The Merch Awakens: 'Star Wars' blitz earlier than movie opens' Funko Pop Star Wars motion figures line the cabinets at Meltdown Comics and Collecti
The Merch Awakens: ‘Star Wars’ blitz earlier than movie opens’ Funko Pop Star Wars motion figures line the cabinets at Meltdown Comics and Collectibles in Los Angeles on October 30, 2015.
Robyn Beck | AFP | Getty Pictures
Shares of Funko surged 19% in early buying and selling Thursday after the popular culture collectible maker mentioned it acquired a majority stake in TokenWave, placing it into the NFT market.
TokenWave is behind the TokenHead app and web site, which tracks holdings in nonfungible tokens.
Monetary phrases of the deal weren’t disclosed.
Funko, identified for its dolls with outsized heads, mentioned it plans to launch its personal NFT choices in June. A brand new one will likely be launched every week, beginning at $9.99, it mentioned.
“Our technique on this area is evident — deliver the value-added NFT alternative to our licensing companions to leverage our broad vary of current popular culture content material throughout tv, motion pictures, sports activities, music, anime, video video games and comedian books,” CEO Brian Mariotti mentioned in an announcement.
Funko has a market cap of $959.four million. Its inventory is up extra practically 414% over the previous 12 months, as of Wednesday’s market shut.
Discover the complete press launch from Funko right here.