Pixar NFT drop sells out on VeVe shortly after launch

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Pixar NFT drop sells out on VeVe shortly after launch
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This collection did not go to infinity and beyond! The Disney Pixar Pals NFT collection, consisting of over 54,000 pieces, was sold out in less than a day after its launch.

all 54,995 pieces of the Disney Pixar Pals nonfungible tokens, or NFTs, collection. The drop consisted of iconic characters and moments created by Pixar Animation Studios, including Sheriff Woody, Mike Wazowski,Edna Mode. Users purchased their NFTs from a blind box, meaning that they receive a random collectible as part of the series and would not know which collectible until after payment.The list price for each Pixar NFT was 60 gems .

Gems are VeVe's in-app tokens exchangeable for digital assets on a 1:1 basis with the U.S. dollar. However, the ability togems back into fiat is still in the testing phase. This is because there currently exists a related incentive with holding OMI tokens, which are created by VeVe's parent, ECOMI. Whenever gems are used to purchase an NFT, 100% of the equivalent value of OMI is burnt from the token supply while the digital collectible is transferred to the user's account. Correspondingly, OMI can be converted into gems but not vice versa due to

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