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Pudgy Toys has opened licensing for its second chapter, facilitated by the beta release of Pudgy Penguins’ IP licensing platform, OverpassIP<\/a>. This new platform aims to streamline the licensing process for NFTs, providing holders with opportunities to transform their characters into toys or other forms.<\/p>\n OverpassIP is a licensing platform designed to scale up the licensing of NFT IP transparently on the blockchain. The latest Chapter 2 initiative transforms over eighty Pudgy Penguins and Lil Pudgys into a range of products, including plush toys, action figures, clip-on plushies, and surprise figurines.<\/p>\n Through this initiative, Pudgy Penguin<\/a> and Lil Pudgy holders can submit their characters for review and potential licensing opportunities. The beta version of OverpassIP is currently exclusive to Pudgy Penguin and Lil Pudgy holders. Still, the public launch will open up more opportunities for a broader range of communities who want to participate.<\/p>\n Interested holders can participate in the licensing process by submitting their characters through a detailed instructional video on the platform. The submission period is open for 14 days, giving holders ample time to prepare and submit their Pudgy Penguins. <\/p>\n The first quarter of 2024 will see a selective approach to choosing Pudgy Penguins for licensing deals. Submitting an NFT doesn’t guarantee<\/a> selection but places it in a pool for potential selection, aligning with the need for new toy products. The overarching goal appears to be establishing Overpass as the go-to Web3 solution for NFT licensing.<\/p>\nIntroducing OverpassIP<\/h2>\n