Toymaking Giant Mattel pauses the new NFT mining

Mattel, a multinational toy manufacturing and entertainment company known in the token market, which is not famous for a token token collection without hot wheels, announced that it will not complete a new unbroken token. Mattel’s announcement was shown in a short market surge, which has led to more than $ 100 million in token weekly trading volume.

Mattel pauses the new NFT mining

On May 5, Mattel, a toy giant, confirmed the plan to stop NFT mining on the market platform. According to the team, the hot wheel virtual garage will no longer release new series or features in the near future. However, Mattel Creations “My Collection” and Mattel Digital Collected Collected will be normally activated and operated while the team evaluates the long -term future of the program.

(Founded in 1945, Mattel is a world-class toy and enter, famous for its own symbolic brands such as Barbiehotwheelsfisher-Price and American This is a tain -based toy manufacturing and entertainment company aims to produce a wide range of toy content contents consumer products and digital experiences to inspire, entertain, and develop children through play.

Mattel entered the token stadium without swearing in 2021. At that time, the toy giants were able to collect and trade digital expressions of fans’ favorite hot wheel models by launching Hot Wheels NFT Garage Marketplace. The first drop is a digital art collection inspired by the hot wheel, and there is a premium -based NFT that can be used for a physical die cast car. Since then, Loy has produced more new hot wheels NFT collections.

What is wrong?

Four years later, Mattel paused new NFT collections by saying that the NFT team is developing a long -term plan for virtual collections and will share more updates with the community in the future. Mattel NFT Marketplace has been open and activated at least until 2025, allowing users to purchase, sell and trade virtual collections. The NFT Marketplace continues to operate normally while evaluating the long -term future of the program.

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