Pudgy Penguins NFTs Up 80%, Rare NFT Sold For 400ETH

Pudgy Penguins Ethereum NFTs are gaining attention with over 81% gains regardless of the struggling market. Following the announcement of an advisory board consisting of Meta and Nansen, the rarest NFT in the collection sold for over $600,000 on August 22.

First launched back in June 2021, the Ethereum NFT collection often referred to as the “Pudgys” is starting to see some of its long-term efforts pay off. The floor price of this NFT collection has skyrocketed 73.6% in the past two weeks and 81.27% in the past month, according to data from NFTPriceFloor.

“We’ve been working our tail off for the last 6 months and I feel like it’s finally getting noticed,”

Luca Netz, Pudgy Penguins CEO, told Decrypt

On August 21, Pudgy Penguins NFTs announced its new nine-member advisory board of businesspeople and tech industry heavyweights, including Hasbro’s head of licensing Jess Richardson, Saks Fifth Avenue COO RJ Cilley, Nansen CEO Alex Svanevik, and Jordan Sterling from the Meta partnerships team.

The rarest Penguin in the collection sold on Monday for an eye-watering 400 ETH, or nearly $630,000, a day after the advisory board’s statement.

To expand the brand’s presence, the collection has been planning plush toys and children’s books for a while. Earlier this month, the NFT collection announced the specific Penguin PFPs chosen for its line of “Pudgy Toys” and launched its own marketplace for Pudgy NFTs.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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