The Pudgy Penguin has evolved from cute images of penguins with chubby cheeks into an entire ecosystem, including soft toys. own game.
What is the Pudgy Penguins NFT Collection?
Four college friends decided to launch the Pudgy Penguins in July 2021, riding on the popularity of NFTs. ColeThereum produced 8,888 Pudgy Penguins NFTs at a cost of $0.03 per piece. The entire collection, priced at $90 per piece, sold out within 20 minutes. This brought its creators to over $800,000.
In comparison to the other NFT collection at that time – whose avatars tended to be pixelated, or tried to adopt new trends – Pudgy Penguins stood out. Pudgy Penguins instead featured vibrant colors, round faces, and tiny beaks.
After the first Pudgy Penguins Collection was released, creators created a second collection called Lil Pudgys. This collection contains 22,222 smaller images of the original Penguins.
The success of the crypto market could have lasted longer. Prices for NFTs declined along with crypto prices at the end 2021. The Pudgy Pencil token owners’ community is also disappointed by the creators’ attitude towards the collection.
The team, led by Cole Wilman of ColeThereum, shared their grandiose ideas and announced that they would release both a game and a book about the cute penguins. The team did not specify a timeframe for the projects. They were removed from the OpenSea NFT market for some time.
Luca Schnetzler appeared in April 2022. The original creator ColeThereum had no plans to develop the project. The developer sold him the rights for 750 ETH ($2.5 million) at that time. He hired a marketing team and started promoting the project. Schnetzler was able to transform an initial unpromising asset into a unique blockchain ecosystem in a matter of years.
Pudgy Penguins Ecosystem
Lil Pudgys
Lil Pudgys is a new collection that features hand-drawn Pudgys.
Lil Pudgys owners receive the same rights and benefits as Pudgy Penguins. Other benefits include access to IP licensing events and perspectives.
But the success of this collection could have been longer-lasting. Prices for NFTs started to fall at the end of 2020, along with the declining crypto market. In addition, Pudgy penguin token holders were disappointed in the attitude towards their collection by the creators.
Signed in 2023 was an agreement to work with the LayerZero Little Pudgys was able to appear on TV thanks to this project Arbitrum The following are some examples of how to get started: Polygon networks.
Pudgy Rods
As a gift, Pudgy Rods was offered. NFTAny owner of the Pudgy Penguins NFT may claim mint through August 30th, 2021.
Pudgy toys
The launch date for the Pudgy Toys Collection is May 2023. In just two days, the stuffed animal collection reached $500,000 sales.
Pudgy toys are distinguished by the digital interface, Pudgy World.
In September 2023, the firm started selling penguins at 2,000 Walmarts. In April 2024, more than one million toys were sold, earning $10 million in revenue. The number of total toys sold was also over a hundred thousand. has exceeded 1 million.
Pudgy World Game
The authors of Pudgy Penguins will be publishing their book in December 2023. announced that they were developing a game called Pudgy World — a free browser-based blockchain game that tells the story of the adventures of two penguins. The software was integrated with the Ethereum network scale-up protocol zkSync launched by Matter Labs.
Michael Lee is the senior vice president of the firm. invented The employees of his company will be able to use new business models, and the experience in gaming will become more diverse. This will include a cryptocurrency earning system based on Pudgy World.
“The launch of Pudgy World, in collaboration with Walmart, stands as a remarkable testament to the capabilities of our joint development teams. Whether you’re a seasoned NFT collector or venturing into crypto for the first time, Pudgy World aims to welcome millions of gamers into web3 to have fun, as well as forge lasting friendships.”
Michael Lee is the SVP for Growth at Matter Labs
The tokens that come with NFT Pudgy Penguins or plush toys of penguins can be used to create 3D figures. In 2025, the developers will also launch a version for mobile devices.
Where can I buy Pudgy Penguins NFTs?
Currently, there are two platforms that you can use to purchase Pudgy Penguins NFTs. To begin with, you can purchase the tokens on Pudgy Penguins’ official marketplace. This token can be purchased on the official site of the project and includes a physical toy penguin.
OpenSea is another trusted platform for buying a penguin. On the platform, only NFTs can be purchased.
What is the current state of Pudgy Penguins?
OpenSea’s data indicates that Pudgy Penguins is currently priced at 7.985 Ether.ETHThe current rate is $28,200.
Pudgy Penguin OpenSea shows that the Penguin #6873 was sold at a price of 400 ETH or $1.4 Million.
CryptoSlam also indicates that Pudgy Penguins ranks 20th in terms of the most expensive NFT collections sold in the last thirty days. The sales totaled $6 million. NFT #5019 was ranked 13th in terms of the most expensive NFTs sold over the past 30 days. This token was bought for $46,104.
Why should users be paying attention to NFTs right now?
NFTs were all the rage on the Internet by 2021. It was so exciting that pictures sold for thousands of dollars. Then, people were suddenly out of cash. Price of collectible NFTs decreased by 90% on average, and that of normal NFTs was down by 99.99%.
Recently, prices for many of the best-selling NFT collections dropped significantly. As an example, the Bored Ape Yacht Club’s minimum cost (BAYC( ) has decreased by 20% over the past thirty days.
Some NFT projects like Pudgy Penguins try to keep their tokens relevant by creating additional games or physical products. Pudgy Penguins future could be bright for holders who have been holding the tokens for a long time.
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Source: crypto.news