Pudgy Penguins, the renowned NFT collection featuring adorable flightless birds, has announced the beta version of its IP licensing platform, ‘OverpassIP.’ According to a recent tweet thread, OverpassIP will host Chapter 2 of Pudgy Toys, which are real-life simulation toys based on the Pudgy Penguin IP.
Pudgy Toys Chapter 2 offers NFT holders – especially those who own Pudgy Penguins or Lil Pudgys – the chance to connect their toys to official licensing deals. This will pave the way for earning royalties and receiving special perks.
The following is a list of the most popular ways to contact us DealsPlushies, action figurines, clip-on plushies and mystery figures will bring 88 Pudgy Penguins or Lil Pudgys into life. OverpassIP’s beta version is only available to Pudgy Penguin or Lil Pudgy owners, but its mainnet (actual release date is not yet available) will provide opportunities for over 200 Pudgy Penguin or Lil Pudgy intellectual property rights in the future.
To participate in Chapter 2 NFT holders must submit their Pudgy Penguin & Lil Pudgy toys on OverpassIP as part of their licensing deal. Submissions are ongoing and will continue until the 11th of February 2024.
The selection process will continue through Q1 2024. Submission does not guarantee a deal. In fact, it places their penguins on a list of NFTs to be considered for licensing deals as new SKUs develop.
OverpassIP blogs will provide semi-annual updates to selected participants regarding their licensing status and progress in the production of toys. In addition, those who own Pudgy Rods and have them in the wallet with their submitted penguin could be eligible for a Pudgy Rods multiplier.
The latest development follows on from the success of Pudgy Toys Chapter 1 which saw the project achieve the Top spotAmazon offers 2,000 dollars in three categories Walmart storesThe Toy Insider has a number of prestigious awards, including the top Summer and Winter toys. It will be interesting how Chapter 2 plays out. Stay tuned!