Thoughts on NFTs

Funko has entered the world of Non-fungible tokens!
ssklansky
Posts: 13
Joined: Wed Mar 29, 2023 5:41 pm
Contact:

Thoughts on NFTs

Postby ssklansky » Mon Apr 03, 2023 6:28 pm

Kind of crazy to see value dropping so dramatically these last few drops. HB2 you can basically get Legendary cards less then the cost of a premium pack. Is this trend going to continue or is there going to be a spike. Thoughts?

User avatar
mongoose12
Posts: 13424
Joined: Mon Jul 14, 2014 2:27 pm
Location: Miami Beach
Contact:

Re: Thoughts on NFTs

Postby mongoose12 » Mon Apr 03, 2023 7:06 pm

The prices that follow drops do carry some hype to them imo…then when a new drop hits the market balances out.
Image

User avatar
CaseyJones14
HOF 2022 & CotM & CotY
HOF 2022 & CotM & CotY
Posts: 10198
Joined: Wed May 11, 2016 12:32 pm
Location: Dorbztown, USA

Re: Thoughts on NFTs

Postby CaseyJones14 » Mon Apr 03, 2023 7:08 pm

I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+
Image
Brett - caseyj0nes14 on Instagram
ISO - Dorbz and McNugget Protos!

ssklansky
Posts: 13
Joined: Wed Mar 29, 2023 5:41 pm
Contact:

Re: Thoughts on NFTs

Postby ssklansky » Mon Apr 03, 2023 7:21 pm

CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


Yeah, i think that is a weird anomaly. But with only 4 epics, price would be high anyway I think. I don't think sets have been high value since Halloween 2

User avatar
mongoose12
Posts: 13424
Joined: Mon Jul 14, 2014 2:27 pm
Location: Miami Beach
Contact:

Re: Thoughts on NFTs

Postby mongoose12 » Mon Apr 03, 2023 8:27 pm

mongoose12 wrote:The prices that follow drops do carry some hype to them imo…then when a new drop hits the market balances out.


Actually take what I said and reverse it.
Image

User avatar
mongoose12
Posts: 13424
Joined: Mon Jul 14, 2014 2:27 pm
Location: Miami Beach
Contact:

Re: Thoughts on NFTs

Postby mongoose12 » Mon Apr 03, 2023 8:28 pm

CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


Also 3 Freddy redeemable…ijs
Image

User avatar
scullysdad
Posts: 3135
Joined: Wed Jul 26, 2017 2:21 pm
Location: Milwaukee, WI
Contact:

Re: Thoughts on NFTs

Postby scullysdad » Mon Apr 03, 2023 10:18 pm

It’s always been the case that certain drops are high value balanced out by the more moderate ones. Even at the start you had TMNT super high, then Big Boy was inexpensive, and we’ve seen the constant up and down prices.

Epic prices really depend on the Freddy. A super popular Freddy like the Megazord is going to drive up prices, but average ones like Dig ‘Em keep prices reasonable.
Please Funko make Taylor Swift Pops!

Most wanted non-Taylor Pops: Carson Teva, Naru from Prey, The Last of Us TV show

User avatar
Batcavehero24
Posts: 1067
Joined: Wed Oct 19, 2016 10:36 pm
Location: Los Angeles
Contact:

Re: Thoughts on NFTs

Postby Batcavehero24 » Mon Apr 03, 2023 11:41 pm

Many ppl including me thought HB2 drop was pretty lackluster. Just depends on how cool the Freddy Royalty or Redeemables are. Has to be :cherry: bomb
:SW7a:

MAKING FUN PREMIERE
FDO8
FUNKO HOLLYWOOD GRAND OPENING
SDCC 06-07 15-23
FUNDAYS 18-19-22
FUNKON 21
WONDERCON 23
Image
Image
Image

User avatar
Mrswestcoastfunko
Posts: 173
Joined: Fri Jun 10, 2022 8:29 pm

Re: Thoughts on NFTs

Postby Mrswestcoastfunko » Tue Apr 04, 2023 12:24 am

Idk if its worth it the process is complicated. I gave up on it I just wait for prices to drop and I am spending less then what it took to get the NFT
Image
ImageImage

User avatar
keyese
Posts: 2827
Joined: Sat Jun 25, 2016 12:38 am
Location: Madison, WI
Contact:

