NFT project “Fat Penguin” Pudgy Penguin submitted two trademark applications

According to reports, US trademark and copyright attorney @ NeerMcD disclosed on social media that the NFT project “Fat Penguin” Pudgy Penguin has submitted two trademark applications, covering printed comic books, collectable printed transaction cards, various goods (hoodies, hats, pants, etc.), board games, jigsaw puzzles, movable dolls, plush toys, candy, various snacks, retail store services featuring virtual goods Sites that allow users to upload and download music, video clips, and images, audio and video recordings featuring music and artistic performances, downloadable music files certified by NFT, and downloadable multimedia files that contain artwork associated with characters through NFT or soul bound tokens. Luca Netz, CEO of “Fat Penguin” Pudgy Penguin, said he hoped the project could exist as a brand in areas outside of NFT.

Interpretation of this information:

The Fat Penguin project has filed for trademarks covering a variety of physical and digital merchandise with the help of a trademark and copyright attorney. The NFT project’s goal is to become a well-known brand across various industries beyond the NFT market. This move aligns with the increasing trend of NFT projects expanding their market reach and diversifying their revenue streams.

The Fat Penguin NFT project has submitted trademark applications that cover various merchandise items including printed comic books, collectible cards, hoodies, hats, pants, board games, jigsaw puzzles, movable dolls, plush toys, candy, and snacks. Additionally, the trademark applications also cover various digital services such as retail stores featuring virtual goods, music, and video platforms, audio, and video recordings, and downloadable music and multimedia files certified by NFT.

This move marks a significant milestone for the Fat Penguin NFT project as it aims to establish itself as a brand beyond the NFT market. Luca Netz, the CEO of the project, hopes that with this new brand identity, Fat Penguin can access a wider target audience and grow its business beyond the NFT space.

The Fat Penguin project’s move to trademark its products and services highlights the broader trend of NFT projects moving beyond just the digital asset market. As NFT investments continue to gain popularity, projects must find new ways to differentiate themselves and generate revenue outside of the NFT market. By exploring other revenue streams and registering trademarks, NFT projects like Fat Penguin can establish themselves as credible and well-recognized brands that appeal to a broader audience beyond crypto enthusiasts.