An NFT crypto token has a distinct value from any other similar token. However, the game changes when we cross over to non-fungible tokens. In the cryptocurrency sector, one BTC has the same value as any other BTC. As such, when you borrow a $10 dollar bill from someone, you don't have to return the exact same note, since another of its kind has the same value. Fungibility also defines an asset's characteristics, such as divisibility and value.įor example, one $10 dollar bill is identical to another $10 dollar bill in terms of value. Flavelle is also the founder and CEO of Big Head Club, an “end-to-end full-service NFT studio,” which has produced noteworthy collections like Stoner Cats and actor and artist Jim Carrey’s Germinations.Fungibility refers to an asset's ability to be exchanged with a similar asset without sacrificing its value. Vancouver-based Dapper Labs produced the popular NBA Top Shot collection, a darling of the NFT market after its launch in 2020. WME also represents Escapeplan - the Bored Ape Yacht Club DJ duo - and Pixel Vault, a web3 media company that secured a $100 million investment earlier this year. It seems like the slump in NFT prices hasn't dissuaded interest in the area, with WME signing Bright Moments, Non-fungible Heroes and Boss Beauties all this year. Signing with the agency means Flavelle will be represented by an agency that not only possesses a diversity of interests - the agency’s parent company Endeavor owns the UFC, a professional bull-riding league, and runs fashion shows - but is also known for fostering collaboration among its extensive list of high-profile clients.

WME is one of the most powerful talent agencies in the entertainment industry, representing top Hollywood actors including Dwayne “The Rock” Johnson and Charlize Theron, and musical artists such as Meek Mill and Alicia Keys.

The long-running game, built on the Ethereum blockchain, launched in 2017. Cofounder of CryptoKitties and Dapper Labs Mack Flavelle has signed with top Hollywood talent agency, WME, The Block learned exclusively.įlavelle, considered by some to be a pioneer of NFTs, helped elevate the popularity of non-fungible tokens when he created CryptoKitties, an NFT series that allows people to buy, breed and sell cartoon cat collectibles.

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