Funko as a brand, is struggling. They've tried various gimmicks, with some working out well and others falling flat on their face. A number of years ago, a lot of people were into NFTs and the idea of owning digital tokens of art, or whatever. It was a thankfully short-lived fad, but Funko did dabble in it with the admittedly fun fact that when you opened their NFT, "Packs," you had the chance to get a token you could redeem for a real (physical) Funko Pop to be shipped to your house. For some time, little had been happening, with many stating the program was most likely dead. About a month ago, Funko made it official with a little press release that received minimal fanfare (although props to the streamers known as Gastlecast for, "Calling it," months in advance that Funko NFTs were dead). No more Funko NFTs, and they're shutting down the digital market, Droppp, that was utilized for the Funko NFTs, so at least folks were given a warning to take their money out as opposed to this being a, "Rug pull," situation.
I have always been critical of NFTs and cryptocurrency (Bitcoin or any others) in general. I don't like it, trust it, or use it. I am always interested in new and cutting-edge technology, but crypto always seemed more like a scammer's dream than that of an inventor. I'm frankly surprised it took Funko this long to give up on NFTs, and even though I buy their products a lot less these days, I do still find their stuff fun and charming enough that I hope the company manages to keep existing. I won't miss the NFTs, though.
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