Coin News

Solana-Based Okay Bears NFTs Sign Licensing Agreement With IMG

21 Sep, 20222 min readNFT
Solana-Based Okay Bears NFTs Sign Licensing Agreement With IMG

Okay Bears have quickly become the signature Solana NFT project. That’s back on display this week, as a new licensing deal has come to life with Okay Bears and entertainment behemoth IMG.

IMG’s Stature, And Okay Bears Potential

IMG is one of the biggest names in IP, a global monster that deals in global product and branding licensing. The agency merged with arguably the biggest talent agency in the world, Endeavor (previously known as WME), in 2013. However, Endeavor has largely left IMG untouched and has held the role of parent company, allowing IMG to do what it does best.

IMG’s strength aside, the licensing deal makes an abundant amount of sense. Though Okay Bears are a very young project in an equally young market, it’s clear that profile pic NFTs like the 10,000 mint Okay Bears are finding their way to public markets. Even if major brands and media isn’t utilizing them yet, the money reinvested in the crypto market alone will continue to bolster growth. A prime example of this came just last month, when we broke down our weekly ‘NFTs In A Nutshell‘ report and highlighted the Solana-based barrelDAO, who is crafting a summer shandy beer with a can that would feature prominent Solana-based NFT projects – Okay Bears, of course, included.

NFT Representation: What We’ve Seen So Far

Source

Subscribe to get our top stories

Coin News
App StoreApp Store