Stan Lee Digital Collectibles Fly Off the Shelves, Gain 240%-5,000% in Value
Media company Kartoon Studios (formerly, Genius Brands) announced a "complete and near-instantaneous" sale of over 8,000 Stan Lee digital collectibles for $120,000 in revenue.
On July 24, the company said that it, through its partnership with the VeVe marketplace, saw these collectibles flying off the shelves.
Stan Lee, working alsongise Marvel writers/artists, especially Jack Kirby and Steve Ditko, produced some of the globally most popular characters. Some of his brain children include the Hulk, Iron Man, Spider-Man, Thor, the X-Men, and Black Panther, and many others.
The 'Celebrating Stan Lee' collection features four digital collectibles created in Chibi style - a popular caricature style originating in Japan and commonly seen in anime and manga.
The collection includes: The Amazing Stan Lee (2,922 editions, rarity uncommon), The King of Cameos (Lee was well-known for his cameo appearances; 2,400 editions, rare), Excelsior! (his famous comic book sign-off; 1,922 editions, ultra rare), and ‘Nuff Said! (one of his signature expressions; 1,050 editions, secret rare).
According to VeVe, 8,294 NFTs were available for sale, each with the list price of $15 - meaning that the drop netted $120,000 in revenue.
By Monday, they had risen by least 500%, Bloomberg reported, with the cheapest collectible selling for $81 and the most expensive for $749.
On Tuesday morning (CET), per VeVe Setlist, the cheapest one available for sale, The King of Chameos, was up by 240% to $51 (down 9% in a day), while the priciest one, ‘Nuff Said!, jumped nearly 5,000% to $755.
Excelsior! was $98 (down 10% in 24 hours) and The Amazing Stan was selling for just below $84.
VeVe said that a 2.5% secondary market fee would be added to all sales.
Lloyd Mintz,
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