Marvel Announces NFTs on VeVe Marketplace Mclean
Main page News, Crypto Market, NFT
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June 25, 2021

Marvel's universe is coming to the blockchain industry as the well-known publisher of comic books has announced a partnership with Orbis Blockchain to launch non-fungible tokens (NFTs). According to an announcement, the NFTs will represent Marvel's comic books, 3D statues, and digital collectibles through mixed reality on Orbis Blockchain's marketplace called VeVe. The platform is available as an application for both devices on iOS and Android.

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Marvel says fans can buy, trade and hunt for rare NFTs in the coming months. To buy the NFTs, users will need to purchase Gems (GEM), which is VeVe’s in-app native token. The NFTs will reportedly not be available for direct fiat purchase. Dan Buckley, President of Marvel Entertainment, claims that VeVe understands the true idea of collecting and the publisher is looking forward to extending that experience for its fans "over the years to come."

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Marvel's interest in the NFT market appears despite reports that the collapsed as sales dropped by almost 90%. As Protos earlier found out, the market peaked on May 3, when sales of NFTs reached a whooping $102 million just in a single day. Since then, market sales have dropped significantly.

Nonetheless, the fading interest in the market does not stop newcomers from trying to make a pile. iHodl reported that Sir Tim Berners-Lee, also known as the inventor of the World Wide Web, plans to auction source code of the Internet as an NFT. The source code, which was written by the scientist in 1990 and 1991, is integrated into the NFT, which will be auctioned until June 30.

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