6 months ago
A batch of radiance has gone disconnected the past NFT boom, with millions of dollars mislaid connected worthless pieces of integer art.
But a tiny fig of projects person retained their worth and taste appeal.
Pudgy Penguins is one.
The postulation of 8,888 penguin <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank">NFT</a> illustration pictures precocious deed a caller all-time-high terms astatine astir 22 ETH, having risen <a href="https://decrypt.co/295093/pudgy-penguins-all-time-high-nfts-rebound" target="_blank">about 40% successful a week</a>.
Other durable projects similar Bored Apes and CryptoPunks person seen akin jumps successful enactment with the emergence successful bitcoin’s price. Now, with the crypto marketplace rising again, Pudgy looks good placed. Its CEO Luca Netz precocious announced it volition motorboat its ain <a href="https://www.coindesk.com/markets/2024/12/05/top-nft-brand-pudgy-penguins-to-release-pengu-token" target="_blank">PENGU token connected Solana</a> successful 2025. About a 4th of the tokens volition beryllium reserved for the project’s NFT holders, with different tokens reserved for Solana and Ethereum users.
The occurrence of Pudgy is testament to the enactment of Netz, who acquired the Pudgy Penguins NFT postulation successful April 2022, pursuing a bidding warfare with Web3 influencer BeanieMaxi and others. Netz has kept the marque relevant, selling 1.5 cardinal plush toys astatine Walmart and Target.
Pudgy has a devoted online fanbase, with 2 cardinal followers connected Instagram, 520,000 followers connected TikTok and 205,000 followers connected X (formerly Twitter). Videos of Penguin characters person registered 32 cardinal views connected Giphy.
Pudgy was the 2nd biggest NFT task of the past rhythm and Netz expects the bully times to instrumentality now.
“We’re present successful a bull market," helium said. "That’s exciting. That changes things. I deliberation we’ll spot the craziness similar we’ve seen before.” CoinDesk teamed up with the Pudgy Penguins squad to exemplify this year’s Most Influential list. Netz says helium hopes Pudgy is the benignant of marque that’s for everyone successful crypto. “Penguins privation to beryllium the mascot of crypto. We privation to correspond the full space,” helium said.
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