Author: NingNing
Bold prediction, the NFT renaissance will start this week, with the floor price of Ape Kin doubling as a prelude, and will be ignited by the airdrop of Pudgy Penguins this month.
Although Non-Fungible Tokens (NFTs) have just experienced a much longer bear market than other sectors, and it cannot be completely asserted that the NFT bear market has ended, there are no signs of the NFT track disappearing.
On the contrary, the new forces of NFTs represented by Pudgy Penguins and the sloths in the Commos ecosystem, as well as Bad Kid, have successfully explored a path of healthy development through emphasizing community building and IP construction, and have continued to grow against the trend in the floor price and liquidity of the NFT bear market cycle, after the failure of Yuga Labs' endless split-plate manipulation.
The Pudgy Penguins team is not satisfied with being one of the largest Web3 brands, but is ambitiously launching an independent consumer chain Abstract @AbstractChain, which aims to become the largest Web3 commodity and service distribution channel by connecting developers, communities and users.
Abstract and the super financial app Infinex @infinex_app are two heavyweight chess pieces that Peter Thiel, the King Maker of Vans and the Godfather of the Paybal mafia, is betting on the large-scale adoption of Web3 that is about to happen in the United States.
Focusing on the Pudgy Penguins token $PENGU airdrop, in terms of community consciousness, IP influence, strategic planning and execution capabilities, asset liquidity, and price, Pudgy Penguins has an obvious trend of catching up, and the FDV of $PENGU should not be less than ~$1.9 billion of $APE, that is, the price of each $PENGU should not be less than $0.021.
Pudgy Penguins has issued a total of 38,504 NFTs in 3 series: Pudgy Penguins (8,888), Lil Pudgy (22,222), and Pudgy Rods (7,394).
The total issuance of Pudgy Penguins is ~88.889 billion, with 25.9% allocated to the Pudgy community (NFT holders).
The current prices are: Pudgy Penguins 19.3E, Lil Pudgy 1.99E, Pudgy Rods 0.82E.
Based on the weighted distribution of NFT prices, each Pudgy Penguins NFT will be airdropped 2,002,934 tokens, Lil Pudgy 206,583 tokens, and Pudgy Rods 85,006 tokens.
Based on the current prices, the initial airdrop return rate of Pudgy Penguins NFT is ~58%.
Of course, the above is a conservative estimate, without considering factors such as new currency premium, community consensus premium, and market risk preference premium, so the actual return rate should be much higher than 58%.
