Recently, the transaction volume of Pudgy Penguins project has continued to rise, and the floor price has reached 7.1ETH. In March of this year, the floor price was around 1ETH. Pudgy Penguins was acquired by Luca Netz in April and then marketed and transformed. Pudgy Penguins IP has also been reborn and returned strongly!

1. Project Introduction

The theme of the Pudgy Penguins NFT series, which was launched in July 2021, is joyful and lighthearted childishness. In the project's own words, "Embodying love, compassion and mercy, the chubby penguin is a beacon of good mood and positivity for everyone."

There are 8888 in total, each depicting a different cartoon penguin, composed of a series of random features. Each penguin is unique. The initial mint price is 0.03ETH.

Hot at the beginning

  • Reddit co-founder and well-known investor Alexis Ohanian tweeted his holdings of Pudgy Penguins

  • The New York Times also reported on the news, which became a hot topic again.

2. The Aesthetics of Pudgy Penguins

The Pudgy Penguin aesthetic combination is randomly generated from over 150 hand-drawn features, for example, 357 Pudgy Penguins have headbands, but only 58 have crowns. There are 5 Pudgy Penguins NFTs that are the rarest, including Pudgy Penguins in banana, shark, pineapple, and ghost costumes, and one even has the opposite direction of all the other penguins.

3. New Team - Rebirth from the Ashes

Luca Netz, a Los Angeles entrepreneur in the DTC (Direct to customer) e-commerce field, acquired the project for 750 ETH ($2.5 million) in April this year and set out to re-plan a new development roadmap with his team. Luca Netz said he looks forward to "spreading love in Meta."

After taking over the project, Luca quickly launched update measures, including hiring a new COO, applying for Twitter and OpenSea blue labels, launching an official Instagram account, etc. After the transaction was completed, Pudgy Penguins' trading volume in the NFT market also began to soar.

In August this year, Pudgy Penguin#6873broke the record and sold for 400 ETH. On December 18, the project released the Lil Pudgy series NFT. A total of 22,222 Lil Pudgy series NFTs were issued, and each Pudgy Penguin owner will receive a Lil Pudgy. Its sub-series "Lil Pudgys" has also obtained the physical toy license of the international children's toy brand PMI Toys.

This series of hits heralds the return of the Pudgy Penguins IP!

Project Upgrade

  • Launched a number of peripheral products and continued to generate heated discussions on social media

  • August 23 Announcement of new advisory board

Current Advisory Board Members

  • Alex Svanevik - CEO of Nansen

  • Sanjay Raghavan - Head of Web3 at Roofstock

  • RJ Cilley - COO of SAKS Fifth Ave

  • Jordan Sterling - Partnerships at META

  • Chet Kuchinad - CPO at Save The Children, Previously at Nike & Starbucks

  • Bee Ngyuyen - General Partner Limited Ventures

  • Jess Richardson - Head of Licensing at Hasbro

  • Paolo Moreno - Adviser at SFX Ent & Fashion Nova

  • Pentoshi - King of the Penguins

IV. Goals and Plans

The new CEO announced that he will lead the company in a transparent way and will "build it into one of the largest NFT brands in the world." The new 'Rogs' concept may be launched, which is one of the top plans of the NFT project.

Other plans

1. Rumor has it that it is working with investors to raise a $10 million seed round (valued at $50 million), and the financing agreement may include token rights

2. CEO said: Part of the profits will be returned to token holders

3. Pudgy Penguins may issue tokens in April 2024

5. The influence of rapid communication

1. On December 6, the floor price rose to 4.4E, and a large investor purchased 48 NFTs

2. On December 27, the floor price broke 6 ETH, and a whale bought 20 units with 99 ETH

3. The founder of NFT aggregation platform Genie, who is also the current head of Uniswap NFT products, frequently posts or retweets information related to Penguin

4. Nansen CEO holds a penguin avatar and penguin element background, and Nansen Intern customizes a penguin and nansen element combination avatar

Let’s take a look at the recent transaction data:

In the end, who wouldn’t want to have a cute and empathetic Pudgy Penguin? As Luca Netz said, let’s spread the love!