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Some of the hot toys for 2023 include Beast Lab, a toy where kids can make their own action figure, Star Wars Micro Galaxy Squadron, featuring an Imperial Walker, Hot Wheels Ultimate Garage, Barbie Dreamhouse, Bitsy, a virtual digital pet, Mini-Verse Make It Mini, a line of micro collectibles, and PMI Kids World's Pinata Smashlings. These toys combine crafts and collecting with popular themes and interactive elements.