Re: Thoughts on NFTs

Postby keyese » Tue Apr 04, 2023 12:29 am

Yeah I think it really depends on the series and redeemables offered. I do think people were selling off some previous cards to buy into April Fools packs if they missed during the sale.
AKA ElizabethKeyes on Twitch or keyese on Discord :freddy2:
ISO Mystery Minis!
Lord of the Rings: Eowyn (HT) and Lurtz (HT)
Avengers Endgame: 1/72 Hulk, 1/72 Hawkeye, 1/24 Black Widow (all Walmart exclusives)

Jmagic
Posts: 174
Joined: Fri May 03, 2019 7:37 pm

Re: Thoughts on NFTs

Postby Jmagic » Tue Apr 04, 2023 1:46 pm

kihou wrote:Yeah I think it really depends on the series and redeemables offered. I do think people were selling off some previous cards to buy into April Fools packs if they missed during the sale.
I agree with this. I didn't expect much from the April Fool drop , but now I'm trying to sell what I can to complete set.
I Collect Stoof :albino:

sushiguru
Posts: 1506
Joined: Fri Apr 25, 2014 5:53 am
Location: Southern California

Re: Thoughts on NFTs

Postby sushiguru » Tue Apr 04, 2023 3:10 pm

I liked the april fools drop

User avatar
ComicsZombie
Posts: 1976
Joined: Wed Jun 03, 2015 3:11 pm
Location: LA/OC, CA
Contact:

Re: Thoughts on NFTs

Postby ComicsZombie » Tue Apr 04, 2023 4:42 pm

I liked the april fools set. I got 2 eggs, but I should have invested in the epics. I was just trying to get more chances at the grail so I got another pack or two but they had almost nothing. XD So I'm stuck without any epics at all.
Image
#BeastBoyShrine
Image
ISO: >> \:D/ Any Beast Boy Proto (in White and color), & My Hero Academia Wave 2 Protos <<

"I don't collect LEGOs. I play with LEGOs. I don't play with Pops. I collect Pops."

IG: ComicsZombie
TW: @ComicsZombie
Tumblr: TheComicsZombie
YT: ComicsZombie

User avatar
lavery01
Collector of the Month
Collector of the Month
Posts: 5907
Joined: Sun Oct 23, 2016 7:13 pm
Location: OC

Re: Thoughts on NFTs

Postby lavery01 » Tue Apr 04, 2023 4:52 pm

To me, it all depends on what’s being drop and the demand popularity seems to determine the price. I wouldn’t worry to much nft’s are well liked among the masses.
Hi I'm Latricia \:D/

Image

User avatar
Westlos420
Posts: 1360
Joined: Tue Jul 26, 2016 3:23 am
Location: Las Vegas
Contact:

Re: Thoughts on NFTs

Postby Westlos420 » Tue Apr 04, 2023 5:03 pm

It’s crazy how you can get LE numbered redeemables for around $25 which is basically the price of a pop plus shipping from Funko.
Image
Big D
Fundays 2017 - Making Fun World Premiere - FDO8LV - Fundays 2019 - FunKon
Star Wars Celebration 2022 - Fundays 2022
Dodgers for life!

IG: funko420

User avatar
Universal_ghost
Posts: 1641
Joined: Sat Feb 10, 2018 9:57 pm
Location: California
Contact:

Re: Thoughts on NFTs

Postby Universal_ghost » Tue Apr 04, 2023 5:29 pm

I think it's about the hype and what people want. I didn't see to many people want the redeems for HB2 but everyone wanted the horror stuff or the Halloween drops and even the April fools drop. It's all about what the people want more and that's when you start seeing higher prices for legendary and grails. Expect some drops to be like HB2 with not expensive redeems but then expect other drops like Halloween to have higher priced redeems.
Image

User avatar
Universal_ghost
Posts: 1641
Joined: Sat Feb 10, 2018 9:57 pm
Location: California
Contact:

Re: Thoughts on NFTs

Postby Universal_ghost » Tue Apr 04, 2023 5:30 pm

Westlos420 wrote:It’s crazy how you can get LE numbered redeemables for around $25 which is basically the price of a pop plus shipping from Funko.

I need to buy a few at that price.
Image

User avatar
jagpop
Posts: 3305
Joined: Thu Apr 14, 2016 3:24 pm
Location: So Cal

Re: Thoughts on NFTs

Postby jagpop » Tue Apr 04, 2023 5:33 pm

Drop popularity always baffles me. Drops that I think were going to be hot and impossible to grab were relatively easy. Drops that I thought no one was going to have interest in sellout quickly. Hard to gauge unless it's anime.
Image

I am not in danger, I am the danger! A guy opens his door and gets shot and you think that of me? No. I am the one who knocks!

