A New Revenue Stream for NFT Projects

TL;DR

• Pudgy Penguins, which began as a preferred NFT assortment, simply introduced that they are transferring into the bodily toy house.

• Each time one of many toys sells, the NFT house owners make a royalty.

• Whereas it is nice to see Web3-native firms branching out into bodily objects, it is means simpler for Web2 firms who have already got model loyalty to maneuver into Web3 than the opposite means round as we have written about in the past.

• It’s nice to see a brand new strategy to income whereas the NFT market is down.

Full Story

Keep in mind when Offended Birds went from easy cellular sport –> blockbuster film –> your niece’s favourite toy?

They constructed a factor that individuals liked (an addictive little cellular sport), then turned that right into a full on franchise!

Some NFT collections are beginning to take the same strategy.

Pudgy Penguins, which began as a preferred NFT assortment, simply introduced that they are transferring into the bodily toy house.

They’ve constructed model consciousness and belief by their NFT venture, and are actually trying to capitalize on that belief, creating a brand new income stream by promoting bodily toys.

One uniquely cool a part of their toy launch is that every of the 16 toys is predicated on a distinct NFT with distinctive attributes.

Each time one of many toys sells, the NFT house owners make a royalty.

(In the meantime making these 16 NFTs means extra priceless).

Whereas it is nice to see Web3-native firms branching out into bodily objects, it is means simpler for Web2 firms who have already got model loyalty to maneuver into Web3 than the opposite means round as we have written about in the past.

Then once more, we could be incorrect, and this would possibly result in an superior blueprint for extra profitable NFT collections to maneuver into different merchandise.

Both means, nice to see a brand new strategy to income whereas the NFT market is down.