Okay, seriously? Sharpening pencils?
If you want to sharpen a pencil, you use a pencil sharpener. They make these little tiny square ones that fit in the palm of your hand, they feature recessed blades that children can't hurt themselves or anything else with, and they cost mere cents to produce.
There's absolutely no reason for this product to exist. 1) It's far too big and wastes materials. 2) It's far too expensive. 3) It does the same job as ordinary pencil sharpeners but with less efficiency and precision, while requiring more manual effort and skill. 4) It's potentially dangerous - those "dull" blades can still cut, and the humpback whale blade comes to a rather nasty point. 5) It's a blade that is made to look cute, which is a conflict of interests akin to having candy flavored medicine or firearms that resemble toys - potentially dangerous objects should be treated as such, not as toys.
You want to give your kids knives? Sure, go right ahead, but teach them to respect knives as dangerous tools that they need to treat with caution and care. There's no reason to spend absurd amounts of money on a "safe" blunted knife that looks like a toy. Give them a real knife that is obviously a knife, that is properly sharp, that not even the most innocent of babes could mistakenly view or treat as a toy. Save a bunch of money, and don't send the kid conflicting messages.
Then go buy them a goddamn pencil sharpener instead of making them whittle their pencils by hand.