Blue-chip non-expendable token (NFT) project Pudgy Penguins has signed a representation agreement with leading Hollywood talent agency William Morris Endeavor (WME).
According to an announcement via Twitter on May 5, Pudgy Penguins is looking to spread its intellectual property across movies, TV, and games.
We are proud to announce that @WME will be representing us as our official talent agency.
Together, with WME's relationships in film, television and gaming, we will focus on strategic partnerships that help Pudgy Penguins reach new audiences. pic.twitter.com/TtbkLexxAV
โ Chubby Penguins (@pudgypenguins) May 5, 2023
Pudgy Penguins joins a growing list of renowned NFT projects that have sought representation agreements in Hollywood as a way to expand their brands and audiences. WME's other NFT-related clients include Dapper Labs co-founder Mack Flavelle, the Boss Beauties project, NFT pseudonymous artist FEWOCiOUS, and artist Claire Silver.
Pudgy Penguins is the 21st best-selling NFT project of all time according to data from CryptoSlam. Since its launch in July 2021, it has generated a total of $250.2 million in secondary market sales.
Last month the project was acquired by Luca Netz from Netz Capital for 750 Ether (ETH), worth approximately $2.5 million at the time of purchase on April 3.
Pudgy Penguins has been gradually building a Web3 ecosystem and community around the project, and has already made some moves to bring IP into the mainstream.
In late March, the project released physical Pudgy Penguin figurines that come with certificates of authenticity and proof of registered Ethereum ownership.
Soft launched at a couple of specialty retail chains internationally this week. Slowly and then all at once. Pudgy season is coming... https://t.co/hMbUnscxzo
โ Luca Netz (@LucaNetz) March 31, 2023
Bitblox to build Web3 gambling
A new blockchain gaming studio called Bitblox has launched to build a suite of Web3 gambling on Solana-based Hxro Network, a distributed liquidity layer for betting applications and derivatives trading.
The online gaming industry, or igaming, was worth approximately $63.5 billion in 2022, and is estimated to grow by 11.7% per year between 2023 and 2030. according to the Grand View investigation.
on a may 4th advertisementBitblox Games stated that it will focus on developing skill- and speed-based player-to-player (P2P) games, where players bet against each other instead of betting on the "house" such as the casino or the bookmaker in regular games of chance.
โBlockchain-based gaming brings additional transparency to igaming game operators while giving players the ability to gamble in new and exciting ways,โ Bitblox CEO Brandt Page noted.
OG Life Cryptolife
Bitblox Games has launched a study to bring crypto gaming to the $67.9 billion online gambling industry, and all games are built exclusively on Hxro Network's core protocols.
welcome to #HxroNation โ๏ธโ๏ธ
Learn more: https://t.co/ylM0hvlHeB pic.twitter.com/xVQ2SI3pmh
โ Hxro (โ๏ธ,โ๏ธ) (@HxroNetwork) May 4, 2023
No specific games have been announced yet, however more information is likely to be available later this month as Bitblox will debut at CasinoBeats Summit 2023 in Malta between May 23-25.
Related: A New Frontier For Collectibles: Preserving Music History In NFT With Legends Of Rock
Generative art through Unreal Engine
NFTs infrastructure and ecosystem developer Palm NFT Studio has released a new tool via Epic Games' Unreal Engine that allows creators to create collections of "game-ready" generative 3D art and assets.
The tool is called the "Palm Generative Art Maker" and it provides a streamlined process for people to create generative art and assets, something that is usually quite complicated for creators who don't have much coding experience.
The end of one world, the beginning of another โ mapping the contours of generative art after AI.
โ https://t.co/aJr7Wg746l pic.twitter.com/HR71VpUKTA
โPalm NFT Studio (@PalmNft) May 5, 2023
The tool was released on May 4 and is available for discharge as a plugin for Unreal Engine.
It allows users to develop a concept in the plugin and then port the assets over to Unreal Engine 5.1 for tweaking and adding final details. From there, they can mint the assets as NFTs on the blockchain.
Interest in generative art has increased alongside the growth of the NFT sector in recent years, with profile/avatar image based projects like CryptoPunks helping to popularize the method. While NFT art projects like Tyler Hobb's Fidenza have also sparked interest in the computer-based art style.
Star Wars digital toys in Flow
NFT startup Cryptoys has unveiled the upcoming release of Star Wars digital collectibles on the Flow blockchain, home to major NFT projects like NBA Top Shot.
The NFT collectibles, or "digital toys," will be released on May 24, and the artwork will be similar in design to the Funko Pop figures. Each token will be priced at $39.99 a piece in a "blind box." random, and the buyer will not know which character they got until after purchase.
The NFTs will feature characters like Darth Vader, Luke Skywalker, and Princess Leia, and will come in different rarity levels ranging from Common to Rare, Legendary, "Grail" and "Ultra Grail."
new pfp, who sith? #StarWarsDay pic.twitter.com/AzDrB2clp1
โ Cryptoys โก๏ธ (@Cryptoys) May 4, 2023
Other witty news
Kenyan lawmakers are considering the introduction of a 3% tax on cryptocurrency and NFT transfers and a 15% tax on monetized online content, according to a report. new bill introduced on May 4.
The former OpenSea manager who was accused of NFT insider trading was convicted on May 3 for wire fraud and money laundering in federal court in New York.
Magazine: NFT art pioneer wants to upload her brain so she can live forever: Josie Bellini, creator of NFT
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