What is Pudgy Penguins NFT collection? Is it expensive?

August 22, 2022 12:54 PM AEST | By Ankit Sethi

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.

Selling price of Beeple’s NFTs

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.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.