{"id":35848,"date":"2022-11-22T00:38:23","date_gmt":"2022-11-22T00:38:23","guid":{"rendered":"http:\/\/egrowonline.com\/?p=35848"},"modified":"2022-11-22T00:38:23","modified_gmt":"2022-11-22T00:38:23","slug":"mattel-launches-nft-platform-via-mattel-creations-pivots-from-wax-to-flow-blockchain","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=35848","title":{"rendered":"Mattel Launches NFT Platform Via ‘Mattel Creations,’ Pivots From WAX To Flow Blockchain"},"content":{"rendered":"


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Toy manufacturer Mattel is doubling down on their NFT pursuits, announcing the launch of NFTs on a new dedicated platform, \u2018Mattel Creations,\u2019 this week. In a press release obtained by Bitcoinist on Monday, Mattel shared their new platform pursuits, which are expected to be headed by the latest series of the toy company\u2019s Hot Wheels NFTs.<\/p>\n

Let\u2019s take a quick look at what this latest announcement from Mattel is all about, it\u2019s new blockchain of choice, and what to expect looking ahead.<\/p>\n

Hot Wheels NFTs: Pedal To The Metal<\/span><\/h4>\n

Hot Wheels NFTs have been one of the most successful NFT projects to operate on the WAX blockchain, but once Mattel Creations formally launches it\u2019s NFT support (which is anticipated in early 2023), it\u2019ll no longer be the blockchain of choice for Mattel and it\u2019s Hot Wheels NFTs. The signature toy is heading into it\u2019s fourth series of NFT releases, and the new platform is a bull signal for NFT fanatics, reflecting a continued and vested interested in NFTs for the toy brand that bodes well for blockchain based collectibles moving forward.<\/p>\n

In the meantime, Mattel Creations<\/a> is already underway, albeit not with NFT support. Creations brings to life a \u2018toys as art\u2019 inspiration, and digital goods will continue to supplement that. Previously, Hot Wheels NFTs have generally sold in packs priced at $25, including a voucher for a physical Hot Wheels car, and have typically sold out quickly. Creations is also host to a bevy of the toymaker\u2019s culture-first collaborations, which will also be ripe for NFT engagement.<\/p>\n

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Flow blockchain (FLOW) has found a big winner with Mattel, who is departing the WAX blockchain to move their dedicated platform on Flow. | Source: FLOW:USD on TradingView.com<\/a><\/pre>\n
More From Mattel<\/span><\/h4>\n
As successful as Hot Wheels releases have been, expect more IP from the legacy toy brand to potentially hit their NFT marketplace last year. The most likely candidate is Barbie, who has seen an NFT release previously, as part of a collaboration with fashion house Balmain.<\/p>\n
In the big picture, Mattel has arguably hit a home run when it comes to introductory NFT strategy among brands. According to data provided from WAXMarketCap<\/a> and CryptoSlam<\/a>, Mattel\u2019s Hot Wheels releases have been a hit, yielding north of $5M worth of NFT sales on the chain across over 20,000 users. Additionally, Hot Wheels has sustained relevance on the chain and still sits in the top 3 among volume over the past 30 days on WAX. It\u2019ll be a major win for both Flow and Mattel to move to a dedicated platform.<\/p>\n
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Featured image from Pexels, Charts from TradingView.com
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\nThe writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.<\/pre>\n
This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.<\/pre>\n<\/div>\n<\/div>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Toy manufacturer Mattel is doubling down on their NFT pursuits, announcing the launch of NFTs on a new dedicated platform, \u2018Mattel Creations,\u2019 this week. In a press release obtained by Bitcoinist on Monday, Mattel shared their new platform pursuits, which are expected to be headed by the latest series of the toy company\u2019s Hot Wheels […]<\/p>\n","protected":false},"author":1,"featured_media":35849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[73,12460,4431,288,12459,307,12144,487,1236],"class_list":["post-35848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain","tag-creations","tag-flow","tag-launches","tag-mattel","tag-nft","tag-pivots","tag-platform","tag-wax"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/car-g9cd855b8c_1280.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35848"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35848\/revisions"}],"predecessor-version":[{"id":35850,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35848\/revisions\/35850"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/35849"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35848"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}