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Despite the bear market, WAX co-founder William Quigley expressed optimism about the potential of NFT technology.Funko and Disney Introduce NFT Trading Cards:In a unique partnership, Funko, renowned for its collectible Pop! figurines, has teamed up with Disney to release nonfungible token (NFT) trading card packs. These digital trading cards are now available on the WAX blockchain, converting beloved Pop! figurines into digital collectibles. Funko Pop! collectibles, cherished by collectors, are known for their compact size and bobblehead designs, and some of these figurines have fetched prices as high as $100,000 on the secondary market. These collectibles feature popular characters from franchises like Marvel, Star Wars, and DC Comics, often portrayed in various outfits and striking poses. The collaboration introduces a new series of Funko Digital Pop! collectibles, featuring Disney&#39;s iconic characters like Mickey Mouse, Minnie Mouse, and Donald Duck. These digital NFT trading card packs were released on December 12 at 7:00 pm UTC, and purchasers have the chance to acquire rare physical Funko Pop! figures alongside their digital counterparts.According to William Quigley, co-founder of WAX, despite the crypto market&#39;s bearish trend, the appeal of NFT technology remains strong. He emphasized the enjoyment consumers find in collecting digital collectibles and connecting them to physical ones, as exemplified by Funko&#39;s collaboration. Quigley anticipates that more traditional companies will follow suit and embrace Web3 technology as they witness successful use cases, despite initial concerns stemming from market fluctuations.Sotheby&#39;s Auctions Bitcoin Ordinals Project:Sotheby&#39;s, a prestigious fine arts auction platform, is currently hosting an auction for BitcoinShrooms, a project based on the Bitcoin blockchain known as Bitcoin Ordinals. The auction, held in New York from December 6 to December 13, features a collection created by artist Shroomtoshi. This collection comprises various references, including technical aspects of Bitcoin and iconic Bitcoin memes. Sotheby&#39;s describes the collection as a masterful yet playful exploration of Bitcoin&#39;s history, culture, and core technicalities. It provides a unique perspective on Bitcoin&#39;s early adopters. As of now, bids for different BitcoinShrooms pieces range from $28,000 to $55,000 each.Solana and Bitcoin Challenge Ethereum in NFT Sales:The NFT market landscape has witnessed a shift as Solana and Bitcoin, two emerging players, make significant strides, challenging Ethereum&#39;s previous dominance. On December 12, Bitcoin surpassed Ethereum in 24-hour sales volume, with NFT sales on the Bitcoin network exceeding $24 million, driven in part by the success of various Bitcoin Ordinals NFTs. Additionally, Bitcoin outperformed Ethereum in metrics such as 30-day sales volume, with Bitcoin achieving over $463 million in sales compared to Ethereum&#39;s $373 million. Meanwhile, Ethereum still maintains its position with over $16 million in daily sales, thanks to popular NFT collections like Matr1x Kuku and Pudgy Penguins. Solana has also entered the competition, ranking third with a 24-hour sales volume exceeding $6 million. Solana&#39;s success can be attributed to NFT collections such as Tensorians, DeGods, and Gaimin Gladiators.While Bitcoin is making notable gains in the NFT market, it has yet to surpass Ethereum&#39;s all-time sales record, which exceeds $41 billion. Currently, Bitcoin&#39;s all-time sales total $1 billion, placing it at the sixth position among NFT networks.That concludes today’s WedNewsDay, we hope you all had fun reading it! Keep an eye out for WedNewsDay the following week and don’t forget to follow us on social media. Thank you!Follow us on:Website | <a href="https://werentnft.io/" rel="noopener noreferrer nofollow">https://werentnft.io/</a>Instagram | <a href="https://www.instagram.com/werent_nft/" rel="noopener noreferrer nofollow">https://www.instagram.com/werent_nft/</a>Twitter |<a href="https://twitter.com/WebuyOfficial" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/WerentOfficial" rel="noopener noreferrer nofollow">https://twitter.com/WerentOfficial</a>Medium |<a href="https://medium.com/&#64;webuynft" rel="noopener noreferrer nofollow"> </a><a href="https://medium.com/&#64;werentnft" rel="noopener noreferrer nofollow">https://medium.com/&#64;werentnft</a>Facebook | <a href="https://www.facebook.com/werentnft" rel="noopener noreferrer nofollow">https://www.facebook.com/werentnft</a>Youtube | <a href="https://www.youtube.com/&#64;WeRentNFT" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;WeRentNFT</a>

WEDNEWSDAY! Funko and Disney Collaborate on NFTs, Sotheby's Bitcoin Ordinals Auction, and More!

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