The cryptocurrency wave may be rough, but Pudgy Penguins are riding it in style, proving that humor and innovation can win even in a bear market. About three months ago, we covered NFT collections that thrived during bear markets. The cute penguins earned an honorable place in the shortlist. At the time, the bottom was trading around 5ETH. Today they reached a new low of 19 ETH. Bored Apes (BAYC), on the other hand, is trading around 25 ETH. Will cute penguins turn a boring monkey yacht club upside down?
Let’s dive into the wonderful world of Pudgy Penguins NFTs, where laughter and success meet in the ever-changing cryptocurrency landscape.
Meet the Pengus
The Pudgy Penguins NFT, hatched in July 2021 on the Ethereum network, is not your typical NFT. With members of the loving community called “Pengus” or “Huddle”, this cute collectible offers more than just digital images. With access to exclusive perks, events, experiences, and even the potential for IP licensing opportunities, this is the Pengu party where everyone is invited!
ice breaker
Launched at the low price of 0.03 ETH, Pudgy Penguins melted hearts and wallets and sold out in 20 minutes. But because life often mimics cryptocurrencies, the temperature has fluctuated. It was an Antarctic roller coaster of doubts about the founder, deviations from the road map, and dropping prices.
comedy club exit
Amid criticism and drama, founders Villemain and Patterson were voted out of Iceberg in January 2022. Meet Luca Netz, a comedian with a plan. He rejected the offer to buy 888 ETH and snatched Pudgy Penguins for 750 ETH in April 2022. Now the Netz Wand has taken on that role.
iceberg navigation
The Pudgy Penguins, led by Netz, have been given a makeover. Social media accounts were verified, brand colors were brightened, and mission statements were refined to get the project back on track. Entrepreneurial-minded Netz has vowed to dominate the NFT space through innovation, partnerships, and the magic of storytelling.
lemonade stand
The rebranding was just the beginning. Nets and his team have unveiled big plans, including a penguin-themed children’s book and IP rights for commercial use. Pengus can now earn up to $500,000 per year through NFTs. Talk about a financial ice war!
fuzzy bridge
Why stick to one network when you can mix it up? Pudgy Bridge allows users to seamlessly transfer Penguin NFTs between networks. It’s like a teleportation device, but for adorable digital birds.
Invest in Cool
In May 2023, Pudgy Penguins raised a whopping $9 million in seed funding, with investors like Big Brain Holdings, Kronos, and Ethersole joining. The financial iceberg has become much larger.
Pudgy World: Where Ice and Dice Meet
But there’s more! Pudgy Penguins are embarking on a new adventure called Pudgy World. A social open-world game launching on zkSync in Q1 2024, it will bring NFT holders and actual Pudgy toy owners together for a frosty feast. Customize your penguin, embark on a story-driven journey, and interact with your fellow Pengus. Blockchain meets fun in this ice-cool game without any prior blockchain knowledge.
Token airdrop?
There are rumors going around that tokens created by the Pudgy team on X will be airdropped to holders. Similar to the $APE token provided by Yugalabs to BAYC holders. But this is just a rumor that spreads like wildfire.
Meanwhile, Pudgy holders are enjoying other token airdrops. For example, the $DYM token will have an airdrop allocated specifically for Pudgy Penguin NFT holders. We will see more of these types of token airdrops in 2024.
Chubby penguin turns over a bored ape
Will the penguin overthrow the ape? Only time will tell. Back in 2021, The Bored Apes received hype and celebration each time they released a larger collection, eventually upsetting Crypto Punks. Today, things have changed and other collections can also turn Apes over.
If you go back a year, you could exchange 1 BAYC for about 8 Pudgy Penguins. The bottom is now so close. If you scroll through the
Conclusion: From ice depth to Web3 height
Pudgy Penguins NFT weathered the cryptocurrency storm with humor and innovation. Under Netz’s leadership, they survived and thrived, proving that laughter is the best medicine in the cryptocurrency sea. So grab your Pudgy Penguin, buckle up, get ready for the cold weather, and let the crypto comedy continue!
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