# Overpass IP Platform

**Type:** NFT IP licensing infrastructure  
**Parent Project:** Pudgy Penguins  
**Status:** Active (2025)

## Overview

Overpass IP is Pudgy Penguins' licensing platform that enables NFT holders to license their specific Penguin assets for physical product creation and earn royalties from sales. The platform converts NFT ownership from passive speculation into active revenue participation.

## Mechanism

- **Holder Licensing:** NFT holders can license their specific Penguin for physical products (toys, merchandise)
- **Revenue Sharing:** Holders earn royalties from product sales featuring their licensed Penguin
- **Retail Integration:** Licensed Penguins appear in products sold across 10,000+ retail locations (Walmart, Target, Walgreens)
- **Financial Alignment:** Individual holder incentives (royalties) align with collective brand success (merchandising expansion)

## Impact

- Contributed to $10M+ toy revenue by 2025
- Converted holders from passive speculators to active brand evangelists
- Created feedback loop where successful licensing incentivizes further promotion
- Differentiated from standard NFT IP rights by providing structured revenue participation

## Strategic Significance

Overpass IP represents a specific mechanism for converting community ownership into community evangelism through financial alignment. Unlike BAYC's IP rights model (which granted usage rights without revenue sharing), Overpass creates ongoing financial incentive for holders to promote both their specific NFT and the broader brand.

## Timeline

- **2025-12-01** — Platform operational with holders licensing Penguins for products across 10,000+ retail locations; contributing to $10M+ annual toy revenue