Ahh Disney. Most people reading this article will remember sitting in front of the television watching a Disney classic when they were kids. There’s something so magical about the brand and the House of Mouse that people don’t just travel from all over the country, but they travel from all over the world to destinations like Florida and California to get the chance to see Disney World and Disneyland.
Like any other major brand, Disney is known for dabbling into new technologies and the next big fad. So, it’s not surprising to see that the company is diving into the NFT industry head first, and with an enterprise value of more than $100 billion, the company has plenty of money to make its NFT collections high quality successes.
The next drop from the company will take place on November 12, 2021 to coincide with Disney+ Day.
About Disney+ Day NFTs
Disney+ Day is an event that the company is using in an attempt to drive an even larger audience to its relatively successful streaming entertainment service. In celebration of the Disney dubbed holiday, the company will be offering memberships to its streaming service for just $1.99 for the first month.
The company is also launching a new collection of limited edition pieces of digital art centered around its own brands. Two brands that are expected to be included in the collection, featuring golden Disney characters, are Marvel and The Simpsons.
Other than that, there hasn’t been much offered surrounding what characters are expected to be included or unique features they may entail. Moreover, when purchasing these NFTs, the buyer will be making blind purchases. So, you won’t know what the art looks like until your payment has cleared and you own the art.
How to Buy Disney Golden Moments NFTs
Any launch from Disney is likely to be a smashing success, and this particular collection isn’t expected to be any different. So, you can expect that these collectibles will sell out pretty quickly.
The big question is how do you get your hands on one?
Truth be told, there’s no way to tell if you’ll be able to act fast enough to buy one, but to give you the best chances, follow the steps below:
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Step #1: Sign Up for VeVe. VeVe is a mobile app that allows for the purchase and sale of NFTs. It’s available on both Android and iOS devices. Collectibles on the platform can also be upgraded, customized, and placed in digital showrooms.
Signing up is simple. All you need to do is download the app and follow the prompts on the screen.
Step #2: Fund Your Account. Once you’ve signed up for the app, you’ll need to add money to your account. As is the case with the magic of Disney, the funds used in VeVe are called Gems. These Gems are purchased using fiat currency at a rate of $1 to 1 Gem.
Keep in mind, the NFTs issued on Disney+ Day are expected to sell for around 60 Gems. So, you’ll want to fund your account with at least 100 Gems just in case the auction prices are higher than expected.
Step #3: Be Ready to Pounce. As mentioned above, the sale of these limited edition NFTs is expected to happen fast. Some collections have sold out in seconds. To have the best chance of getting your hands on one of these collectibles, you’ve got to be ready to move quickly.
Have the auction page in VeVe open and your finger ready to tap the “Buy” button as soon as the countdown ticks to zero. Keep in mind, all purchases will be blind, so don’t worry about looking for a way to figure out what character you’ll be purchasing.
Will Buying Disney Golden Moments NFTs Be Worth It?
If you’re a fan of Disney and want the next big collectible from the company, buying these collectibles will definitely be worth it. After all, these are some of the first in what many hope to be a long line of Disney NFTs, who wouldn’t want one?
From an investment standpoint, I can’t give investment advice as I’m not a financial advisor or broker/dealer, but I can give you my opinion and let you run with it. Of course, this is a speculative investment, which means there’s going to be added risks, but if things go well, they can go VERY well.
So far, a search on OpenSea shows that the NFTs are definitely valuable. In fact, those that purchased the original Simpsons drop for around $60 are now selling their collectibles for 1 ETH, which works out to around $4,000. Not a bad start.
Not to mention, if things go well with these collections, more will come. While future collectibles won’t likely be as valuable, the first runs of these digital works of art from Disney have the potential to explode in value. It’s like buying one of the first drawings the company produced. It would be worth its weight in gold… or more!
The Bottom Line
The bottom line here is that Disney NFTs are a hot commodity and a new drop is just around the corner. If you want to own a historic piece of Disney magic, follow the steps above for the best chances of getting your hands on one.