WAX and Tokenhead bring the first unique Digital Pop! NFTs to life. The first series of Funko Digital Pop! is dedicated to the Teenage Mutant Ninja Turtles (TMNT).
The TMNT Digital Pop! series features a unique collection of 100 action-packed digital collectible cards, divided into six different rarities: Common, Uncommon, Rare, Epic, Legendary and Grail.
The series is offered in two different packs to choose from: Standard and Premium.
Standard pack: $9,99 for 5 Digital Pop! collectibles
Premium pack: $29,99 for 17 Digital Pop! collectibles
Collectors who get their hands on Legendary or Grail rarities or completed a Royalty Collection, by collecting one of each Common, Uncommon, Rare and Epic Digital Pop! cards, are eligible to receive a limited edition physical collectible designed exclusively for the series.
Click here for more information about the different cards from the Funko TMNT Digital Pop! series.
How to purchase Funko Digital Pop!
– Create a WAX account (WAX Cloud Wallet)
– Visit the WAX tutorial for a step-by-step walkthrough of set up. https://www.youtube.com/watch?v=IJ57U29dgto
– Each Funko Digital Pop! release will have a drop website to purchase and open packs. (digital.funko.com)
– Funko Digital Pop! can be purchased with a credit card on the drop website and can be managed within your WAX account.
– Download the TokenHead app on iOS App Store or Google Play to view your Funko Digital Pop! collection!