Source: Business 2 Community
Chibi Dinos, a non-fungible token (NFTs) company with a play-to-earn (P2E) ecosystem, has partnered with one of the world’s leading toy manufacturers, Pocket Money Item (PMI), to launch Chibi Dinos NFT-inspired toys.
In an August 5 announcement, the digital collectible firm confirmed the successful partnership with global toy maker PMI to launch Chibi Dinos NFT-inspired toys. The multi-year joint venture will officially launch this winter.
Chibi Dinos Explained
Founded by Sean Kelly in the summer of 2021, Chibi Dinos is an NFT company that provides the most innovative and entertaining utility for gamers and sports fans with playable NFT characters. Earlier this year, Chibi Dinos launched its NFT collection, which sold out in a record-breaking eighteen minutes.
At the time, the Chibi Dinos NFT collection featured a limited edition of 10,000 adorable dinosaurs adorned in NBA basketball team Jerseys. These NFTs aimed at paying tribute to Kelly’s first successful company, a million-dollar e-commerce website that sold NBA jerseys.
The recent collaboration marks the first deal with a toy maker. While commenting about their integration with PMI, Jeremy Lindblad, the CEO of Chibi Dinos, remarked:
“We are incredibly excited to have been given the opportunity to partner with PMI on launching the inaugural line of Chibi Dinos toys. Their desire to innovate in the field of NFT-backed toys excited us to no end, and I look forward to showing our community what we’re planning for launch.”
On the other hand, PMI Ltd is an internationally recognized name for trending children’s merchandise and toys. The Pocket Money Items Limited (PMI) is one of the leading toy markets with winning high-volume, high-value lines for the hottest brands for kids, including Paw Patrol, Baby Shark, Fortnite, and WWE.
The PMI Ltd distributes its products in over 100 countries and lately sells direct-to-retail in major retail stores, such as Amazon, Walmart, and CVS. In that context, the recent integration will provide massive real-world opportunities for the Chibi Dinos brands to access giant retailers.
Chibi Dinos NFT Utility
Chibi Dinos redefines the definition of play-to-earn, boasting robust online games for holders to earn prizes and real-world experiences through live-stream basketball games. Gamers can use their Chibi Dinos NFTs to access one of the ten basketball teams in the Chibi Dinos universe to earn tokens, potions, rankings, and more.
Chibi Dinos NFTs allow crypto enthusiasts to compete in tournaments, PVP games or explore the Chibi Dinos adventure universe for rare items, unlockable content, asset advancement, and staking opportunities.
Elsewhere, Tamadoge is another play-to-earn (P2E) related NFT and metaverse gaming platform in 2022. Its utility-packed metaverse meme-themed coin recently raised more than $257,000 in just ten days.