User avatar
Oatmealman
Posts: 1482
Joined: Mon Aug 11, 2014 1:40 pm
Location: Tucson, AZ

Re: Thoughts on NFTs

Postby Oatmealman » Tue Apr 04, 2023 5:45 pm

The amount of packs has had some impact on prices as well. Certain sets have had WAY too many packs imo and then they have to burn the remainder. I know that happened with House of the Dragon, but didn't seem to hurt the secondary prices too much. The really niche sets like Sid and Marty Krofft and even HB2 were just that.. very niche and the prices reflect that.

I like what they did with the April Fools set and kept the supply a bit lower and I think that's why the prices are inflated a bit. As of writing this 70% of the standard and 80% of the premium packs have been opened.
Image
Matt
IG Oatmealman2287

User avatar
Westlos420
Posts: 1360
Joined: Tue Jul 26, 2016 3:23 am
Location: Las Vegas
Contact:

Re: Thoughts on NFTs

Postby Westlos420 » Tue Apr 04, 2023 6:25 pm

Universal_ghost wrote:
Westlos420 wrote:It’s crazy how you can get LE numbered redeemables for around $25 which is basically the price of a pop plus shipping from Funko.

I need to buy a few at that price.

No you don’t! lol
Image
Big D
Fundays 2017 - Making Fun World Premiere - FDO8LV - Fundays 2019 - FunKon
Star Wars Celebration 2022 - Fundays 2022
Dodgers for life!

IG: funko420

lilsnoopy714
Posts: 144
Joined: Thu Mar 02, 2017 2:07 am

Re: Thoughts on NFTs

Postby lilsnoopy714 » Wed Apr 05, 2023 11:44 am

ssklansky wrote:Kind of crazy to see value dropping so dramatically these last few drops. HB2 you can basically get Legendary cards less then the cost of a premium pack. Is this trend going to continue or is there going to be a spike. Thoughts?



Interest of specific pop has a big play into the value as well, look at the HOTD legendaries compared to the grail, the grail value has been solid since the drop.
Image

User avatar
Chingy
Posts: 662
Joined: Tue Aug 06, 2019 5:33 pm
Location: Los Angeles

Re: Thoughts on NFTs

Postby Chingy » Wed Apr 05, 2023 12:58 pm

ssklansky wrote:Kind of crazy to see value dropping so dramatically these last few drops. HB2 you can basically get Legendary cards less then the cost of a premium pack. Is this trend going to continue or is there going to be a spike. Thoughts?


Kind of to be expected though, no? All NFTs have gone through a boom peak then settled into a steady floor.
Image

User avatar
Sarcasticguy
Hall of Fame Class of 2023
Hall of Fame Class of 2023
Posts: 4406
Joined: Tue Aug 11, 2015 6:07 pm
Location: Phoenix, Arizona
Contact:

Re: Thoughts on NFTs

Postby Sarcasticguy » Wed Apr 05, 2023 1:10 pm

Not really shocked, NFTs are very volatile like crypto currency AND NFTs have to appeal to the collector. If a set isn't popular, it's going to be worth less.
Hi, I'm Scott.
Instagram: @Sarcasticguy89
Image
ISO:
Any Fallout Protos
Aliens Ellen Ripley Rock Candy Proto
Furiosa and Normal Immortan Joe Protos
SDCC '13 Bloody Predator Pop!
Retro Freddy Thor | Retro Freddy Skeletor

ArmyGuy2017
Posts: 311
Joined: Sun Apr 15, 2018 9:02 pm
Location: Huntington Beach CA
Contact:

Re: Thoughts on NFTs

Postby ArmyGuy2017 » Thu Apr 06, 2023 11:30 pm

I like to collect so this is another line to chase for me
Attended Fundays : 2017,2018,2019,2022,2023 FDO9 Valencia Funko Hollywood Grand Opening 2022 Mask O Raid

ssklansky
Posts: 13
Joined: Wed Mar 29, 2023 5:41 pm
Contact:

Re: Thoughts on NFTs

Postby ssklansky » Fri Apr 07, 2023 10:40 am

ssklansky wrote:
CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


Yeah, i think that is a weird anomaly. But with only 4 epics, price would be high anyway I think. I don't think sets have been high value since Halloween 2


