The Coin Detective
Coins:
3475
Market cap:
$ 2559.42B
Volume 24h:
$ 217.49B
BTC dominance:
44.6%

Funko Enters NFT Market with Majority Stake in TokenHead Developer

By investor.funko.com on April 1, 2021


Funko, Inc. ("Funko,” or the “Company”) (Nasdaq: FNKO), a leading pop culture consumer products company, today announced it has acquired a majority ownership stake in TokenWave, LLC, the developer of TokenHead, a leading mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. TokenHead is available on iOS and Android, and currently displays over 10 million NFTs and has more than 100,000 visits per day. Financial terms of the investment were not disclosed. The investment accelerates Funko’s initial entry into the NFT market and will extend the Company’s pop culture platform to include digital assets. Funko expects to launch its initial NFT offerings in June, featuring a unique property each week at a starting price point of $9.99. Products will be sold on the WAX platform, the leading decentralized wallet on the blockchain, which provides verifiable authenticity for purchases of Funko NFTs. “Funko is thrilled to advance another platform that our fans and

Go to investor.funko.com




Related coins: WAX