Pudgy Toys takes a leap into the future with the beta release of OverpassIP, a cutting-edge licensing platform for NFTs, marking the initiation of Chapter 2 in Pudgy Penguins‘ exciting journey. OverpassIP aims to simplify and democratize the NFT licensing process, offering holders opportunities to turn their digital assets into real-world collectibles.
Licensing for Chapter 2 of Pudgy Toys is now live and made possible by the beta launch of @OverpassIP, our IP licensing platform.
Learn about what this means and how to submit your Pudgy Penguin or Lil Pudgy below. pic.twitter.com/mcYxObP4hh
— Pudgy Penguins (@pudgypenguins) January 27, 2024
OverpassIP Unveiled: Transforming NFTs into Reality
OverpassIP, a transparent blockchain-based licensing platform, introduces Chapter 2 by bringing to life over 80 Pudgy Penguins and Lil Pudgys in various forms such as plush toys, action figures, clip-on plushies, and mystery figurines.
Exclusive to Pudgy Penguin and Lil Pudgy holders during the beta release, OverpassIP will soon open its doors to a wider audience in its public launch, inviting diverse communities to participate in the licensing revolution.
Submitting Pudgy Penguins: A Gateway to Licensing Opportunities
Pudgy Penguin and Lil Pudgy holders can actively participate in licensing opportunities by submitting their characters through a user-friendly process outlined in a detailed instructional video on the platform. The submission window is open for 14 days, providing ample time for holders to prepare and submit their NFTs.
While the first quarter of 2024 will witness the selection of Pudgy Penguins for licensing deals, submitting an NFT doesn’t guarantee selection but places it in the pool for potential opportunities. OverpassIP aspires to become the go-to Web3 solution for NFT licensing, setting the stage for a new era in the NFT ecosystem.
Simplifying NFT IP Licensing: A Game-Changing Initiative
OverpassIP addresses one of the major challenges faced by NFT IP holders – the complex and expensive licensing process. By streamlining this process, OverpassIP empowers holders to license their NFTs effortlessly, fostering collaborations and projects that align with the interests of both holders and brands.
Adding an innovative layer to the licensing process, OverpassIP introduces Pudgy Rods as a multiplier mechanism for select licensing deals. The value of the multiplier varies based on the deal offered by The Igloo Company, detailed in each deal summary and automatically calculated during payout. This presents an exciting opportunity for holders to enhance their value and potential earnings.
Looking Ahead: A Bright Future for Pudgy Penguins Licensing
After the success of the “Phygital” Toy Collection & Experience on Amazon, generating over $500,000 in sales, Pudgy Penguins is poised for further success with the main launch of OverpassIP. This launch will include a broader range of communities and over 200 characters, solidifying Pudgy Penguins’ position as a pioneering force in the Web3 NFT licensing landscape.
Pudgy Toys and OverpassIP invite holders and enthusiasts to join the beta launch, provide feedback on their Discord channel, and be part of the evolution of NFT licensing. The future promises a dynamic and inclusive ecosystem where creativity meets opportunity in the digital realm.