Yeah H2 was the last big one. All the others seem to have taken a dip. I almost feel like buying the card and redeemable are better then ripping packs. Look at Nick 2, I only wanted Rocko and Bighead. Just simpler to buy the cards and be done.

ssklansky
Posts: 13
Joined: Wed Mar 29, 2023 5:41 pm
Contact:

Re: Thoughts on NFTs

Postby ssklansky » Fri Apr 07, 2023 10:44 am

Batcavehero24 wrote:Many ppl including me thought HB2 drop was pretty lackluster. Just depends on how cool the Freddy Royalty or Redeemables are. Has to be :cherry: bomb


I only collect certain franchises or even character within a franchise so it makes it easier to pick and choose. If I don't like the royalty I won't even by packs, I will just by the redeemable cards.

User avatar
Beaniiman
Posts: 170
Joined: Thu Jul 27, 2017 7:14 pm
Location: Madison, WI
Contact:

Re: Thoughts on NFTs

Postby Beaniiman » Fri Apr 07, 2023 10:50 am

mongoose12 wrote:
CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


Also 3 Freddy redeemable…ijs


There is only one 2 redeemable + Royalty unless I am missing something.
ßeaniiman :freddy3:

User avatar
mongoose12
Posts: 13424
Joined: Mon Jul 14, 2014 2:27 pm
Location: Miami Beach
Contact:

Re: Thoughts on NFTs

Postby mongoose12 » Fri Apr 07, 2023 10:56 am

Beaniiman wrote:
mongoose12 wrote:
CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


Also 3 Freddy redeemable…ijs


There is only one 2 redeemable + Royalty unless I am missing something.


thats what i was referring to, the royalty is an item you can redeem. :freddy1:
Image

User avatar
gospeedracer
Posts: 1694
Joined: Sat Mar 11, 2006 3:56 pm
Contact:

Re: Thoughts on NFTs

Postby gospeedracer » Fri Apr 07, 2023 11:49 am

CaseyJones14 wrote:I mean you can look at the April Fools set and see that changed already lol

Premium packs are selling for $75ish and Epics are $30+


I still have 2 premium packs of April Fools to open. I'm just trying to finish a couple of royalty sets 1st. Obviously hoping for a grail. Hit the grail in premium pack of HOD. Probably get rid of that one :freddy3: :freddy1:

User avatar
Toys R Us Kid
Posts: 1824
Joined: Mon Aug 14, 2017 12:06 pm
Location: Bay Area, CA
Contact:

Re: Thoughts on NFTs

Postby Toys R Us Kid » Fri Apr 07, 2023 12:29 pm

I don’t mind the lower values because they’re more attainable for me lol

- I think if you’re looking from a value standpoint, every new line/wave/etc has the same hype curve. High when it’s new, then people get used to it or even overwhelmed, then when it’s been forgotten and sits in the hands of forever homes, value climbs back up. Same cycle it seems.
Jorge, here! Instagram: toys.r.us.kid
Image
Fundays 2018, 2019, 2022, 2023 | "Making Fun" Hollywood Premier | Funko Hollywood Grand Opening
Fright Night II 2022 | Mask - O - Raid 2022 | FDO9 Sacramento | Funkon I & II

billyconard
Posts: 242
Joined: Mon May 22, 2017 7:35 pm

Re: Thoughts on NFTs

Postby billyconard » Fri Apr 07, 2023 12:44 pm

It's really just like any collectible - physical or virtual. Supply and Demand driving everything over time. FOMO and other behaviors (market timers, flippers, etc.) skewing demand and value at times - usually upon initial release.

I think the lasting "value" of the NFTs will align to the popularity of the brand. Collect what you love because you love it. Not because you think you're going to get rich from it. If you're looking at these as long term investments - best of luck to you. You might get lucky with some that appreciate over time, but most will decline in value as demand wanes.

User avatar
S_E_R_G_I_O
Posts: 1192
Joined: Sat Jul 25, 2015 6:22 am
Location: Houston Texas
Contact:

Re: Thoughts on NFTs

Postby S_E_R_G_I_O » Fri Apr 07, 2023 2:29 pm

The only ones I own are game of thrones.
Instagram - thefunkocouple
ImageImage

User avatar
DrunkoPop
Posts: 7150
Joined: Sat May 04, 2019 4:23 pm
Location: Astoria,NY
Contact:

Re: Thoughts on NFTs

Postby DrunkoPop » Fri Apr 07, 2023 3:05 pm

ssklansky wrote:Kind of crazy to see value dropping so dramatically these last few drops. HB2 you can basically get Legendary cards less then the cost of a premium pack. Is this trend going to continue or is there going to be a spike. Thoughts?


