NFT
Luca Netz, the chief government officer of mental property agency and non-fungible token (NFT) assortment Pudgy Penguins, is ready to launch a Web3 licensing market named Overpass as early as late June.
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Quick information
- Netz unveiled his plans for the platform in a latest interview with Web3-focused media agency nft now, claiming NFT licensing will shift the business from the “Ponzinomics” mannequin and foster sustainable progress by specializing in tangible, real-world income.
- Overpass has been developed as an answer to the advanced and infrequently cumbersome licensing procedures at the moment in place, in line with Netz. The platform goals to streamline licensing within the NFT house by leveraging blockchain expertise, permitting the method to be accomplished in “a few clicks.”
- In distinction to creating digital belongings and airdrops, which Netz claims are liabilities, the Overpass mannequin represents a paradigm shift. The platform permits firms 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 means I can provide financial achieve proper now’s by means of the ground value going up, which I can also’t management exterior of me simply executing and exhibiting up day by day,” Netz stated. “The one different choice is to create an actual enterprise and share that income… by means of licensing as a result of [holders] personal their digital asset.”
- Pudgy Penguins is an Ethereum-based NFT assortment of 8,888 distinctive digital belongings. 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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