Billion-Dollar Toy Brand L.O.L Surprise! to Build Its Own NFT Marketplace

Billion-Dollar Toy Brand L.O.L Surprise! to Build Its Own NFT Marketplace

MGA Entertainment, makers of the top-selling L.O.L. Surprise! Dolls, is partnering with Ioconic, a company that helps bring brands into the non-fungible token (NFT) industry, to bring L.O.L. Surprise! to the blockchain in the fourth quarter.

  • L.O.L. Surprise! has amassed $25 billion in retail sales for the privately-held MGA, according to a press release.
  • Ioconic is helping the brand build out its own marketplace where users can mint, buy and sell NFTs that will be a part of the toy property’s soon-to-be released digital trading card game.
  • Fans of the brand’s popular dolls will also be able to connect their physical purchases to the blockchain via QR codes and display their collection digitally.
  • “By expanding into the exciting NFT space, we hope to better engage with our customers and deliver serious value,” said Isaac Larian, CEO and Founder of MGA Entertainment.
  • Ioconic CEO Jamie Lewis noted that the company is working on “measures to prevent overspending and super stringent security” to create a safe environment for L.O.L.’s young fanbase.

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