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April 2, 2021
Funko, a pop culture consumer products company, announced it has acquired a majority ownership stake in TokenWave, the developer of TokenHead, a mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. TokenHead is available on iOS and Android. Financial terms of the investment were not disclosed. The investment accelerates Funko's initial entry into the NFT market and will extend the Company's pop culture platform to include digital assets. Funko expects to launch its initial NFT offerings in June. Headquartered in Everett, Funko designs, sources and distributes licensed pop culture products across multiple categories, including vinyl figures, action toys, plush, apparel, board games and housewares.