Collectibles giant Funko shares surge after acquiring NFT app Tokenwave

Source | CoinTelegraph

Among the first publicly-traded companies to jump on the NFT bandwagon, they won’t be the last

In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture collectibles giant Funko’s stock (NYSE: FNKO) rallied over 20%. 

Unlike many price-pumping announcements heavy on hype and sparse on content from the last bull run (and the dozens inevitably to come over the next few months), Funko and NFTs may be a perfect fit, however.

On Thursday the creator of the widely popular Funko Pops collectibles line announced in a press release that they had acquired a majority stake TokenWave, the developers of the TokenHead NFT app built on the WAX blockchain.


Acid House | Collectible NFTs