Stan Lee’s Digital Collectibles Instantly Sold Out, Surging 500% Despite Sluggish NFT Market Recovery

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.