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Highlights
- Pudgy Penguins’ NFTs trade both on OpenSea and the project’s own NFT marketplace
- Aside from 8,888 Pudgy Penguins digital assets, there are more than 20,000 “Lil Pudgy” assets as well
- Recently, there were reports about physical toy collectibles linked to Pudgy Penguins NFTs
Non-fungible tokens (NFTs) do not fail to attract their share of fans regardless of their relatively more popular cousin cryptocurrencies. One project titled Bored Ape Yacht Club (BAYC) is famous for its digital ape avatars available for purchase in the form of NFTs. Many other NFT projects are looking for similar success and Pudgy Penguins is one of them.
NFTs of Pudgy Penguins were in focus lately for a sudden surge in prices. The rise in price, approximately 370% in a single day, was attributed to reports around Pudgy Penguins launching physical collectibles for some of its digital assets.
Let us explore the Pudgy Penguins NFT project and know how it is faring amid increasing high competition in the NFT verse, which has participants like Madonna and Bill Murray.
What is Pudgy Penguins NFT?
The project claims to be working towards becoming a “mass-adoptable” Web 3.0 brand. The primary offering right now is a collection of 8,888 NFTs, which have digital avatars of penguins with distinctive qualities. Pudgy Penguins NFTs, which use the Ethereum blockchain, are listed on OpenSea as well as the brand’s own marketplace.
It is also mentioned that 22,222 pudgy collectibles can be claimed by owners of Pudgy Penguins’ NFTs. Separately, the project also sells physical merchandise that includes t-shirts and sunglasses. The team behind the Pudgy Penguins project was reportedly changed a few months ago.
Pudgy Penguins NFT price
According to OpenSea, the Pudgy Penguins collection has a floor price of 3.98 ETH as of writing. It is also mentioned that there are more than 4,500 owners of Pudgy Penguins NFTs. The uniqueness in avatars available for acquisition in the form of NFTs ranges from background to body features. OpenSea’s website also confirms a total trade volume of over 59,300 ETH tokens in Pudgy Penguins NFTs.
Also read: BNB crypto back to US$300: Why is it rising?
Expensive NFTs
Pudgy Penguins is not an expensive NFT collection when compared to names like BAYC, CryptoPunks, and Beeple. A few assets of BAYC and CryptoPunks have been purchased for millions of dollars. Artist Beeple, who is famous for his digital works like Everydays, is one of the top-selling NFT artists in the world. That said, the NFT collections of Madonna, Bill Murray and many other popular names could also not repeat BAYC and CryptoPunks’ success story.
Bottom line
Pudgy Penguins NFTs were in the limelight lately for an announcement regarding physical merchandise linked to its digital assets. The collection has a floor price of less than 4 ETH, which is nothing when compared to projects like BAYC and CryptoPunks. The year 2022 has so far largely remained muted for both cryptos and NFTs.
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