Marvel Launches Spider-Man NFTs

Popular media and entertainment company Marvel will be dropping its first-ever non-fungible tokens (NFTs) this weekend, featuring Spider-Man digital collectibles.

This first set of NFTs from Marvel will drop on app-based NFT marketplace VeVe, under a recent partnership with Orbis Blockchain Technologies Limited, the operator of VeVe.

More NFTs to Come from Marvel

According to the information shared by VeVe, the Spider-Man digital collectibles will be exclusively listed on the platform from August 7 at 8am PT. Marvel is expected to release about five different collectibles, ranging from US$40 to US$400 per piece. 

This will mark the first time Marvel fans will be able to purchase or interact with NFTs officially released by the comics giant. However, Marvel intends to drop more contents on the NFT marketplace, featuring 3D statues of comic superheroes and digital comic books, in coming weeks. 

The Spider-Man collectibles will be reportedly minted on Ethereum second-layer network, Immutable X.

NFT Sales Keep Soaring

Marvel’s Spider-Man collectibles come at a time where interest and sales in the NFT market are hitting the roof. Data from NonFungible shows that more than US$547 million changed hands in sales over the past 30 days and over US$42 million in the past 24 hours. 

CryptoPunks did US$172 million in seven-day volume, followed by Art Blocks and Meebits with US$57 million and US$17 million, respectively. 

NFTs certify ownership to rare or unique items on the blockchain. On July 21, Crypto News reported that one-of-a-kind 2017 painting CryptoMother, aka the “Crypto Mona Lisa“ would be auctioned by NFT STARS, an Australia-based NFT marketplace. The artwork is signed by Vitalik Buterin, co-founder of Ethereum, and previously attracted a bid of US$6 million in 2018. It can only go higher.