According to data from NFTPriceFloor, the minimum purchase price or floor price for Pudgy Penguins PFP NFT has increased 83% in the last two weeks and 69% in the last month. “We’ve been in business for the past 6 months and I feel like I’ve finally been noticed,” Luca Netz, president of Pudgy Penguins, told Decrypt. The collection has been planning physical plush toys and a children’s book to expand its brand presence for some time now.
First run of Pudgy Toys are in. Refining and then pushing to production 🐧 pic.twitter.com/U0r7R9Tb8PLuca Netz 🐧 (@LucaNetz) August 18, 2022
“This week we are announcing our children’s book partnership and our partnership with Non-Fungible Films to help bring Pudgys to life,” he said. Earlier this month, the NFT collection announced select Penguin PFPs selected for the “Pudgy Toys” line and launched its own marketplace for Pudgy NFTs.
Introducing our Pudgy Toys Lineup, licensed directly from the community.
This is the first of many instances where the Pudgy Penguins IP will allow Web2 to meet Web3.
Congratulations to the Penguins who were selected. More is coming, just look… pic.twitter.com/82iblNKCa3— Pudgy Penguins (@pudgypenguins) August 11, 2022
The collection on Sunday continued its hot streak by announcing a new nine-member executive advisory board and tech industry heavyweights, including Nansen CEO Alex Svanevik, Saks Fifth Avenue COO RJ Cilley, Hasbro’s head of licensing Jess Richardson, and Jordan Sterling. Working on Meta’s partnerships team. A day after the advisory board announcement, the rarest Penguin in the collection was sold on Monday for a stunning 400 ETH, worth approximately $630,000.
Penguin 6873 bought for 400ETH ($630780.00) by 0x304A97 from 0x4C4A54 https://t.co/uQYXSrPofX— Pudgy Penguin Sales Bot (@pudgypenguinbot) August 22, 2022
Greg Solano, co-founder of Yuga Labs and Bored Ape Yacht Club, joined the news with words of support. “Stocked for Pengler!” He wrote about the big sale on Twitter. Earlier this year, the collection was like thin ice when some community members denounced former CEO Cole “ColeThereum” Villemain for allegedly failing to deliver on his promises, bribing a former moderator, and “battering” his community with the release of some fishing poles. NFTs (Cole denies bribery allegations).
Pudgy Penguins Ethereum NFT Collection Sold to Netz Capital for $2.5 Million
NFT enthusiast Luca Netz came to the rescue when some Pudgy owners wanted Cole to leave and “wrapped” their Penguins to prevent him from getting further royalties. Netz purchased the collection from Cole for a whopping $2.5 million in April, and things seem to have been going smoothly ever since.
“Everyone is locking down and being frugal during the bear market,” Netz said of the past six months since he began spearheading the collection.