Pudgy Penguins, the famend NFT assortment that includes lovable flightless birds, has introduced the beta model of its IP licensing platform, ‘OverpassIP.’ In line with a current tweet thread, OverpassIP will host Chapter 2 of Pudgy Toys, that are real-life simulation toys based mostly on the Pudgy Penguin IP.
Pudgy Toys Chapter 2 will provide NFT holders, significantly these proudly owning Pudgy Penguins and Lil Pudgys, the chance to attach their toys with official licensing offers, paving the best way to incomes royalties and particular perks.
This deal will deliver 88 Pudgy Penguins and Lil Pudgys to life by plushies, motion figures, clip-on plushies, and thriller collectible figurines. Whereas the OverpassIP beta model is at present solely accessible to Pudgy Penguin and Lil Pudgy holders, its mainnet (precise date is not accessible but) goals to offer alternatives for greater than 200 Pudgy Penguin and Lil Pudgy IPs sooner or later.
To take part in Chapter 2, NFT holders will submit their Pudgy Penguin and Lil Pudgy toys on OverpassIP for his or her licensing offers. Submissions are at present ongoing and can final till February eleventh, 2024.
Choice will run all through Q1 2024. Notably, submission doesn’t assure holders a licensing deal. As an alternative, it places their penguins within the pool of NFTs for potential licensing offers as new SKUs are developed.
Chosen individuals will obtain updates on their licensing standing and toy manufacturing progress by semi-annual OverpassIP weblog posts. Moreover, holders of Pudgy Rods in the identical pockets as their submitted penguin could also be eligible for a Pudgy Rods multiplier.
The newest improvement comes on the heels of Pudgy Toys Chapter 1 success, which noticed the challenge hit the high spot on Amazon in three classes, land in 2,000 Walmart shops throughout the US, and declare prestigious awards like Toy Insider’s high Summer time and Winter toy. It will likely be fascinating to see how Chapter 2 unfolds. Keep tuned!
