Ethereum's Pudgy Penguins PFP NFTs Pump 83%

Expansion Of Its Brand Presence
Community Criticized Former Pudgy Penguins CEO

First introduced in June 2021, some of Ethereum NFT Collection's long-term initiatives, often known as "Pudgys," have begun to pay off. As stated on the NFT Price Foor website, the minimum purchase price or floor price for Pudgy Penguins PFP NFT has risen by 83% over the last two weeks and by 69% over the past month.

Head of Pudgy Penguins, Luca Netz, said that the team worked hard for the past six months and finally got recognition for their efforts.

Expansion Of Its Brand Presence

In addition to partnering with Irreplaceable Films to bring Pudgy to life, Netz remarked that the collection has plans to launch a collaboration with children's books this week. A few days ago, the NFT collection disclosed the distinct Penguin PFPs chosen for the "Pudgy Toys" lineup and launched its marketplace for Pudgy NFTs.

Co-founder of Bored Ape Yacht Club (BAYC) and Yuga Labs, Greg Solano, sent his support in response to the news. He tweeted about massive sales.

"Stoked for the pengs!"

Community Criticized Former Pudgy Penguins CEO

For penguins, life has not always been ideal. The collection was on thin ice earlier this year when several community members criticized former CEO Cole "ColeThereum" Villemain, alleging he broke commitments, bought off a former moderator, and "rugpulled" their group when he released some fishing poles.

Luca Netz, an NFT enthusiast, saved the day when some Pudgy holders demanded Cole to leave and "wrapped" their Penguins in a bid to stop him from getting more royalties.

Taking over from Cole, Netz purchased the collection in April for $2.5 million, and things appear to be going well. Regarding the previous six months after taking the collection, Netz stated,

"Everyone is closing in and being frugal during bear markets."

"For us, this is the perfect chance to capture people's attention and show people what we are about."

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nansen Meta Ethereum NFTs Luca Netz PFP NFTs Pudgy Penguins

Ethereum's Pudgy Penguins PFP NFTs Pump 83%

Gungun Bhatia

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.