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Mattel to wind down its Hot Wheels Virtual Garage NFTs

Coin Telegraph LogoCoin Telegraph1d ago

Mattel to wind down its Hot Wheels Virtual Garage NFTs - Coin Telegraph

Quick Summary:

Holders can still buy, sell and trade their Hot Wheels NFTS on the Mattel Digital Collectibles Marketplace, while existing and outstanding redemptions will be “fulfilled as promised.”However, there is no option to transfer the NFTs to other wallets or marketplaces at the moment.

Mattel says it’s exploring possible options around this feature.“We are developing a long-term plan for Virtual Collectibles and will share updates with the community in the future,” the company said.

The Hot Wheels NFT Garage Series 7 and the Mattel Creations Virtual Market Place opens on 12.7.2023.#HotWheels pic.twitter.com/CidwT3qqC3— Hot Wheels (@Hot_Wheels) November 30, 2023Mattel launched series one for its Hot Wheels NFT Garage in November 2021 in partnership with the Worldwide Asset eXchange.

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Article Details

Author / Journalist: Cointelegraph by Stephen Katte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 02:55:12 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28383040

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 31 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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