The Financial Coconut Podcast

NFTs, Merch, and Licensing: How to Make Your Character the Next Big Thing [TBS 40]

Nov 18, 2025
Meet Chanel Lee, founder of Tasty Toasty, who transformed her digital characters into a thriving merch empire using NFTs, and Wang Shijia, creator of Ang Ku Kueh Girl, a pioneer in local character licensing. They explore what makes characters unforgettable, the balance of creativity and business, and their journeys through merchandising and licensing. Enjoy insights on storytelling, navigating international markets, and the future of physical products as they share strategies for turning characters into global sensations.
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ANECDOTE

NFT Launch Became A Market Test

  • Chanel launched Tasty Toasty as an NFT project to test audience resonance before making physical products.
  • She sold the collection but lost much revenue when holding proceeds in crypto, then rebuilt the business with normal revenue streams.
INSIGHT

Digital Stickers Multiplied Brand Reach

  • Going digital with viral WhatsApp stickers raised Uncle Kuei Girl's awareness faster than physical retail.
  • That visibility made licensing opportunities come to them instead of cold‑calling partners.
ADVICE

Always Charge Something For Creative Work

  • Charge something rather than do free work; set a price you’re willing to accept and improve it over time.
  • Do pro bono work selectively for causes you believe in, but avoid making free work a habit.
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