Pudgy Penguins is becoming the most notable NFT collection on the market, having seen more than 50% growth in the last 7 days. So does this price increase come from a major event that is about to happen? Let’s find out with Weakhand in this article.
Before jumping into the article, everyone can refer to some of the following articles to understand better.
- What are Pudgy Penguins? Overview of the Pudgy Penguins NFT collection
- Pudgy Penguins: Trends and innovations in the world of digital art
Pudgy Penguins – A New PFP NFT Standard Is Gradually Forming
Over the past three months, the name Pudgy Penguins has emerged as an unmissable highlight in the NFT market. During this period, Pudgy Penguins relied on its solid performance in the bear market and launched a series of luxury sets with NFT combinations that became the focus of the market.
Starting from only 4.1 ETH in September 2023, its floor price has now reached 20 ETH, achieving nearly 5 times growth performance. Talking a little about Pudgy Penguins, this is a PFP collection of 8,888 NFTs with images of cute penguins. The collection was launched in July 2021 on the Ethereum platform but then did not perform well and was acquired by Luca Netz in April 2022. This event seems to be a milestone to open a new page in history for Pudgy Penguins.
The reason why Pudgy Penguins attracts so many fans is largely due to their brand image of cute penguins. They built a private Instagram channel to post cute penguin images and have attracted 1.2 million followers at the present time.
More notably, Pudgy Penguins are not only popular in the digital world but also bring them into the real world through the sale of Pudgy Toys toys. At present, fans can purchase Pudgy Penguins toys in retail stores such as Walmart, Amazon and Toys R Us located across the United States. The combination of physical toys and NFT redemption codes gives users a fresh experience that combines online and offline interaction.
Pudgy World: New Gateway Brings Great Experience to Pudgy Holders
Pudgy Penguins’ latest product is to build an online gaming platform called Pudgy World, the Alpha version is expected to be released in the first quarter of 2024. Pudgy World was born to create an interactive digital world with many stories to tell and open options for Pudgy Penguins holders.
Pudgy World – New Gateway Brings Great Experience to Pudgy Holders
Currently, Pudgy Penguins has launched a preliminary test version, and players can experience the 3D version of Pudgy Penguins on the website and perform simple dialogue interactions and challenges. Although the current version does not provide additional rewards, it shows the direction and potential of Pudgy World in the future. According to the official introduction, in the future, players can customize Forever Pudgy Penguin characters in miniature society and independently experience interesting stories in each chapter of Pudgy Penguins.
Although the current Beta version of Pudgy World is still limited in terms of functionality, it has shown great potential, making people look forward to the full version in the first quarter of 2024. As Pudgy Penguins continues to expand in parallel in the digital and real worlds, they are becoming a new force at the forefront of trends in the NFT market.
Does Recent Strong Growth Signal That Something Big Is About To Happen?
During the recent North American Cyber Monday shopping festival, Pudgy Penguins applied a creative marketing strategy and launched an exclusive “celebrity gift box” at Walmart. The gift box is sold at a discounted price of 25 USD and only available on Walmart.com, attracting a lot of attention from consumers.
The gift box features rich content including a 12-inch plush toy, a mini clip-on plush toy, an igloo toy, and a special certificate that entitles buyers to a free NFT that can be used in the background Pudgy World gaming platform, providing additional value to buyers.
Pudgy Penguins offers many different marketing strategies for Pudgy Toys
However, at the present time, the event that Pudgy Penguins fans are most interested in is not Pudgy Toys but speculation about the upcoming token release. In response to this, Beau – head of Pudgy Penguins community security – responded on social networks that no tokens will be launched in the near future.
This seems to have calmed market speculation, but after that the price continued to increase sharply and all speculation is turning in the other direction. Maybe an event that will definitely happen in the near future is LayerZero launching a token. Because as you know, Pudgy Penguins is also part of LayerZero’s ecosystem.
No matter what big event happens, what we’re looking forward to is how Pudgy Penguins will continue to innovate and expand its brand in the future. Whether in the digital world or the real world, Pudgy Penguins shows great potential and appeal. With the upcoming launch of Pudgy World along with hosting more events and launching more innovative products, Pudgy Penguins certainly still plays an important role in the NFT market, bringing many interesting surprises. for community members and NFT enthusiasts.
summary
Pudgy Penguins is gradually becoming a new force and the leader in the NFT market at the present time. Above is all the information that I want to introduce in this article, hope everyone has a lot of useful knowledge.
