July 25, 2023

Kartoon Studios Says All Stan Lee NFTs Sold out Immediately

Stan Lee NFT

Stan Lee NFT

Kartoon Studios Inc. announced that its batch of Stan Lee NFTs had been sold out straight away as the trading volume increased by 500%.

In a press release, Kartoon Studios said the release of these NFTs comes in conjunction with the 100th anniversary of the famed comic book writer’s 100th birthday, marking the first phase of the rollout of Stan Lee digital collectibles. The legendary comic writer was behind creating famous superheroes including Spider-Man, the Hulk, Iron Man, and more.

Stan Lee’s NFT collection, named “Celebrating Stan Lee,” consists of 8,294 NFTs. Each one is priced at $15 so the revenues of the NFTs recorded $120,000, according to the VeVe website, the partner of Kartoon Studios.

VeVe also pointed out that the NFTs had risen by at least 500% on Monday morning New York time, as the cheapest collectible available was priced at $81, while the most expensive was $749.

In this regard, Senior Vice President Global Consumer Products of Kartoon Studios Lloyd Mintz said he is pleased with the outcomes of the sales of the first batch, expressing his happiness for the cooperation with VeVe for commemorating Stan’s life and accomplishments.

Meanwhile, CEO of VeVe Digital Collectibles David Yu noted: “This sale marks an important turning point in the digital collectibles market. Our new collection of limited-edition digital collectibles embraces his [Stan Lee] curiosity utilizing the latest technological innovations and commemorating his legacy with a new and fun foray into the digital collectibles world.”

Celebrating Stan Lee features four digital collectibles for fans in Chibi style, which is a popular style of caricature originating in Japan and common in anime and manga. The collection includes four characters of Stan Lee, which are The King of Cameos, ‘Nuff Said!, Excelsior!, and The Amazing Stan Lee.

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