DC Comics To Launch NFT Marketplace
[TL; DR]
DC Comics, a legendary comic book publisher, is diving into the Non-fungible token (NFT) ecosystem.
DC Comics was founded in 1934 by Malcolm Wheeler Nicolson in the United States.
DC Comics is the producer and publisher of popular series like Batman, Aquaman, Superman, Wonder Woman, The Flash, etc.
DC Comics wants to replicate superhero characters like Batman and Superman on the blockchain alongside its plan to launch the NFT marketplace.
Some of the series that will be made available include DC FanDome 2021, AMC ‘The Batman’s posters, The DC Bat Cowl series, and Gotham City Knightwatch District Sigil series.
Currently, DC Comics has launched its marketplace's "Beta Version" with the DC Bat Cowl available online.
DC Comics is partnering with Palm Studios to launch its NFT Marketplace.
The launch will see the release of 20,000 pieces of NFT collections.
There are controversies surrounding the launch of DC Comics NFT collections and marketplace.
Some of these issues include high prices, the inability of users to hold their DC comics collections in a personal wallet, etc.
Keywords: DC Comics, publisher, books, NFT, marketplace, partnership, collection, launch.
[Full Article]
Concerning the buzz and attention, the Non-Fungible Token ecosystem is attracting, big brands and giants across several industries are forming partnerships or diverging into the NFT space.
Recently, we have seen some tech giants, video game developers, social media, and app developers launching their NFT collections and marketplaces.
Therefore, it is not surprising to see a book publishing company becoming a stakeholder in the Non-fungible Token ecosystem.
In this article, we shall identify the exploits of DC Comics, a legendary comic book publishing company, and its exploit towards launching NFT Marketplace.
Let's begin!
Background Of DC Comics
Image: The Verge
DC Comics is a Warner Bros subsidiary with a specialty in comic books and the flagship unit of DC Entertainment.
DC Comics was founded in 1934 as National Allied Publications. In 1961, it metamorphosed into National Periodical Publication, and in 1977, it changed to DC Comics.
DC Comics is an American comic book publisher founded by Malcolm Wheeler Nicholson in the United States.
The initials “DC” were originally an abbreviation for Detective Comics and have now become its official name. DC Comics is regarded alongside Marvel Comics as one of the two largest American comic book companies.
Some popular DC Comics series include Batman, New Teen Titans, Superman, Wonder Woman, The Flash, Aquaman, and many other movies.
Having identified the background information about DC Comics and their activities since inception, we shall now discuss their foray into the NFT.
DC Comics Plan To Launch NFT Marketplace
Image: Comics Beat
The Legendary Comic book publisher, in its pursuit to become a stakeholder in the buzzing non-fungible token ecosystem, has finalized plans to launch its NFT Marketplace.
DC Comics is a household name, influential comic book industry, pop culture, and publisher. It is expected that its famous superhero characters, including Batman and Superman, will be replicated on the blockchain.
In the proposed DC Comics marketplace, the superheroes series will be available. These series include DC FanDome 2021, AMC ‘The Batman’s posters, The DC Bat Cowl series, and Gotham City Knightwatch District Sigil series.
Even though DC Comics has not released the full NFT series in its collection, they have launched the “Beta Version” of the Marketplace and have since gone live. The DC Bat Cowl series is also available online.
The partnership between DC Comics and Palm Studios will see the launch of NFT Marketplace. To ensure seamless usage of the newly launched NFT Marketplace, DC Comic deploys Palm Network for its NFT ecosystem. Palm network offers low gas fees and ensures high-speed transaction finality.
DC Comics announced that it would release 20,000 pieces of its NFT collections, and the holders of these pieces will be eligible to vote on the DC Comics storyline. In addition, those who purchase the ‘DC Bat Cowl series will be among the deciders of the next version of the Batman comic.
Grey Areas In DC Comics Released NFT Series And Marketplace
Image: Ledger Insights
As with every newly launched NFT collection, no matter how exciting the collections are, there will always be some grey areas. In the DC Comics released series, there are currently some grey areas.
They include;
You can only transfer NFTs between different accounts through sales in the secondary marketplace, and that secondary marketplace at the moment is Beta. Even though DC Comics management said it is a temporary arrangement, and very soon, NFTs will be transferred directly on Marketplaces.
Another grey area is that users and holders of DC Comics NFTs cannot yet hold the collections in a personal wallet like MetaMask. However, there are expectations that this functionality will be added shortly.
Finally, the DC NFT Marketplace contains an unusually wide price range for its NFT series. For instance, the marketplace shows that DC minted 200 000 Bat Cowl NFTs in April for 300 dollars, and at the moment, the cheapest Bat Cowl NFT is available for 430 dollars.
While these prices are high for a newly launched collection, some series have unrealistic prices. Two of the DC Comic series are being sold for $1 billion.
Conclusion
Many people believe that the main reason that DC Comics partnered with Palm Studios and launched its NFT marketplace and collection is that a former DC digital artist made millions after selling digital assets based on DC Comics' intellectual property.
DC has now sealed a licensing deal with VeVe for NFTs as a development toward preventing other employees from using its intellectual property in the NFT ecosystem.
It is expected that the DC Comics and its superhero character fans spread across the globe will form the larger part of its NFT holders and investors. In addition, the marketplace launch and the DC Comic series signal the beginning of the comic books giant into the blockchain ecosystem.
Author: Valentine. A, Gate.io Researcher
This article represents only the researcher's views and does not constitute investment suggestions.
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