• The Hub

    News, Notes, Talk

    Marvel Comics is branching out . . . into NFTs.


    August 24, 2021, 12:28pm

    NFTs: they’re beloved by independent writers; credit card companies; and Nelson Mandela’s grandson. Now, Marvel’s getting in on the action: they’re launching the inaugural series of classic Marvel Comics as NFTs.

    Essentially, these Marvel Comic NFTs are digital collectibles; as discussed every time NFTs are mentioned, buying an NFT gives you “proof of ownership” of the object the NFT represents. But they’re also working digital copies of the books; all the Marvel Comic NFTs are readable on VeVe, a digital collectibles app.

    If this feels a little weird to you, that’s understandable. Much of the excitement of collecting classic Marvel comics is about owning the physical versions, having the original (or close to it) copies of comics of varying ages. This NFT release intuitively feels a bit odd because it’s coupling the excitement of the classic Marvel releases with a conspicuously new technology that can’t be, say, displayed with other memorabilia on a shelf. They’re not really the classic comics, they’re ebooks; Marvel just minted them this month. So what’s the point?

    But maybe it’s more helpful to understand what Marvel is doing as creating a new collectible, rather than releasing an old collectible in a new format. Marvel, of all corporations, knows how to stretch their IP. The comic NFTs are limited-edition, assigned different levels of rarity by Marvel, so fans seeking rare Marvel items have incentive to collect. And regardless of intuitiveness, the Marvel NFTs are selling like hotcakes: it only took 24 hours for all 65,000 NFTs in the first drop to sell out. Flame on.

  • Become a Lit Hub Supporting Member: Because Books Matter

    For the past decade, Literary Hub has brought you the best of the book world for free—no paywall. But our future relies on you. In return for a donation, you’ll get an ad-free reading experience, exclusive editors’ picks, book giveaways, and our coveted Joan Didion Lit Hub tote bag. Most importantly, you’ll keep independent book coverage alive and thriving on the internet.

    %d bloggers like this: