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Marvel and DC bar comic book artists from selling superhero NFTs

September 13, 2021 Coin Telegraph

Art

The comic book publishing giants want to maintain sole control of their intellectual property in the NFT space.

Marvel and DC seem to be breaking away from the established tradition of allowing creators and artists to sell original prints of published works due to their reported plans for entry into the nonfungible token (NFT) space.

According to Bloomberg, the two comic book staples have barred artists from selling NFTs of the characters they create for the company.

Both Marvel and DC reportedly have designs on leveraging their vast collection of comic book art in the expanding NFT scene, potentially a new market for selling collectibles.

Indeed, Marvel has already made forays into the NFT space, selling digital collectibles of the Spider-Man character back in August.

By preventing artists from selling derivative works based on their comic book creations, the likes of Marvel and DC could be precluding creators from a significant revenue source.

Indeed, there has been some controversy over the lack of significant payments made to comic book artists from the success of derivative media such as Hollywood movies based on their superheroes.

However, Bloomberg reported that Marvel plans to provide secondary revenue opportunities for artists and creators on the VeVe platform.

Marvel and DC selling NFTs is part of a broader trend involving major franchises interacting with the nonfungible token space.

The NFT market has risen from an obscure crypto niche to become a noticeable sector of the expanding digital economy.

Corporate brands have begun to target the NFT space by launching digital collectibles and acquiring popular NFTs. In August, card payment giant Visa splashed about $150,000 on Crypto Punk #7610.

However, the massive growth experienced in the summer months seems to have waned considerably, with NFT volume on OpenSea down 50% as previously reported by Cointelegraph.

Apart from trading activity, sales and floor prices of “blue-chip NFTs” have also plummeted in September.

Marvel to Drop Captain America NFT Statues, Fully-Readable Amazing Spider-Man #1 NFTs

August 31, 2021 Bitcoin.com

Marvel reveals official NFTs will be available on VeVe marketplace by 2022

June 25, 2021 Coin Telegraph

Business

Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America.

The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel.

In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will include digital collectibles and comic books which Marvel fans can trade as well as display in virtual showrooms.

“We hope to expand the limits of what Marvel fandom can be, starting with personal and interactive digital collectibles that, through NFTs, fans can truly collect, share, and enjoy in a way that they have not been able to do before,” said Marvel’s vice president of business development and strategy Daniel Fink.

All the Marvel digital collectibles will be minted on the blockchain and be available for users to buy and sell to others on VeVe’s secondary marketplace with the in-app token Gems (GEM). The VeVe app accepts credit card payments for the tokens, and already offers digital collectibles with characters from DC Comics, Star Trek, and other franchises. Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America.

Though Marvel has largely not been directly involved with the crypto space, individual artists can still offer their work featuring known characters. In February, an NFT featuring a Spiderman drawing by Adam Kubert sold for more than $25,000 on Portion.io, a platform that allows users to create and auction rare art.

In addition, digital assets and aspects of the crypto space have found their way into the Marvel Cinematic Universe. The third episode of The Falcon and the Winter Soldier series available on Disney+ had a reference to a $59 million Bitcoin (BTC) bounty.

The VeVe marketplace has reported it sold more than 580,000 NFTs since December 2020. Cointelegraph reported in May that NFT trading volume across the space could reach $175 million by October, with an industry market capitalization of $470 million.

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marvel