What is your strategy?

Funko NFT Redemption Day

With less than three weeks before the TMNT tokens drop, it is time to put our strategy into action. If you don’t know it yet, December 1st will be the day redemption tokens are deposited into our wallets for every redeemable NFTs we own and every royalty sets we have been able to complete.

If your NFTs are in your Wax wallet that is where the tokens will be put. If your NFTs are in your Droppp wallet, that’s were they will arrive. In regards to the royalty set, just make sure all the cards are in the same wallet. If you split them between Wax and Droppp, it will not be considered a complete set. You really don’t want that.

Also, once you get the redemption tokens, you will have to transfer them to your Droppp wallet to redeem them. You won’t be able to do it from Wax or AtomicHub.

Ok, let’s go back to our final sprint strategy now.

In which clan are you? Are you a seller? Are you a buyer? Maybe your shopping is all done already and you don’t expect to make any more moves. We all have different goals, different objectives and plans. Some people are in for the profit, some people are in for the Pops, others for the NFTs or maybe a little bit of everything.

My personal strategy

Personally, I am a Pop collector so I am definitely willing to redeem my fair share of Pops. But I am also here as an investor and a Pop reseller. I’ve been buying and reselling Pops for about 4 years now. I love the hobby and I just recently started doing the same with NFTs.

In the first week of August when TMNT was released, I opened a lot of packs. I think at one point after two weeks, I had 9 Royalty sets, 9 Grails, 6 Bebops and 3-4 of each other Legendaries. I was really heavily invested. But once other sets started to be released, I needed money to participate in those sets too so I needed to liquidate some of my TMNT inventory.

I have been downsized my TMNT royalty sets from 9 to 4. I also very recently sold a couple of Leonardo and Legendaries. So right now, I suppose I could be considered a seller in this end stretch because I don’t expect to buy more TMNT cards.

My decision was not solely linked to TMNT. It was an overall new strategy for me as a NFT investor. I will do everything I can to have one copy of each Funko NFT. But I will have a more profit-oriented approach. I won’t keep multiple copies of a redeemable NFT just for fun. I will do it only if I believe the physical Pop bind to it will be sold for more. If not, I might as well get the money from selling the NFT directly than going through the hassle of reselling a Pop.

That is why I kept more copies of Bebop. This is the one piece I feel is going to be worth more than what the current price of the NFT is. I don’t have the same confidence in the other Pops of the set. You can read my Guess the value posts to know my value prediction of TMNT Pops.

My observations

From what I can observe, there are a lot of new people coming in and working very hard on completing the set. That is definitely a positive thing. Freddy Funko Halloween had a great impact on the Funko NFT community. I think the Droppp platform and the Funko Digital website have helped in making things clearer and simpler for people to understand and feel comfortable towards NFTs.

I know there are still a lot of buyers because I’ve sold a lot of duplicates recently. From commons to epics and even grails, everything is selling. So don’t think that everybody wants out of TMNT. It is not true.

But I have also noticed some kind of early panic before the redemption date. There are a lot of holders that feel the need to quickly get rid of their stuff. They fear they will hold the bag and end up with a bunch of NFTs that are worthless or at least much less valuable then they are right now.

I don’t say I panicked because it’s not the case at all, but I still have been reducing my prices on a many cards. I just want to keep my 4 royalty sets, my redeemable and a few low mint number NFTs. All my other duplicates, I hope to sell them before December 1st. So if I want to do it quickly, I need to at least be in the 4-5 cheapest or else I won’t sell them all on time.

We can see on the picture below from my Funko NFT Tracker that the value of the Royalty set has dropped a lot in the last week. So it definitely shows a lot of people lowered their prices. I compiled the data and 10 more sets have been completed in the last 5 days by 8 new accounts. You can see that new players are joining us everyday and they go back to the original release while it’s not too late the get that Freddy Funko turtle.

Now, we will see what will happen with all the remaining packs. Will their value drop quickly? Will their owners start opening them? We can’t answer that question. Believe me, it is going to be a fun second half of November.

No matter what your strategy is, I hope you get everything you wanted and I wish you enjoy your Pops as much as I will.

Let me know your thoughts in the comment section below.
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2 thoughts on “What is your strategy?

  1. PopDropRoll aka Kyle Reply

    Liked your last blog post… Any thoughts on the value of WAX vs.USD value of previous physical Funkos and some divergence there with prices? Sometimes holding WAX appears better than buying Funkos, but should these Funkos not appreciate more if it’s a WAX primary market they’re sold on and future drops rely on it? This isn’t a standard Funko on eBay or from Target, or even from ComicCon with limited release, it has a traceable history and digital companion, series 1 at that. I’ve also been thinking about staking collectibles vs those that do not. Funko could create a strong staking system to retain value of the digital NFTs and coins, I’m just not sure if that’s their goal or strategy like other P2E games. Perhaps a digital roadmap would be beneficial to us early adopters?

    • Pop In Stock Post authorReply

      I really don’t know what their plan is to retain value. From what I heard, they don’t have anything specific at the moment. In my opinion these are exactly as any other SDCC limited edition Pop. Its just a different way of getting them. And the physical Pop won’t have the NFT serial number (or mint number) so that link between the Pop and the NFT will be cut once the redemption tokens drop. We will see, we can all only express our own opinion at the moment. I personally think highly of WAX value. There are some crazy games projects attracting a lot of people to WAX. I try to keep wax at all time in my account to speculate on its value as well.

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