Connect with us

Hi, what are you looking for?

Tech News

Disney Pinnacle is preparing to be the next big NFT failure

Image: Dapper Labs

NFTs aren’t gone yet — Disney will launch an “all-new socially driven collectible experience” called Disney Pinnacle later this year, turning characters from Pixar, Star Wars, and its classic animated films into tradable digital pins. The Disney Pinnacle website has a waitlist for interested traders and collectors; however, it doesn’t explain what the “digital pins” are actually like or why the company would bother to create a verifiable digital hoard.

While announcing Pinnacle, Disney and its partner Dapper Labs won’t even say the word “NFT.” Dapper Labs still calls itself “the NFT company,” but between a variety of scams, an eye-blistering episode at a recent Bored Ape event, and a market that has plunged since peaking in early 2021,…

Continue reading…

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

As President Biden meets with Chinese President Xi Jinping on Wednesday, the House select committee examining the United States’ relationship with China is set...

Stock

Shopify (SHOP) share value jumped by over 20% Thursday morning after stunning analysts with a sharp earnings beat and rosy guidance. The stock reached...

Politics

WILMINGTON, Del. — President Biden’s steadfast support for Israel is facing increasing pressure as some of his staunch supporters from within his party are...

Politics

In the weeks after the 2020 election, an obscure Republican lawmaker from Louisiana led a congressional effort to overturn the presidential results in four...