Welcome home, King DiMinimus! This is the third Pudgy Collectibles I've purchased, and I love it the most because it's particularly pudgy 🐧 While the @pudgypenguins figure is adorable as is, there's much more hidden beneath the surface (what outer igloo community mostly do not know). 1. Each figure's design is based on an actual penguin that exists within the Pudgy Penguins collection. In this case, scanning the QR code on the included card reveals that this figure is modeled after Pudgy Penguin #1140. 2. The owner of the model receives royalties. This represents a crucial aspect of the Pudgy Penguins collection – Pudgy Penguin owners can license the copyright of their penguins through @OverpassIP, a licensing platform owned by @IglooInc. Every product utilizing Pudgy Penguins – games like @vibes_tcg and Penguin Life, all official toys, even YouTube shows – are all results of licensing agreements with the owners. 3. Owners of pudgy collectibles can verify their ownership of the figure through an embedded NFC tag, which is connected to an NFT on Polygon through iyk[.]app's service. Currently, only 2,842 NFTs have been minted. Pudgy collectibles isn't just a cute and pudgy figure – it's a significant example of the IP circulation that brings Web3 IP ownership into the real world through Web2 products, then verifies it back through Web3 NFTs. Through this experience, Pudgy Penguin NFT owners can truly feel that they haven't just purchased an image that can be right-clicked and copied, but rather intellectual property that can be licensed and monetized. I think this is the true utility that NFTs should have.
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