NEWS

Hot Wheels kicks off Mattel Digital Collectibles Marketplace

Published on: 22nd November 2022

The Digital Collectibles (NFT) Marketplace will be available on Mattel Creations, the company’s direct-to-consumer platform.

Mattel has announced the launch of its own Digital Collectibles (NFT) Marketplace on Mattel Creations, the company’s collector and direct-to-consumer platform. Series 4 of the Hot Wheels NFT Garage, set for release on December 15th, will be the first offering to launch on the new marketplace.

The Mattel Creations Digital Collectibles Marketplace is built on the Flow blockchain, a fast, decentralized and eco-friendly blockchain designed to support consumer-scale decentralized applications serving mainstream audiences. Made for mainstream consumers, the Mattel Creations Digital Collectibles Marketplace will not require users to own cryptocurrency to make purchases and will integrate a peer-to-peer trading platform that will allow collectors to trade their digital collectibles between them in early 2023. Also coming in early 2023, customers who own Hot Wheels Garage NFTs on the WAX blockchain will be able to transfer their tokens to Flow in a one-for-one exchange.

Developed by the team behind Hot Wheels die-cast, Series 4 of the Hot Wheels NFT Garage enables fans to collect valuable and rare digital artwork from the iconic Mattel IP and features some of Hot Wheels’ most popular designs in an all-new, digital format. Series 4 artwork is comprised of 60 cars from McLaren, Chevrolet, Honda, Aston Martin, Oldsmobile, Pagani and Cadillac, as well as many Hot Wheels originals.

Each pack includes seven Hot Wheels NFTs: four basics, two epics and one guaranteed rare car. Collectors who receive a Premium or Treasure Hunt digital collectible will be able to redeem them for a physical die-cast replica; these premium grade, die-cast cars are among some of the rarest Hot Wheels vehicles available.

“Mattel is pioneering the future of play, constantly deepening our connection with fans of all ages in both the physical and digital worlds,” said Ron Friedman, vice president at Mattel Future Lab. “In launching our own marketplace, we’re able to translate iconic Mattel IP into digital art, engaging directly with our customers and providing a best-in-class user experience. This is the latest evolution of our digital endeavors, and we look forward to sharing more drops soon inspired by some of the world’s favorite Mattel brands.”

Mattel was the first toy company to launch NFTs and continues to expand in digital collectibles and experiences. Previous releases of the Hot Wheels NFT Garage sold out instantly, as did Barbie’s collection of digital collectibles in collaboration with fashion house Balmain. Other Mattel initiatives in this area include the Cryptoys x Masters of the Universe collection and the Barbie x Boss Beauties offering.

To learn more about the Mattel Creations Digital Collectibles Marketplace, visit the website here.

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