According to @TO, Pikachu as a standalone character is estimated to be worth $1.5-$3.5 billion, underscoring how powerful character IP can be when monetization rights are included (source: @TO on X, Aug 17, 2025). For traders, the takeaway is that NFTs without commercial rights may lack direct IP-driven cash flows and should be priced more like collectibles than monetizable assets, which can affect long-term valuation and risk budgeting compared with NFTs that grant commercial licenses (source: @TO on X, Aug 17, 2025).