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 collectible figurines, 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 to be bought, sold, and traded. Correspondingly, the price of Funko Pop NFTs varies, with some selling for a few dollars and others reaching into the hundreds.
What are Funko Pop! Digital Collectibles?
Funko Pop Digital Collectibles are non-fungible tokens featuring Funko’s stylized figures. Collectors purchased them in packs for $9.99 and contain 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 to be bought, sold, and traded on various NFT marketplaces, specifically 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, being 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 show and movie franchise, these Funko Pop NFTs feature characters from the Power Rangers universe. The Power Rangers collection surely brings nostalgia to devoted collectors from the 90s series. A total of 450,000 NFTs launched on August 23, 2022.
Looney Tunes
These Funko Pop NFTs showcase classic characters from the Looney Tunes animated series, such as Bugs Bunny and Daffy Duck. The Warner Bros classic collection released a total of 300,000 NFTs on September 20, 2022.
Game of Thrones
Game of Thrones collection 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. Undeniably one of the most meaningful and awaited collections from the Funko Pop brand.
Image Credit: Funko
Jay and Silent Bob
Based on the characters from the popular Kevin Smith movies, these Funko Pop NFTs. Must-have for fans of the franchise. The collection featured 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 Avatar: The Last Airbender and The Legend of Korra animated series. 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 show collection featured 375,000 NFTs released on March 29, 2022.
Star Trek
The Star Trek collection launched on November 30, 2022 featuring 360,000 total NFTs. Surely, trekkies got to own NFTs featuring characters from the Star Trek franchise, such as Captain Kirk and Mr. Spock.
Transformers
Undoubtedly on of the most awaited collections of 2022, launching a total of 360,000 NFTs on March 15. These Funko Pop NFTs showcase characters from the Transformers franchise, specifically including Optimus Prime and Megatron.
Image Credit: Funko
Iron Maiden
The 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 range of merchandise and other products. Physical Funko Pop figurines sold in stores and online, and can also be purchased as part of special collections or bundles. Funko Pop NFTs can be bought on Droppp directly on release, directly with your credit card.
Funko NFTs use the WAX (Worldwide Asset eXchange) network. This decentralized platform enables anyone to operate a fully functioning virtual marketplace with zero 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 to be 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 series of Digital Pop! drops. Afterwards, you need to wait for a Redemption Token to be deposited into the wallet of the current owner of the Digital Pop! Only one Redemption Token exist 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. Lastly, Funko Pop ships physical collectibles to US and international customers, but shipping fees may apply. Some restrictions may apply as well depending on the country the client lives in.
What happens to unredeemed Funko Collectibles?
If a Funko Pop NFT fails to be redeemed within the specified timeframe, it expires and the redemption code becomes invalid. Nevertheless, the NFT itself still exists as a digital asset and can be bought, sold, and traded on the NFT marketplace, although its not eligible for redemption for the physical item anymore.
Image Credit: Funko
Can you trade Digital Funko NFTs on a marketplace?
Yes, they can be traded on various NFT marketplaces that operate on the WAX network. These marketplaces are specifically AtomicHUB, NeftyBlocks, and NFTHive. These marketplaces allow users to buy, sell, and trade NFTs using WAX token. Always keep in mind to use compatible wallets like WAX Cloud Wallet and avoid having trouble login into these marketplaces.
How do I buy a Funko NFT?
To purchase a Funko NFT, set up a Droppp account at the official Digital Funko website. You the purchase them using your Droppp account with a credit card, Apple Pay, or Google Pay. Collectors have two purchasing options: the Standard Pack containing 5 NFTs for $9.99 or the Premium Pack with 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 caps, you can re-enter the queue for multiple transactions during the drop. You can trade Digital Funko NFTs on any WAX NFT marketplace.
Image Credit: Funko
How do I sell a Funko NFT?
Firstly, to sell a Funko NFT on a WAX marketplace, research the current market prices to determine a competitive selling price. Once you decide on a selling price, list your 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 figurines and feature characters from a wide range of pop culture franchises. Clearly, Funko has the edge when it comes to leveraging Brand IP and for them, this is just the beginning.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
