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

Pudgy Penguins CEO Luca Netz says he aims to revolutionize the NFT marketplace, shifting focus from creating virtual assets out of “thin air” to generating real-world revenue via licensing.

• 2023-06-08
• NFT Overpass Luca Netz intellectual property firm Penguins licensing

Pudgy Penguin’s $9M seed round could point to a growing NFT industry

Pudgy Penguins isn’t the first NFT-focused company or collection to raise money. Pudgy Penguins, which reminds me of Club Penguin, was launched in 2021 and acquired by Los Angeles-based entrepreneur and web3 enthusiast Luca Netz in April 2022. Since then, it has expanded from 8,888 NFTs to a suite of real-life products and experiences providing collection owners live events, physical merchandise and licensing opportunities.

• 2023-05-12
• NFT Penguins Nadya Tolokonnikova Pudgy Penguin Yuga Labs seed round Luca Netz