Pudgy Penguins Unveils Pudgy Toys Lineup, NFT Prices Go Up
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Pudgy Toys Lineup Sales
According to data from OpenSea, the collection has sold 252 ETH (about $466,000) in the last 24 hours, a 370% rise from the day prior. As per the information given by NFT Floor Price, the collection's floor price - the cost of the least expensive edition - is currently 2.63 ETH (about $4,900), up 18% from yesterday's floor and 60% from three months ago.
Since its debut in June 2021, the Pudgy Penguins brand has experienced its fair share of ups and downs. In fact, it fired its founders in January last year. A Los Angeles-based businessman who owned the Pudgy Penguins brand purchased it in April for 750 ETH, reviving community efforts to take control of the collection's destiny.
The move coincides with a continuing discussion concerning holders' licensing rights in the NFT community. Moonbirds' recent transition to the CC0 license precipitated a sharp decline in its floor price. In contrast to Pudgy Penguins NFT licenses and collections like the Bored Ape Yacht Club (BAYC) and CryptoPunks, a CC0 license allows anybody, not only the NFT holder, to use the creative rights associated with the project's artwork to generate commercial items.