Summary:
- Funko, a popular collectible company, announced the shutdown of its Funko Fusion division, which was focused on creating digital collectibles and experiences.
- The shutdown resulted in significant layoffs, with the company citing "commercial failure" and the need to focus on its core physical products business.
- The article suggests that Funko's foray into the digital collectibles space, which has been a growing trend in the gaming industry, did not meet the company's expectations, leading to the decision to discontinue the Funko Fusion project.