nfts

nfts

Photo courtesy of Jadu

With plans to sell thousands of NFT avatars, augmented reality (AR) startup Jadu is betting gamers will want to own and invest in personal video game characters.

At the end of August, the Los Angeles-based company will sell 11,111 robot avatars, called AVAs, which can be used as playable characters on Jadu’s upcoming mobile app. The NFTs, or non-fungible tokens, will also come with commercial rights, meaning holders could—hypothetically—slap a character’s likeness on a t-shirt and sell it.

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Teens crawling the mall—if there are any who still do so—will soon be able to pick up an NFT under the dim lights of Hot Topic.

Toonstar, a Los Angeles-based Web3 animation studio, is joining Hot Topic, Inc. as the retail company’s official Web3 partner, the companies announced Wednesday. Creating NFTs related to Toonstar’s original projects and Hot Topic IP, Toonstar will facilitate NFT sales that can then be redeemed as physical merchandise in stores. The partnership will also include community-driven digital projects and will work with brands featured in Hot Topic to create new Web3 activations.

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