Video Game Developer Capcom Launches A Series Of Street Fighter II-Inspired NFTs On WAX Blockchain
Video Game Developer Capcom Launches A Series Of Street Fighter II-Inspired NFTs On WAX Blockchain
February 20, 2021
Video Game Developer Capcom Launches A Series Of Street Fighter II-Inspired NFTs On WAX Blockchain
Video Game Developer Capcom Launches A Series Of Street Fighter II-Inspired NFTs On WAX Blockchain
February 20, 2021

Capcom, the video game developer, which is the latest pop culture brand to enter the crypto-collectibles space, has launched a series of Street Fighter II-inspired NFTs on the WAX blockchain on February 18.

It has been reported that the digital trading cards feature renderings of characters from the ever-popular arcade game, first released 30 years ago in 1991.  

However, digital packs containing 10 and 60 Street Fighter II cards will be available for purchase through credit card only. Cards are released from packs in an “unpacking” process that simulates the opening of a physical trading card pack, and can also be “crafted” to form other NFTs. Unopened packs of cards frequently sell on secondary markets for much higher prices.

ALSO READ :  Russian Political Opposition Leader Alexey Navalny Is The Latest Subject To Be Tackled By The NFT Art World

The report said that the sale started on February 18 at 12:00 PM EST and lasted for 24 hours, during which time an unlimited number of packs had been sold. Unpacking and crafting abilities were enabled immediately upon the conclusion of the sale.

It has been analyzed that digital collectibles have been on a tear in 2021, with more than $133 million in NFT sales in the last 30 days.

Lee Jenkins, the Product Manager at WAX, said that he believes blockchain technology means now is “the first time that digital ownership is truly comparable to physical ownership of an item.”

Jenkins added:

“Collectors can now own a digital item forever. They can collect, buy, sell and trade, and items are easily verifiable as authentic, with verifiable scarcity and rarity.”

He further said:

“For those companies that understand blockchain, they realize that digital collectibles (NFTs) are blockchain’s killer app, allowing them to offer products and services that were never before possible without blockchain technology.”

Also, Jenkins believes that such factors allow WAX’s secondary markets to service the business of individual collectors. He points to statistics showing the average secondary market sale on WAX to be $3.66, whereas this same statistic for competitors is $1,608 on OpenSea and $533 on Rarible.

ALSO READ :  Crypto Emergency App Guardian Circle Sees A Huge Surge In Monthly Downloads Due To COVID-19 stated that WAX-based projects account for 17 of the top 30 NFT producers by secondary sales volume, although Ethereum-based projects still comprise the majority of total sales.

Thus, with slightly over $1.3 million in sales on the secondary market, WAX’s best-selling NFT brand is Topps’ Garbage Pail Kids, their most recent release being a caricature series based on a meme-worthy pose by US senator Bernie Sanders.

Source: Cointelegraph


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

MicroStrategy Hits Another $10 Million Purchase

MicroStrategy Hits Another $10 Million Purchase

MicroStrategy has hit another $10 million purchase after March 4 (Thursday’s) market uncertainty. It has been reported that Michael Saylor, the CEO of MicroStrategy, said that the company purchased another 205 BTC at...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.