The Future of Web3 IP : @pudgypenguins 1. Luca Netz Davinci Motel Day 3 @LucaNetz shared how Web3 changes the way we build IP.He calls Pudgy Penguins the first mainstream Web3 IP, where holders aren’t just fans — they’re participants who share in the brand’s growth and success. 2. A New IP Model Unlike Disney or Sanrio, Pudgy holders have real power inside the ecosystem. It’s basically like owning a piece of Mickey Mouse in the 1950s but now, it’s on-chain. 3.The Participation Layer In Pudgy’s world, fans become co-owners. Through Overpass, holders can license their NFTs, create products, and earn royalties forever. It’s not just about collecting — it’s about building together. 4. The Flywheel Effect IP growth → Community expansion → Product sales → Web3 onboarding → NFT demand → Ecosystem success. Everyone grows together a real win-win cycle. 5. Key Success Metrics of Pudgy Penguins So Far Social Media: 10M+ total followers, setting the culture standard in Web3. Toys & Collectibles: $200 figures now resell for $3K–$5K even collaborating with Korea’s Lay. Physical Presence: Real-world visibility still matters before the metaverse fully takes over. Memes & Stickers: 900M+ daily sticker impressions — pure cultural dominance....