The Pudgy Penguins NFT venture has hit an impressive benchmark, selling over one million Pudgy Penguin collectibles in the last year alone. CEO Luca Schnetzler announced that the beloved NFT initiative has witnessed a surge in sales, reaching markets across the globe.
In a recent statement on X, Schnetzler shared astonishment at the unexpected rise of the “chubby, flightless birds” in the realm of Consumer Crypto.
This sales feat follows the exciting revelation that Pudgy Toys featuring Pudgy World are now stocked in the renowned retail behemoth, Target, solidifying their presence in the United States market.
Pudgy Penguin Toys Continue to Gain Popularity
Initially launched in 2021, Pudgy Penguins, an assortment of 8,888 vibrant penguin avatars, swiftly gained traction.
The project faced early hurdles, including allegations of a rug pull against its original creator.
However, in 2022, Schnetzler stepped in and acquired the brand for $2.5 million, injecting new life into its future.
Beyond the digital space, the success of Pudgy Penguins has transcended, with plush toy renditions of the adorable penguins now stocked in major retail chains such as Walmart and Target.
This strategic move has significantly bolstered the project’s ongoing prosperity.
A standout feature of Pudgy Penguins is its innovative model, allowing NFT holders to earn 5% royalties on the net proceeds generated from the sales of physical merchandise featuring their distinctive Pudgy Penguin designs.
The NFT editions themselves have surged in value, boasting a floor price of 12.87 ETH (approximately $37,580 at current market rates) on the NFT marketplace OpenSea.
An impressive highlight in recent sales activity was the transaction of Penguin #6873, fetching a staggering 400 ETH, equivalent to approximately $1.17 million, as reported by OpenSea.
The Pudgy Penguins collection witnessed a peak in sales activity in mid-February, with 439 transactions occurring daily at an average price of 20 ETH.
Although sales volumes have slightly tapered since then, the project still maintains a daily average of approximately 269 transactions as of May 6.
Regarding secondary market sales in the past week, Pudgy Penguins holds the twelfth spot on the NFT sales tracking platform CryptoSlam, boasting a total value of $2.2 million.
Pudgy Penguins Partners with Unstoppable Domains
In February, Pudgy Penguins forged a partnership with Unstoppable Domains, unveiling ” .pudgy” domain names. This collaboration enables Unstoppable Domains customers to acquire top-level domain names ending in “.pudgy,” which can be linked with Pudgy Penguin NFTs.
The integration brings forth a plethora of opportunities for domain holders, including the capability to send and receive web3 messages, conduct crypto transactions between domain addresses, and earn exclusive utility badges through these novel domains.
“We are delighted to welcome Pudgy Penguins, a true trailblazer and a formidable brand, to the Unstoppable Domains community,” remarked Sandy Carter, COO at Unstoppable Domains.
