Will Funko's New PLAN Get Rid Of Fake Funko Pops?

Summary

Funko has partnered with Octane 5 to introduce a new sticker system to combat counterfeit Funko Pops. The stickers will feature a QR code and unique item code for product verification, ensuring authenticity. This initiative aims to reassure collectors and increase collectible value. However, some fans question the timing, as Funko is not as popular as before, and there are concerns about potential price increases due to the added security measures.

Takeaways

• 🆕 Funko has partnered with Octane 5 to combat fake Funko Pops by introducing new security stickers.
• 🛑 Octane 5 specializes in brand protection solutions and has worked with major brands like Honeywell and Ford.
• 🔍 The new stickers will include a QR code and a unique item code number to verify the authenticity of Funko products.
• 🚫 Funko's initiative aims to prevent fake products in the aftermarket, such as on eBay and other third-party platforms.
• 💯 Funko claims the new stickers will guarantee the authenticity of products, although the presenter expresses some skepticism.
• 📈 The new measures are expected to increase the value of genuine Funko collectibles.
• 🤔 The presenter humorously notes Funko's history of re-releasing products, questioning the mention of increased value.
• 🔗 The verification process involves scanning the QR code and entering the item code on Octane 5's website.
• 💡 Octane 5 uses micro-optic technology, similar to that used for securing banknotes, making the stickers difficult to counterfeit.
• 📦 The new stickers will replace existing event or retail exclusive stickers and will be placed on the front or bottom of the box.
• 🗣️ There's speculation about whether the new anti-counterfeiting measures will lead to price increases for Funko Pops.

Q & A

What is the new initiative Funko is implementing to combat counterfeit Funko Pops?

Funko is partnering with Octane 5 to introduce QR code stickers on their packaging, allowing collectors to verify the authenticity of their Funko Pops.

Who is Funko partnering with to help reduce counterfeit Funko Pops?

Funko is partnering with Octane 5, a company that specializes in brand protection and secure supply chains to help reduce counterfeiting.

How does Funko's new sticker system work to authenticate products?

Funko's new stickers feature a QR code and a unique item code. Collectors can scan the QR code with a mobile device and enter the unique code into Octane 5’s browser page to verify the authenticity of their collectible.

What technology does Octane 5 use to ensure stickers cannot be duplicated?

Octane 5 uses micro-optic technology, the same technology used in banknotes, to ensure that the stickers cannot be duplicated or altered.

Where will the new QR code stickers be placed on Funko Pop boxes?

For exclusives, the QR code stickers will be placed on the front of the box. For common pops, the QR code will likely be placed on the bottom of the box.

What concerns did the video creator raise about Funko’s guarantee of authenticity?

The video creator expressed concern about Funko’s claim of 100% authenticity, pointing out that anything can be tampered with or faked, and that no security system is foolproof.

Why did the video creator find Funko’s mention of adding value to collections ironic?

The creator found it ironic because Funko is known for re-releasing vaulted and exclusive products, which often reduces the value of existing collections.

What previous technology in the collectibles market is Funko's new sticker system compared to?

Funko's new sticker system is compared to the certification systems used by JSA or PSA, where products have unique codes to verify their authenticity.

When and where will the new stickers be first introduced?

The new stickers will be first introduced at New York Comic Con, with examples shown on shared and official Comic-Con stickers.

Is there a possibility that the new QR code stickers could lead to price increases for Funko Pops?

The video creator speculates that the cost of implementing the new stickers could lead to price increases for both common and exclusive Funko Pops in the future.