Introducing Pudgy Penguins, an 8,888 NFTs of cute penguins that are this week’s best-selling collection on OpenSea. For today’s NFT review, we will be discussing the Pudgy Penguins team, investors, and ranking based on the NFTStudio24 Rarity Ranking tool.
Here’s everything you need to know about Pudgy Penguins NFT:
A team of builders, creators, operators, and thinkers gathered around to create the Pudgy Penguins NFTs. The collection became a global hit when it was first launched on July 22, 2021, each for 0.03 ETH and sold out within 20 minutes of the drop.
The Pudgy Penguins NFT collection was launched with the vision to make it a proper Web3 brand in real life. With the help of its innovative and creative community, Pudgy Penguins is now a high-class NFT project of 2022.
Pudgy Penguins NFT collection
Pudgy Penguins is basically an NFT collection of 8,888 small, cute chubby penguins waddling in the outskirts of frozen Ethereum blockchain. The traits range from basketball hats, Helmets, caps, and other features, which makes them stand out from other collections.
Coming from the freezing temperatures of Antarctica, Pudgy Penguins have arrived to melt down the crypto winter. In other words, Pudgy Penguins is this week’s highest charting NFT collection on the NFT marketplace, with the rarest one selling for $600,000.
NFTStudio24 Rarity Ranking Tool
NFTStudio24 Rarity Ranking is a unique all-in-one tool that enables collectors and creators to rank NFTs based on their rarity traits. Users can easily surf through their favorite NFT collection listed on NFTStudio24.com and pick out the rare NFT using the NFTStudio24 Rarity Ranking Tool.
Pudgy Penguins NFT collection is listed on NFTStudio24 directly linked with the OpenSea marketplace. The rarity ranking system of NFTStudio24 focuses on characteristics, view collection statistics, track impending NFT drops, and more.
Since Pudgy Penguins NFTs are the latest trend, it might be hard to pick out the best NFT with rare characteristics. This is where NFTStudio24 Rarity Ranking Tool comes in.
Pudgy Pepe #8432 ranks #1 by NFTStudio24 Rarity Ranking Tool
Based on NFTStudio24 Rarity Ranking Tool, Pudgy Pepe #8432 is the rarest NFT to own from the NFT collection. The tool has picked out this NFT by looking at its unique features.
But the biggest reason why Pudgy Pepe #8432 ranked #1 on NFTStudio24 is its property. To be precise, the NFT belongs to the Legendary Type King Pepe, a rare gold-colored Penguin.
Currently, the NFT is priced at 1.69 ETH, which is $2,779, with only 1 Time Sale trading history.
Buy Pudgy Pepe #8432 NFT from NFTStudio24.com today! And to see more ranking visit: nftstudio24.com/collection/pudgy-pepes/.
Pudgy Penguins caught in a scandal
When Pudgy Penguins NFT was dropped last year, it caught many people’s attention but later the hype declined after the founders were voted out by the community in January 2022.
The founder, Cole Thereum, had promised “a game, a token, an educational book on NFTs and more” but he failed to meet them and allegedly drained the treasury of funds.
The situation deteriorated when the NFT community found out that Thereum was involved in many scams before this collection. Suspicions were raised and the floor prices of Pudgy Penguins NFT dropped more.
A holder known as @9x9x9 owned around 200 Pudgy Penguins NFTs came out on Twitter and shared that the founders had offered IP rights for 888 ETH. This caused chaos in the community because the offer was made without any notice to the NFT owners.
Pudgy Penguins froze in ice as people lost hope over the PFP NFT project. However, the project was recently resurrected after Luca Schnetzler bought the collection for 750 ETH. In an announcement, Schnetzler shared that he was personally attracted to the artwork and the idea behind Pudgy Penguins, which motivated him to buy it from the old team.
The new team announced they will be building Pudgy Penguins as a Web3 brand by dropping merchandise, events, and new experiences for the owners. This attracted many collectors and the floor prices shot up to 83% in the last two weeks, based on data from NFTFloorPrice.
The new team of Pudgy Penguins
With the goal to bring back Pudgy Penguins NFT to its rightful place, Luca Schnetzler shared that he had been working for 6 months to plan out the strategies they will use in the coming future.
Pudgy Penguins now has new team members on the advisory board comprising experts from different well-known companies namely, Nansen CEO Alex Svanevik, Save The Children CPO Chet Kuchinad, Saks Fifth Avenue COO RJ Cilley, Bee Ngyuyen from Limited Ventures, Hasbro’s HOL Jess Richardson, Paolo Moreno, and Jordan Sterling from Partnerships at Meta who just joined the board this week.
The new team looks promising and has a big reputation in the tech world for their contributions and expertise.
Pudgy Penguins core team members include CEO Luca Schnetzler, CTO Lorenzo Melendez, CMO Nicholas Ravid, CCO Peter Lobanov, CLO Jennifer Mcglone, and Head of Operations Dr. Kaizu.
Pudgy Penguin #6873 sold for $630,000!
For the past month, the trading volume of Pudgy Penguin on OpenSea has increased to more than 69% with prices surging 400% high, making it the best-selling NFT collection of August.
Pudgy Penguin #6873 highest selling NFT for 400ETH ($630,780) on OpenSea features Green Background, Mirrored body, Mirrored face, and Black skin.
This NFT is the rarest of all as none of the Penguins from the collection include these features. The new owner of this Penguin is @KinkyBedBugs on Twitter.
Other Pudgy Penguins NFTs have also raised in value on the OpenSea marketplace. Based on recent data, the prices for each Penguin with valuable rarity traits have sold with prices ranging from $5,000 to $9,000.
Pudgy Penguins to drop Pudgy Toys
Another reason for Pudgy Penguins’ rising in the NFT marketplace is the announcement of Pudgy Toys, physical stuffed toy merchandise of the NFT collection designed by PMI, widely known for producing toys for Fortnite, Nickelodeon, and Nerf.
The holders are supposed to give the IP license to the Pudgy Penguins in order to get a stuffed toy of their NFT. The first reveal was given by Luca Netz himself, which brought a sudden interest in NFT among the collectors.
With the new team onboard, the Pudgy Penguins NFT collection will surely rise to compete with the likes of BAYC, MAYC, Moonbirds, or CryptoPunks.
Buying Pudgy Penguins can be considered a valuable asset because, unlike other NFT collections, the team is motivated to establish it as a Web3 brand by involving the community with it. In fact, the team announced they will raise royalties from 3% to 5% to expand its operations and become a global name in the market.
What makes this collection more attractive and valuable is the team behind it. The executives are from well-established companies such as Meta, Nansen, and Saks Fifth Avenue, so their reputation is enough to believe Pudgy Penguins will go long way in the future.
Additionally, Pudgy Penguins also has its own NFT trading platform called Pudgy Marketplace with a soulbound token, $penguPins, and will soon reveal Quest Map on the website.
The recent NFT sold for $630,000 is just a start; more NFTs will sell out at higher prices. There’s no doubt in saying the Pudgy Penguins NFT collection is the new hype of the market.
Note: NFTStudio24 doesn’t give any financial advice to its readers. You are obliged to do your own research before buying NFTs.