Pudgy Penguins CEO unveils licensing platform, pushes for NFT revenue beyond airdrops

NFT

Luca Netz, the chief govt officer of mental property agency and non-fungible token (NFT) assortment Pudgy Penguins, is about to launch a Web3 licensing market named Overpass as early as late June.

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Quick info

• Netz unveiled his plans for the platform in a latest interview with Web3-focused media agency nft now, claiming NFT licensing will shift the trade from the “Ponzinomics” mannequin and foster sustainable development by specializing in tangible, real-world income.
• Overpass has been developed as an answer to the advanced and sometimes cumbersome licensing procedures presently in place, in line with Netz. The platform goals to streamline licensing within the NFT area by leveraging blockchain know-how, permitting the method to be accomplished in “a few clicks.”
• In distinction to creating digital property and airdrops, which Netz claims are liabilities, the Overpass mannequin represents a paradigm shift. The platform permits corporations to license the IP immediately from holders to be used of their merchandise and instruments, offering holders with a scalable technique of deriving financial achieve.
• “So the one manner I may give financial achieve proper now’s via the ground worth going up, which I can also’t management outdoors of me simply executing and exhibiting up daily,” Netz mentioned. “The one different possibility is to create an actual enterprise and share that income… via licensing as a result of [holders] personal their digital asset.”
• Pudgy Penguins is an Ethereum-based NFT assortment of 8,888 distinctive digital property. It’s the nineteenth largest assortment in all-time gross sales, with greater than US$257 million traded, in line with CryptoSlam information. Netz acquired the corporate for roughly US$2.5 million in April 2022.

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