{"id":111083,"date":"2021-04-01T12:48:11","date_gmt":"2021-04-01T12:48:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=111083"},"modified":"2021-04-01T12:48:11","modified_gmt":"2021-04-01T12:48:11","slug":"funko-shares-soar-after-toymaker-strikes-deal-to-enter-nft-market","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/funko-shares-soar-after-toymaker-strikes-deal-to-enter-nft-market\/","title":{"rendered":"Funko shares soar after toymaker strikes deal to enter NFT market"},"content":{"rendered":"<ul>\n<li>Shares of Funko are rising after the pop culture collectible maker said it acquired a majority stake in TokenWave, putting it into the NFT market.<\/li>\n<li>TokenWave is behind the TokenHead app and website, which tracks nonfungible token, or NFT, holdings.<\/li>\n<li>Funko said it plans to launch its own NFT offerings in June. A new one will be introduced each week, starting at $9.99, it said.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>FNKO<\/span><\/li>\n<\/ul>\n<p>Shares of Funko surged more than 12% in premarket trading Thursday after the pop culture collectible maker said it acquired a majority stake in TokenWave, putting it into the NFT market.<\/p>\n<p>TokenWave is behind the TokenHead app and website, which tracks nonfungible token, or NFT, holdings.<\/p>\n<p>Financial terms of the deal weren&#x27;t disclosed.<\/p>\n<p>Funko, known for its dolls with oversized heads, said it plans to launch its own NFT offerings in June. A new one will be introduced each week, starting at $9.99, it said.<\/p>\n<p>&quot;Our strategy in this space is clear \u2014 bring the value-added NFT opportunity to our licensing partners to leverage our broad range of existing pop culture content across television, movies, sports, music, anime, video games and comic books,&quot; Funko CEO Brian Mariotti said in a statement.<\/p>\n<p>Funko has a market cap of $959.4 million. Its stock is up more nearly 414% over the past 12 months, as of Wednesday&#x27;s market close.<\/p>\n<p><em>Find the full press release from Funko here.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/04\/01\/funko-shares-soar-after-toymaker-strikes-deal-to-enter-nft-market.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Funko are rising after the pop culture collectible maker said it acquired a majority stake in TokenWave, putting it into the NFT market. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":111082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Funko shares soar after toymaker strikes deal to enter NFT market - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/funko-shares-soar-after-toymaker-strikes-deal-to-enter-nft-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funko shares soar after toymaker strikes deal to enter NFT market - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Shares of Funko are rising after the pop culture collectible maker said it acquired a majority stake in TokenWave, putting it into the NFT market. 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