Cryptoys, a digital collectible platform backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys. The platform will feature iconic characters such as Darth Vader, Luke Skywalker, and Princess Leia. According to Cryptoys, 15 digital action figures will be available to collect, and the initial Star Wars non-fungible token (NFT) drop will begin on May 24th.
The Miami startup Onchain Studios crafted the digital collectible platform, which recently partnered with Disney to bring the latest Star Wars collection featuring classic characters. The announcement notes that the digital action figures will be “paired with powerful weapons” and come in different rarity levels. Disney has been exploring the non-fungible token (NFT) industry for some time, having collaborated with the digital collectibles firm Veve on several Disney and Marvel-themed collections in 2021. In July 2022, the blockchain firm Polygon was selected to participate in Disney’s 2022 Accelerator Program. In January 2022, the company moved toward the Metaverse industry when it was approved by the United States Patent and Trademark Office (USPTO) for a patent to create a “virtual-world simulator.”
Cryptoys is backed by well-known investors such as Andreessen Horowitz (a16z), Mattel, Sound Ventures, Dapper Labs, Animoca Brands, and Acrew Capital. The platform recently worked with Mattel to release a Masters of the Universe NFT collection. The platform uses the blockchain network Flow, a protocol crafted by Dapper Labs that issues popular NFT compilations like NFL All Day and NBA Top Shot.
“The moment fans unwrap their blister packs, they will see these characters animate before their eyes, transforming into spectacular 3D toys with big personalities,” Cryptoys said in an email sent to Bitcoin.com News. The new Star Wars digital collectibles will be priced at $39.99 each, and the team claims that “the unboxing experience is unlike any other in the digital toy space.”
Over the last 90 days, NFTs have seen a resurgence in interest, with the term “NFT” scoring the highest possible score of 100 on April 30, 2023, in terms of search interest on Google Trends. Data from Google Trends indicates that the search query “digital collectible” received significantly less engagement but still received a score of 21 out of 100 on April 29, 2023. According to metrics from cryptoslam.io, NFT sales totaled $672,161,665 in April, down from the $793,745,613 recorded the previous month.
The new Star Wars digital collectibles have gained a lot of attention from fans of the franchise and collectors alike. The collectibles, which come in different rarity levels, will be paired with powerful weapons, making them even more desirable. The platform uses the blockchain network Flow, ensuring that the collectibles are secure and unique. The NFT drop is set to begin on May 24th, and fans are eagerly awaiting the chance to add these digital toys to their collections.