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Mattel reportedly jumped into NFT hype with a digital collection of Hot Wheels

Mattel offers its own NFT using Hot Wheels Digital Art.

Courtesy: Mattel

Mattel We plan to take advantage of the latest cryptocurrency trends by auctioning the first digital artwork featuring Hot Wheels vehicles. The New York Times reported On thursday.

According to The Times, the toy maker will sell three unique digital arts in the form of NFTs or non-fungible tokens in the Hot Wheels NFT Garage series on Mattel Creations’ website. According to the report, the sale will feature classic Hot Wheels cars, Twin Mills, Bone Shakers and Deora II.

According to The Times, the auction runs for a week and the winner has the option to pay via cryptocurrency Ethereum, Another for the company. According to The Times, Mattel is planning an NFT auction for other toy brands.

Mattel did not immediately respond to the request for comment.

NFTs are a type of digital asset designed to use blockchain technology to track ownership of virtual items such as online photos and videos. NFT Soaring Popular with other digital currencies earlier this year Bitcoin..

For more information on Mattel’s announcement, see the New York Times report.

https://www.cnbc.com/2021/06/17/mattel-reportedly-jumps-on-nft-hype-with-hot-wheels-digital-collectibles.html Mattel reportedly jumped into NFT hype with a digital collection of Hot Wheels

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