The big Hollywood talent agency William Morris Endeavor (WME) has signed a deal to handle the nonfungible token (NFT) project Pudgy Penguins.
According to a tweet from May 5, Pudgy Penguins wants to use its intellectual property in movies, TV shows, and video games.
Pudgy Penguins joins a growing list of well-known NFT projects that have signed deals with Hollywood to grow their businesses and audiences. Mack Flavelle, the co-founder of Dapper Labs, is also a client of WME. The Boss Beauties project, the NFT artist FEWOCiOUS, and the artist Claire Silver are also NFT clients of WME.
CryptoSlam says that Pudgy Penguins is the twenty-first best-selling NFT project of all time. Since it came out in July 2021, it has sold on secondary markets for a total of $250.2 million.
Last month, Luca Netz of Netz Capital bought the project for 750 Ether (ETH), which was worth about $2.5 million when it was bought on April 3.
Pudgy Penguins has been slowly building a Web3 ecosystem and community around the project, and they have already taken some steps to get the IP out into the public.
Late in March, the project soft-launched real Pudgy Penguin figurines that come with a certificate of authenticity and a proof of ownership that is recorded on Ethereum.
Content Source: cointelegraph.com