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ToggleIn the increasingly developing NFT world, Pudgy Penguins is one of the most prominent collections, not just because of its cute images but also due to its powerful resurrection journey from the community. What makes these penguins so special and attracts thousands of collectors and investors worldwide? Let's explore with Allinstation through the article below!
What are Pudgy Penguins?
Pudgy Penguins is a collection of 8,888 Non-Fungible Tokens released on Ethereum on July 23, 2021, with each NFT being an ERC-721 standard token representing a unique cartoon penguin with a cute and fun style.
Each penguin in the collection has unique appearance characteristics such as skin color, accessories, clothing... creating thousands of unique, irreplaceable, and uncopyable versions. These adorable NFTs quickly became an icon in the NFT world, thanks to their loyal community and brand development vision that extends far beyond the digital world.
What makes Pudgy Penguins special
Each NFT in the collection is randomly created based on 5 main elements:
- Background: 13 types
- Skin: 15 types
- Face: 27 types
- Head (Accessories): 54 types
- Body (Clothing): 64 types
The combination of these attributes creates rarity and valuation for each individual NFT.
Additionally, Pudgy Penguins is special because:
- Blue-chip NFT: Pudgy Penguins is classified as a Blue-chip NFT – collections with large market capitalization, high liquidation, and highly valued by long-term investors.
- "Phoenix rebirth" journey: The project once faced a serious crisis when the original founders lost community trust. However, in 2022, investor Luca Netz bought the project's control rights for 750 ETH (~$2.5 million at the time), completely restructuring the entire ecosystem. This is considered one of the most impressive recovery stories in the NFT market.
- Branded licensing: Pudgy Penguins is one of the rare NFT projects with global trademark registration, creating a foundation for expansion into areas like toys, books, and animated films...
- Independent and dynamic community: The Pudgy Penguins community is organized in a self-operating manner, with various groups (clans) such as Pudgy Alpha (sharing alpha, market predictions), Pudgy Gaming, Pudgy China, Pudgy Fitness,... Additionally, activities like Penguin of the Week help honor members actively building the community.
Technical information about Pudgy Penguins NFT
Basic parameters
- Collection Name: Pudgy Penguins
- Blockchain: Ethereum
- Token Standard: ERC-721
- NFT Contract: 0xBd3531dA5CF5857e7CfAA92426877b022e612cf8
- Max Supply: 8,888 NFT
- Initial Mint Price: 0.03 ETH
- Mint Revenue: 266.64 ETH (~$532,000 in 2021)
NFT Utility
- Profile Picture (PFP): Used as an avatar on social media, expressing personal style.
- Community Participation: A ticket to enter an exclusive community with alpha, events, early access...
- Investment: Many investors hold NFTs as assets that grow in value over time.
- Physical Item Production: Since 2023, Pudgy Penguins has released an official toy line distributed at Walmart – the largest retail chain in the US.
Pudgy Penguins Project Team
You can view the project team HERE
Pudgy Penguins Investors and Partners
Investors
05/09/2023: Pudgy Penguins announced successful fundraising of $9M from investors such as Big Brain Holdings, Kronos Research, the founders of LayerZero Labs, Old Fashion Research, and CRIT Ventures.
Partners
The project currently has partnership relationships with LayerZero, Retail Monster, and Wildcard.
Similar Projects to Pudgy Penguins
- Bored Ape Yacht Club (BAYC): Non-Fungible Token icon of luxurious style.
- Azuki: Anime-inspired Non-Fungible Tokens.
- Cool Cats: Cute cats with a development trajectory similar to Pudgy Penguins.
Perspective on Pudgy Penguins
Pudgy Penguins is not merely a cute Non-Fungible Token collection, but a symbol of trust, community, and brand vision. The successful launch of physical toys, attracting investment, and having a strong community ownership form a solid foundation for sustainable development in Web3.
Summary
Pudgy Penguins is a vivid testament to the power of community and the importance of brand in the Web3 era. From a pure Non-Fungible Token collection, it has transformed into a digital cultural icon, bridging the virtual space and the real world.
Please note, this is not investment advice!
