HOW $30 PLUSHY PENGUINS HELPED AN NFT COMPANY SURVIVE A QUIET CRYPTO WINTER
During a quiet period, Luca Netz, 24, was contracted with Walmart to provide a $30 toy version of the popular 'Pudgy Penguin' NFT.
The NFTs, real digital collectibles of these toy plushy penguins, are selling for as much as $500,000 on the crypto marketplace.
Netz' has been successful because the NFT holders actually own the intellectual property of their unique Pudgy Penguin.
His company licenses the rights of holders of the NFT, so lucky owners of popular Walmart Pudgy Penguins earn a 5% royalty on net revenues. There are 130 NFTs licensed for physical products to date...and growing
Source: Forbes
Introducing the Pudgy Penguins X Last Crumb limited edition cookie collab featuring a holder’s penguin.
Releasing tomorrow, October 11th, at 3PM EST.
Learn more below.
Cookie and I had one of the greatest experiences of our lives today visiting Our Lady of the Rocks, one of two man-made islets in Montenegro. Legend has it in 1452, two brothers who were heading home to Perast after a dangerous voyage, one with an injured leg, spotted something on a rocky outcrop. When they went to see what it was, they discovered an icon of the Virgin Mary and Child.
It’s so exciting when Cookie and I get to explore a new country and Montenegro is spectacular! This is our first time in the country and it’s beautiful and luxurious.
Here’s a day in the life video of what a typical day looks like for me being the CEO of @pudgypenguins.
Be sure to subscribe to our channel as we’re dropping Building in Public videos every week moving forward.
Check out the video here:
https://t.co/q4hNCw0THo
@LilPudgys are taking over but this is just the tip of the Iceberg 👐🏼
Check below for some of the best threads / content highlighting @pudgypenguins 👇🏼