Nasdaq-listed collectible vinyl figure maker Funko has acquired a majority stake in TokenWave, a non-fungible token (NFT) display, and tracking platform company.
Funko said the collaboration will accelerate the company's joining the NFT segment and enable digital assets to be added to the product line. The terms of the deal were not disclosed.
The American manufacturer announced the release of the first non-fungible tokens in June. The starting price will be $ 9.99.
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Amid news of a partnership with TokenWave, Funko shares are approaching annual highs.
Previously, Tron founder Justin Sun created the JUST NFT Fund for artists and works of art in the form of non-fungible tokens with a value of $ 1 million or more.