Collectibles and candy company Topps recently communicated with its patrons about its non-fungible token (NFT) developments.
The firm cited issues with a past payment service provider in January 2023, which ultimately resulted in a move to the new provider Fortress by September of the same year.
However, the firm noticed that regulatory restrictions had prompted the unavailability of custodial wallets for its collectors.
This represents Topps' challenge and exploration of the web3 space while battling regulatory hurdles in expanding NFT.