On Monday, KARTOON Studios reported that their batch of over 8,000 Stan Lee digital collectibles sold out almost immediately, demonstrating robust demand for virtual assets despite the slow recovery of the non-fungible token (NFT) market.
This release, in honor of the legendary comic book writer’s 100th birthday, marked the initial phase of a broader Stan Lee collectibles universe rollout, as stated by Kartoon. Stan Lee, renowned for creating numerous iconic superheroes like Spider-Man, the Hulk, and Iron Man, continues to inspire collectors and fans alike.
The collectibles were priced at US$15 each, resulting in a revenue of approximately US$120,000 from the sale of 8,294 items, according to Kartoon Studios’ partner VeVe.
During Monday morning New York time, the value of these collectibles surged by at least 500%. The cheapest collectible was listed for sale at US$81, while the most expensive reached a price of US$749, as reported by the VeVe Collectible app.
While the cryptocurrency markets have experienced a resurgence, with Bitcoin’s value rising by 76% this year, NFTs have faced more challenges. The highest-valued NFT CryptoPunks increased by just 19% in US dollar terms, according to CoinGecko, following the turmoil triggered by the collapses of major exchanges like FTX Trading and BlockFi.