I’m an avid collector, so the the lower the better for me lol
Image Image
ImageImage
Image

User avatar
Rice71
Posts: 1273
Joined: Wed Mar 08, 2017 1:19 pm
Location: Bay Area

Re: Thoughts on NFTs

Postby Rice71 » Fri Apr 07, 2023 3:53 pm

I’m hoping to see new sets. Skipped the last couple of drops. Miss April fools, lost track of time by 10mins. For me the Freddy drops are my favorite. Halloween 1 and 2. April fools but prices are two much now.
For any other drops if I buy packs on release the epics are what will keep me going or stop me. If I need only a couple to complete I’ll finish it but if I got 1 or 2 and it’s a 10-12 epics to finish. I’ll probably stop
ImageImage
ImageImage

User avatar
pberickp
Posts: 2061
Joined: Sun Apr 15, 2018 8:30 pm
Location: San Diego

Re: Thoughts on NFTs

Postby pberickp » Fri Apr 07, 2023 5:43 pm

I really think it depends on the license. Also the number of packs is a large determinant, supply and demand. Fortunately for me I collect Teen Titans Go! and those prices are super low.
Hi, my name is Erick. I live in San Diego and I love Spastik Plastik.
ISO: Luther (glow), metallic green Sam, Pulpos from SDCC Funko Supermarket, & any T-Bone other than blue and red.
SDCC 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2021, 2022
ImageImage

ssklansky
Posts: 13
Joined: Wed Mar 29, 2023 5:41 pm
Contact:

Re: Thoughts on NFTs

Postby ssklansky » Tue Apr 11, 2023 12:12 pm

DrunkoPop wrote:
ssklansky wrote:Kind of crazy to see value dropping so dramatically these last few drops. HB2 you can basically get Legendary cards less then the cost of a premium pack. Is this trend going to continue or is there going to be a spike. Thoughts?


I’m an avid collector, so the the lower the better for me lol


I here you, less ripping more buying the cards.

User avatar
XSRK
Posts: 1406
Joined: Wed Jul 12, 2017 11:38 pm
Location: Batcave

Re: Thoughts on NFTs

Postby XSRK » Wed Apr 12, 2023 2:27 am

Sarcasticguy wrote:Not really shocked, NFTs are very volatile like crypto currency AND NFTs have to appeal to the collector. If a set isn't popular, it's going to be worth less.


I agree 100%. I think the craze has died down. To think at some point in time there was a bored ape nft worth as much or even more than some da Vinci paintings is crazy to me.
Image

User avatar
stayf3d
Posts: 1352
Joined: Tue Jul 31, 2018 8:38 pm
Location: San Diego

Re: Thoughts on NFTs

Postby stayf3d » Wed Apr 12, 2023 3:32 am

Big fan of the NFT pops, but wish it was easier to buy on atomic hub. Had a hard time at first getting waxx in order to buy on secondary
:freddy3:

Wondercon & SDCC since 2011
ISO: Lost & Game of Thrones Protos

User avatar
Ginzo1622
Posts: 3828
Joined: Sun Jan 13, 2019 3:31 pm
Location: New Jersey
Contact:

Re: Thoughts on NFTs

Postby Ginzo1622 » Wed Apr 12, 2023 6:44 am

stayf3d wrote:Big fan of the NFT pops, but wish it was easier to buy on atomic hub. Had a hard time at first getting waxx in order to buy on secondary


I think it should get better along the way
Fundays 2022 - Proto Robots
Fright Night 2022
Fundays 2023 - Protomoa Wolves


Don't stand in my way!!!

:whdat:

User avatar
FunCo010
Posts: 250
Joined: Sat Oct 16, 2021 4:10 pm
Location: Rotterdam, The Netherlands
Contact:

Re: Thoughts on NFTs

Postby FunCo010 » Wed Apr 12, 2023 7:23 am

Will the next drop announcement be this thursday or friday?? What do you think?
Image
PLEASE FOLLOW ME ON INSTAGRAM: FUNCO010


Return to “NFT/Digital”

Who is online

Users browsing this forum: Google [Bot]