Hot Wheels NFTs: Mattel’s Shocking Pause on Future Digital Collectibles

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BitcoinWorld 2w ago

Hot Wheels NFTs: Mattel’s Shocking Pause on Future Digital Collectibles - BitcoinWorld

Quick Summary:

In a move that has caught many in the Web3 and collectibles space by surprise, American toy and entertainment giant Mattel has announced a significant shift in its approach to Hot Wheels NFTs.

The company is officially halting all future releases of its Hot Wheels Virtual Garage digital collectibles.

The future of the platform beyond 2025 remains uncertain, which is a risk inherent in holding Brand NFTs tied to a specific corporate platform.