Hey, Toy Story Fans we have got a piece of good news for you. Do you know that you can now own your favorite Pixar character as an NFT? We know the news is amazing because finally Pixar Animation Studio, a subsidiary of Disney, is here with the Pixar NFT collection for the fans. We know the news is big, so let’s have a look at it in detail.
NFTs stand for the Non-Funigble tokens. These are the tokens that are minted on the blockchain and carry the ownership of the asset. You can find the famous NFTs like CryptoPunks being sold for millions of dollars and the most recent entry in the NFT game is the Pixar NFT collection.
The animation company has minted the famous character’s NFTs and videos on the blockchain and made it public for people to buy. The company does not auction the NFTs, so the first ones get the benefits.
However, the company did set a few rules about the NFT sale and we know that you are eager to find out everything about it. So, what are you waiting for now? Let us start the post and clear all your queries.
Pixar NFT Collection
The Pixar NFT Collection was launched on the NFT Marketplace Veve. A total of 54,995 NFTs were minted on the marketplace and all of them were sold within 24 hours of the launch.
The NFT collection contains the NFTs of the famous characters and iconic scenes that have got a separate fan base. The Pixar NFT Characters included Sheriff Woody, Mike Wazowski, Lightning McQueen, The House from Up, and Edna Mode.
Cost Of Pixar NFT
The cost of each Pixar NFT in the Disney Pixar NFT collection was 60 Gems, equivalent to the US $60. We gems are the native tokens used on the Veve platform that follow the ratio of 1:1 with the US dollar.
If you bought an item worth 60 Gems on the Veve platform, it will equal 60 dollars.
How Were The Pixar NFTs Sold
The best thing about Pixar selling the NFTs was the blind box. The buyers of the NFTs were asked to pay the amount and the NFT was not pre displayed to them.
Many NFT collections follow this type of selling procedure. This creates a sense of excitement among the buyer about the type of NFT they are going to receive.
Where Can You Buy Pixar NFT Collection
Although, all the Disney Pixar NFTs were sold out within 24 hours of launch. However, you can still purchase them on the secondary NFT marketplaces. It has been noticed that the Disney Pixar NFTs are being sold for US $350 now on these NFT places.
Why Is Disney Launching Pixar NFT Collection
There is no doubt that Disney is fascinated by Web 3.0. A couple of months ago Disney filed a patent for the Disney Metaverse with the USPTO. We know that the Internet is evolving and the upcoming era will be dominated by Metaverse and NFTs. Although Disney has designed the blueprint of the Disney Metaverse concept. So, how can you not expect it to release the NFT collection?
It is no wonder that the company has given birth to thousands of characters and the first Pixar NFT Collection sale was estimated to be around the US $3.3 million in just 24 hours. So, you can expect more such sales in the future.
Wrapping Up
Well, that is all about the Pixar NFT collection. If you are looking forward to buying these NFT collections you can look for them in Secondary marketplaces such as Opensea. Well, looking at the hiked price in the Secondary Marketplace, one can say for sure that NFTs are a good investment.
However, we would also like to draw your attention to the fact that we are not an investment website. So, we do not recommend any kind of investment. We have just bought you the facts and fingers. Do your own research before investing.
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