WAX and Hasbro spent 12 months on proposals, execution and launch timeline. The general discussion started back in July 2019. This is the first time that NFTs are being sold on a mainstream e-commerce website. Hasbro’s team saw a real opportunity in the NFT space and wanted to take it to the next level and take it mainstream.
For months, Hasbro and WAX were in conversations about the project and who their target audience was. In an email to GamesBeat, WAX said a project like this requires a lot of effort from both the WAX internal team and the Hasbro internal team. Cofounded in 2017 by Quigley and Jonathan Yantis, WAX has facilitated the trading of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s Street Fighter, and entertainers Deadmau5 and Weezer.
In 2018, WAX introduced vIRL NFTs, giving consumer product companies the ability to directly link NFTs to physical consumer products. WAX’s mission is to bring NFTs to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace. “Our vIRL technology is changing the way people shop and trade collectibles with consumers able to purchase NFTs and redeem them for a physical item.”Ī WAX account holder with a redeemable vIRL NFT will have a Redemption coin placed in their wallets on Novemand will have until Novemto redeem it for the Special Edition Megazord. “WAX is the trailblazer in NFT innovation and we are going big with global play and entertainment company, Hasbro to integrate one of their most iconic brands, Power Rangers, into the blockchain ecosystem,” says William Quigley, cofounder of WAX, in a statement. Hasbro’s Power Rangers NFT drop will be offered through Sunday, Octo(while supplies last) and is redeemable for a Hasbro special edition Power Rangers collectible figure, the Lightning Collection Zord Ascension Project Special Edition Dino Megazord.