The Toymea teaka Mattel puts on the non-fungial tokens of the new bikes of virtual garage until a call in regards to the way forward for the gathering is.
There might be no future publications for brand new NFT series or feature features for the “predictable future”, said Mattel in an update on his website. The company said that Mattel Digital Collectibles will select the “long -term future”.
“Your unshakable support and enthusiasm for the Hot Wheels Virtual Garage was legendary, and we’re incredibly grateful that we were with you on this trip,” said the corporate.
“While we rate the changing world of virtual collectibles, we’ve got found that the time in 2025 and continues to finish our series and the feature drops and further.”
There aren’t any plans for a brand new NFT series or feature drops for Mattel's Hot Wheels Virtual Garage. Source: Mattel creations
In the meantime, the NFF collections of users, the marketplace for digital collectibles, the community -space and other channels are continued until a minimum of 2025 in accordance with Mattel.
Owners can still buy, sell and swap your hot wheels NFTS on the marketplace digital collectibles mattel, while existing and outstanding returns are “fulfilled” as promised.
However, there isn’t any method to transferred the NFTs to other items or marketplaces. Mattel says that it examines possible options for this function.
“We are developing an extended -term plan for virtual collectibles and can share updates with the community in the long run,” said the corporate.
The Hot Wheels NFT Garage Series 7 and the Virtual Market Place Mattel Creations open on July 12, 2023. #Hotwheels pic.twitter.com/cidwt3qc3
– Hot bikes (@hot_wheels) November 30, 2023
Mattel began in November 2021 in cooperation with the worldwide asset Exchange Series 1 for her Hot Wheels NFT garage. The last publication, series 10, went live in December last yr.
Nike Sunsets his NFTS while the FIFA doubles
Mattel shouldn’t be the one company that concludes its NFT services – sporty shoes and clothing giant Nike Sunset his NFF Marketplace RTFKT in January. Owners have now began a lawsuit because Nike harm them financially by closing the market.
However, other firms proceed to support NFT owners. The FIFA, which began its NFT collection before the 2023 World Cup, announced on April 30 that it created a brand new Ethereum-compatible blockchain for its digital collectors.
The total NFT market dropped strongly in the primary quarter of 2025, whereby sales from January to March 2025 have decreased by $ 1.5 billion in sales of $ 1.5 billion in comparison with the previous yr, which is attributable to $ 4.1 billion in the identical period in 2024.
