The future of the IP market may run through the Base chain – at least according to purrLabs, the Web3 entertainment company betting big on Coinbase’s Layer-2 network. As tokenized characters, AI-driven brands, and on-chain creator economies explode across crypto, Base chain has emerged as the fast, cheap, and consumer-ready battleground for next-generation intellectual property.
With purrLabs partnering with District.xyz, and Coinbase backing Base into the #1 consumer L2, more builders are asking whether Base is quietly becoming the new infrastructure standard for the global IP market.
(Source – marketgrowthreport)
Is Base Chain Really Becoming the Foundation of IP Capital Markets?
purrLabs certainly thinks so. The Silicon Valley IP studio (and Coinbase’s first official licensed IP partner) announced a significant collaboration on November 19, 2025, with District.xyz, the a16z-backed launchpad native to Base. Their shared mission is to build IP Capital Markets, or ICPM, a financial layer where characters, stories, and entire worlds become tokenized, tradeable, and community-owned on-chain.
🚨 VERY MIGGLISH NEWS: We’re partnering with @DistrictXYZ (https://t.co/C2LXXUbMJa)— the leading Internet Capital Markets launchpad on @base, backed by @a16z — to build the future of IP Capital Markets (IPCM).
Tokenized IP. Onchain distribution. Culture-powered economies.
A new… pic.twitter.com/RiYFHF9UaZ— purrLabs (@purrLabs) November 20, 2025
Why Base? purrLabs cited the chain’s ultra-low fees, massive retail funnel through Coinbase, and explosive creator economy ecosystem. District is already the most active launchpad on Base, helping spin up DAOs, memes, and creator projects at “internet speed”. purrLabs CEO Kousuke Tominaga says the goal is simple: build the rails that make IP tokenization inevitable.
Another day means another opportunity to stay migglish 😼🐲💥 pic.twitter.com/7GmuN3UnCS
— Mr. Miggles (@MrMigglesOnBase) November 18, 2025
This vision goes beyond NFTs. purrLabs combines physical and digital IP, all of which contribute value to unified on-chain character economies. Their flagship mascot, Mr. Miggles, is already the prototype: a meme-born character evolving into a fully tokenized brand engine.
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Is Base competing with Pudgy Penguins in the Web3 IP Race?
Pudgy Penguins laid the modern blueprint for on-chain IP licensing: toys at Walmart, animated shorts, the PENGU token, and a roadmap toward a 2027 IPO. But Pudgy still operates primarily on Ethereum and its own controlled ecosystem.
Over the years I've seen Pudgy Penguins written off for dead multiple times by CT when the broader market was bearish.
Every time, they've come back stronger than before.
They're still building and increasing their global brand awareness at a pace unlike any other IP play in…
— K A L E O (@CryptoKaleo) November 19, 2025
Base, meanwhile, has become the challenger L2. It dominates on-chain social, creator experiments, memecoins, and consumer apps. With purrLabs and District pushing IPCM on Base, the network is positioning itself as the infrastructure layer for scalable, fractional, financialized IP markets.
Although both are community-powered IPs, they have zero direct overlap. Pudgy runs its licensed NFT model, while purrLabs is building tradable on-chain IP markets for characters and digital universes. Coinbase’s Base chain is simply becoming the home for the latter.
If Pudgy represents the “established winner,” purrLabs + Base represent the new, fast-moving challenger.
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Will Base Chain Power the Next Wave of Tokenized IP?
If the purrLabs narrative proves correct, Base may become the home for brands that grow through community participation rather than Hollywood-style IP cycles. Its low fees, integrated Coinbase onboarding, and creator-first ecosystem give it a unique edge.
With District.xyz providing the launch rails and purrLabs bringing the cultural IP engine, the Base chain is attracting builders who want to tokenize worlds, not just mint pictures.
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